Sign In
Learn bits
Schemes & Policies
Mahesh

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 

    More Related Current Affairs View All

    20 Nov

    ISRO’s GSAT-N2 communication satellite

    'Elon Musk-owned Space X successfully launched the Indian Space Research Organisation (ISRO)'s communication satellite GSAT-N2 from Canaveral Space Force Station in Florida.'

    Read More

    20 Nov

    Artificial rain in New Delhi

    'As the national capital’s air quality continued to be in the ‘severe plus’ category for the third consecutive day, Delhi Environment Minister Gopal Rai wrote to

    Read More

    20 Nov

    Chancay port project in Peru

    'Chinese President Xi Jinping inaugurated Peru’s Chancay Port  describing it as the starting point for a “new land-sea corridor between China and Latin America&rdq

    Read More

    India’s First Ai-Driven Magazine Generator

    Generate Your Custom Current Affairs Magazine using our AI in just 3 steps