Modi releases over Rs 22,000 crore for installment of PM-KISAN to 9.8 crore farmers
Prime Minister Narendra Modi released the 19th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Monday in the Bhagalpur district of Bihar.
Union Finance Minister Nirmala Sitharaman, while presenting the Budget 2025-26 in Parliament, on Saturday announced that India Post with 1.5 lakh rural post offices, complemented by the India Post Payment Bank and a vast network of 2.4 lakh Dak Sevaks, will be repositioned to act as a catalyst for the rural economy.
She also proposed that the expanded range of services of India Post will include rural community hub co-location; institutional account services; DBT, cash out and EMI pick-up; credit services to micro enterprises; insurance; and assisted digital services.
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Sitharaman further added that India Post will also be transformed as a large public logistics organization. This will meet the rising needs of Viswakarmas, new entrepreneurs, women, self-help groups, MSMEs, and large business organizations.
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The Union Minister also said the services of India Post Payment Bank will be deepened and expanded in rural areas.
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