(a) whether the Government has formulated any plan to extend the reach of the India Post Payment Bank (IPPB) to all the rural areas of the country and if so, the details thereof; and
(b) if not, the action taken/being taken by the Government in this regard?
MINISTER OF COMMUNICATIONS, LAW & JUSTICE AND
ELECTRONICS AND INFORMATION TECHNOLOGY
(SHRI RAVI SHANKAR PRASAD)
(a) & (b) A statement is laid on the Table of the House.
STATEMENT TO BE LAID ON THE TABLE OF LOK SABHA IN RESPECT OF PARTS (a) & (b) OF LOK SABHA STARRED QUESTION NO. *48 FOR 20TH NOVEMBER, 2019 ON “INDIA POST PAYMENT BANK”.
(a) Yes Sir, India Post Payments Bank (IPPB) has been set up with the plan of taking financial inclusion to every corner of the country and to all citizens irrespective of their location, financial or educational status.
To this end, IPPB has set up a network of access points in 1,36,078 Post Offices out of which 1,13,827 are in rural India, thereby increasing the rural banking infrastructure by almost 2.5 times. IPPB has also equipped 1,89,736 Postmen and Gramin Dak Sevaks with a smartphone and biometric device to provide Doorstep Banking Services.
(b) In view of (a) above, question does not arise.