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

Lost in Transmission: Why calls ‘drop’, what can be done about it

Random call drops across cellular networks has been a major nuisance for consumers. Despite the advent of technologies like 4G, 5G and users upgrading their phones, they continue face the same old problem of call drops. Earlier, with 2G, calling was the primary service from the mobile telephony firms, howe

India’s Semiconductor Mission takes giant leap

The union cabinet on Thursday approved the establishment of three semiconductor units under ‘Development of Semiconductors and Display Manufacturing Ecosystems in India’. Involving a total investment of nearly Rs 1.26 lakh crore, the three units  -- two in Gujarat, one in Assam – wil

Mumbai Airport: Less congestion, fewer delays, says MoCA

Mumbai is one of busiest airports in India, handling a large volume of domestic and international flights including military, non-scheduled and general aviation flights. Mumbai`s Chhatrapati Shivaji Maharaj International Airport (CSMIA) has two intersecting runways which cannot be operated

“900 tenders worth Rs 150 crore?” For ward-level works: BMC

BrihanMumbai municipal corporation is floating nearly 900 tenders worth of Rs 150 crore in the next 10 days, but that is only for ward-level civic works, the BMC clarified on Monday, reacting to reports in a section of media.    “Since there are 25 wards in BMC, it involves m

Elections 2024: Banks, post offices to chip in for voter education

In a first-of-its-kind initiative, Election Commission of India (ECI) on Monday signed a memorandum of understanding (MoU) with two prominent organisations, the Indian Banks’ Association (IBA) and the Department of Posts (DoP), to amplify its voter outreach and awareness efforts ahead of the forthcom

Charming tales of the Snakeman’s early years

Snakes, Drugs and Rock ’N’ Roll: My Early Years By Romulus Whitaker with Janaki Lenin HarperCollins, 400 pages, Rs 699

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