DARPAN launched for financial inclusion of rural population

It will offer core banking services in rural areas

GN Bureau | December 21, 2017


#Financial Inclusion   #Rural   #DARPAN project   #DARPAN   #Manoj Sinha  
Minister of communications, Manoj Sinha
Minister of communications, Manoj Sinha

Minister of communications Manoj Sinha on Thursday launched DARPAN (Digital Advancement of Rural Post Office for A New India) aimed at realising financial inclusion of un-banked rural population. The IT modernisation project, having an outlay of Rs 1400 crore, intends to provide a low power technology solution to each branch postmaster (BPM) which will enable each of approximately 1.29 lakhs branch post offices (BOs) to improve service delivery, the department of post said in a release.  

Sinha said that 43,171 branch post offices have migrated under the DARPAN project with the aim of financial inclusion to rural population and it is targeted to complete the project by March 2018.

DARPAN offers core banking services. The core banking application covers following services: cash deposit in savings bank (SB) and recurring deposit (RD), withdrawal from savings bank, new account opening for SB and RD, higher value withdrawal, mini statement, Aadhaar seeding and daily transaction report.

"The application is used for the reimbursement of social security benefits to the needy across the country such as MNREGS, old age pension and DBT," the department said.

The project shall increase the rural reach of the department of posts and enable BOs to increase traffic of all financial remittances, savings accounts, rural postal life insurance, and cash certificates; improve mail operations processes by allowing for automated booking and delivery of accountable article; increase revenue using retail post business; provide third party applications; and make disbursements for social security schemes such as MGNREGS.

As part of IT modernisation project, the department of posts (DoP) has carried out business process reengineering across various functional areas and has created to-be processes that will enable it to achieve these objectives. As an achievement, department of posts has established 991 ATMs across the country, which are interoperable with other banks and the common people has directly benefited with the wide network of department of posts especially in rural areas.
 

Comments

 

Other News

A great literary feast (that could’ve been even more sumptuous)

A Case of Indian Marvels: Dazzling Stories from the Country’s Finest Writers Edited by David Davidar Aleph, 390 pages, Rs 999 Change is the only constant, and India has always been doing so. Yet, after independence, if there was a year when the p

Govt e-Marketplace sellers report more business

“My volume of business has increased ever since I registered on GeM (Government e-Marketplace) in 2017. Earlier, I could supply items only in the vicinity of my shop in Fort area and only within Mumbai. Now, I ship my products all over the country! I have tied up with India Post and three private cou

How the Hindi Newspaper Business Changed

The Journey of Hindi Language Journalism in India: From Raj to Swaraj and Beyond By Mrinal Pande Orient BlackSwan, 188 pages, Rs 1,195.00 In India, the English-language media is considered the ‘national media’, while the language press

More reforms in telecom sector in offing: Ashwini Vaishnaw

The telecom sector in the country will witness more reforms in the coming years, minister for communications, electronics & IT and railways Ashwini Vaishnaw has said. He also asserted that the industry too will have to do its bit and reciprocate by improving quality of service significantly.

Left-wing extremism: challenges and response

Left-wing extremism is in existence right from India’s independence, but it became prominent in 1967 under the name of Naxalism. The nomenclature of this movement has changed from time to time and place to place depending upon the leadership. Before 2014 more than 15 states were facing this problem w

Agri Min organises events ahead of International Year of Millets 2023

A series of pre-launch events and initiatives have been organised by the Department of Agriculture and Farmers Welfare on the MyGov platform in the run-up to the International Year of Millets 2023 to create awareness and a sense of participation in the country  around the ancient and forgotten golden

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter