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27/05/22 08:08 AM IST

Aarohan 4.0

In News 
  • Two days meet of senior functionaries of Postal Department and India Post payments Bank (IPPB), AAROHAN 4.0  in Shimla. 
Aarohan 4.0 
  • Aim- To discuss and deliberate ways to further deepen Financial Inclusion drive in the country and to provide banking solutions to every citizen of India. 
  • Postal Department along with IPPB is working on the vision of Prime Minister’ Digital India initiative to promote the digital payments and bring digital banking services to every nook and corner of the country in a customer friendly manner.
  • IPPB leverages upon the world's largest postal network of Department of Posts to offer inter operable banking services at door step benefiting senior citizens, farmers, migrant labourers and women amongst others. 
About IPPB 
  • It has been established under the Department of Posts, Ministry of Communication with 100% equity owned by Government of India.
  • IPPB was launched by the Hon’ble Prime Minister Shri Narendra Modi on September 1, 2018.
  • The bank has been set up with the vision to build the most accessible, affordable and trusted bank for the common man in India.
  • The fundamental mandate of IPPB is to remove barriers for the unbanked and under-banked and reach the last mile leveraging a network comprising 160,000 post offices (145,000 in rural areas) and 400,000 postal employees. 
Source- PIB 

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