Edusquad - Current Affairs | Latest Jobs | Goverment Jobs | Sarkari Naukri |

Edusquad is an education platform that provides high quality educational videos and study material for various exams like UPSC, PPSC, SSC etc.

Daily PIB Summary - 02 September 2018

Press Information Bureau India

PIB Summary

MoS Dr Jitendra Singh launches India Post Payments Bank at Jammu
  • The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh launched India Post Payments Bank (IPPB) in Jammu. 
  • The launch was a part of the nationwide launch of IPPBs across the country that is aimed at reaching the population of the country through utilization of the postal network for banking services. 
  • Banking through IPPBs would give boost to Government’s initiatives like promoting digital transactions and Direct Benefits Transfer (DBT) and will help in better penetration of Government schemes like Sukanya Samridhi Yojna.
  • The inclusion of the unbanked population in the banking network through IPPBs will empower individuals who will be able to open bank accounts in less than a minute and have access to financial services and can avail of Government schemes in an improved and assured way. It would also boost India’s GDP and increase the flow of cash in the economy.

No comments:

Post a Comment