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India Post bank to push financial inclusion, boost rural economy: Prasad
Kolkata, Sep 1 (IANS) Union Minister Ravi Shankar Prasad on Saturday said the operations of the India Post Payments Bank (IPPB) will strengthen the financial inclusion programme in India and make country’s “village systems” stronger.
The Department of Posts is rolling out 650 branches and 3,250 access points of IPPB across India from Saturday and it aims to provide banking services to every citizen of India by leveraging the network of 1.55 lakh post offices of the department.
Of this, 27 branches and 135 access points were inaugurated in West Bengal circles comprising Sikkim, Andaman & Nicobar Islands and West Bengal.
“Remaining 8,942 post offices in the circle will function as access points gradually in a phased manner by end of December 2018,” a statement said.
“IPPB is a revolutionary step in the field of financial inclusion. When the IPPB starts operations, the villages will become good unit and the payments bank will become a strength to make village system stronger,” said the Union Minister of Law and Justice and Electronics and Information Technology.
The IPPB, which has been set up as a public sector bank with 100 per cent equity under the postal department, has a vast network of the India Post with a rural penetration of 1.3 lakh access points (post offices), nearly 2.5 times the number of bank branches in rural India.
“When the IPPB starts operation, the revenue, accountability and credibility of postal department will skyrocket,” he said at the inauguration of IPPB Kolkata branch here.
Elaborating on the digital profile of the country, Prasad said there are 120 crore mobile phones and 45 crore smart phones available in the country, while 122 crore people have Aadhaar card.
Explaining the growing transactions through digital mode, he said the transactions value through BHIM-UPI have gone up to Rs 45,845 crore as of July 2018 from Rs 5,325 crore in September 2017.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.