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What is the News?
A two day meeting of senior functionaries of the Department of Posts(DoP) and India Post payments Bank(IPPB) called AAROHAN 4.0 has been concluded.
What is AAROHAN 4.0?
It is a meeting of senior functionaries of the Department of Posts(DoP) and India Post payments Bank(IPPB).
Purpose: 1) To discuss and deliberate ways to further deepen the Financial Inclusion drive in the country, 2) To provide banking solutions to every citizen of India.
The meeting concluded with the aim to provide new innovative products for every household in the country leveraging the distribution strength of the Department of Posts combined with technology prowess & banking platform from India Post Payments Bank.
What are the initiatives launched at AAROHAN 4.0?
Firstly, Fincluvation: It is a platform for start-ups to partner with IPPB-DOP to start providing Fintech solutions at the last mile.
Secondly, a Digital premium payment facility was launched for Postal Life Insurance & Rural Postal Life Insurance through IPPB Mobile Banking App at the doorstep with the help of Gramin Dak Sevaks/ Postman and at Post Office Counters.
Source: The post is based on the article “Digital payment facility for PLI & RPLI through IPPB Mobile Banking App & Micro-ATM launched by Secretary, Department of Posts” published in PIB on 30th May 2022.
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