1 / 12

Rural Development and India Post

Rural Development and India Post. Anurag Priyadarshee Director (Rural Business), India Post 29 October 2010. India Post Network. Total number of post offices: 154,979 Post offices in rural India: 139,182

thea
Download Presentation

Rural Development and India Post

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Rural Development and India Post Anurag Priyadarshee Director (Rural Business), India Post 29 October 2010

  2. India Post Network • Total number of post offices: 154,979 • Post offices in rural India: 139,182 • Average area served per post office: 21.2 sq km (145.59 sq km for China and 259.25 sq km for USA) • Average population served per post office: 7,174 (8,029 in case of USA and 19,962 in case of China)

  3. Reach of India Post • Rural Financial Access Survey (World Bank 2004): Post office branches in India are in the closest proximity (2 km on average) to rural clients compared to branches of commercial banks, regional rural banks and cooperatives (5 km on average)

  4. Strengths of India Post Network • Rural post office personnel drawn from local communities • Trusted by the local people • Have valuable information capital on the local communities • Even the last person at the remotest village is within the reach of India Post • Rich experience of delivering financial and retail services in addition to the mail operations

  5. Leveraging the Network • Case of Widow Financial Assistance in Gujarat • Identification of ineligible beneficiaries. Survey in Gujarat by India Post in 2002 revealed that out of 130,187 women drawing the assistance, 10,353 did not fulfill the eligibility criteria. • The scheme implemented for the eligible widows in April 2003. Post offices opened savings accounts of all eligible widows. Financial assistance is being directly deposited in these accounts.

  6. Wage Disbursal under MGNREGS

  7. Rural CPI Data Collection • Current Price Index does not cover all segments of population • No separate Price Index for rural areas • Ministry of Statistics approached India Post considering it as the only agency that can collect data at all representative rural areas including remote and largely inaccessible areas • Data are being collected for 1181 villages throughout the country by India Post

  8. NABARD–SHG-Post Office Linkage • Disbursal of microcredit to Self Help Groups through Post Offices financed by NABARD •  Implemented in five districts in Tamil Nadu since December 2006 • Accounts of the SHGs are opened in the Post Offices • Local postal personnel rate the SHGs, help them in filling up loan application forms and extend loans • Risk of non-repayment is borne by NABARD • No default noticed so far

  9. Indira Gandhi National Old Age Pension Scheme

  10. Rural Postal Life Insurance

  11. Rural ICT Programme • Plan to connect all the post offices including those in rural areas on appropriate ICT platform by September 2012 • Field testing is planned in November 2010 • Adequate financial resources have already been provided to India Post

  12. Thankyou

More Related