financial inclusion

April 30, 2026 6:51 PM

India Post Payments Bank launches zero-balance SHG savings account to boost rural women’s financial inclusion

India Post Payments Bank (IPPB) on Thursday launched a dedicated Self Help Group (SHG) savings account, aimed at strengthening financial inclusion and empowering women-led groups across rural India. The new offering, introduced by the government-owned payments bank under the Department of Posts, is designed to provide SHGs with a simple, zero-cost banking solution, enabling them to integrate more effectively into the formal financial system. Announcing the launch, IPPB Managing Director and CE...

January 8, 2026 12:42 PM

Department of Posts, Rural Development Ministry sign MoU to boost financial inclusion and livelihoods in villages

In a step towards accelerating rural transformation, the Department of Posts (DoP) and the Ministry of Rural Development (MoRD) on Wednesday signed a Memorandum of Understanding (MoU) to strengthen financial inclusion, promote livelihoods and enhance logistics and digital services for Self-Help Groups (SHGs) and rural households across the country. The MoU was signed in the presence of Union Minister for Communications and Development of North Eastern Region Jyotiraditya M. Scindia and Union Mi...

September 1, 2025 4:36 PM

India Post Payments Bank marks 8th foundation day

India Post Payments Bank (IPPB) today celebrated its 8th Foundation Day, also known as IPPB Day, reaffirming its commitment to providing inclusive, accessible and affordable banking services at the last mile. Since its launch in 2018, IPPB has become one of the world’s largest financial inclusion initiatives, leveraging the reach of over 1.64 lakh post offices and 1.90 lakh Postmen and Gramin Dak Sevaks (GDS). The Bank has on-boarded more than 12 crore customers, processed billions of digital...

August 7, 2025 1:35 PM

India’s financial inclusion gains momentum: Report

The foresight to build a financially empowered India, taking banking beyond branches, is making it a success. From remote to urban areas, a wave of change is noticeable across the country with an inclusive financial system. Bank accounts, credits, pensions, and insurance, which were once a luxury for some, are now accessible to all. According to data released by the Reserve Bank of India (RBI), the accessibility of financial services, products and financial literacy has been on the rise. The ...

August 5, 2025 2:09 PM

PM Modi shares article on 11 years of Jan Dhan Yojana: bridging the banking gap for the poorest

Prime Minister Narendra Modi on Tuesday shared an article highlighting how the Pradhan Mantri Jan Dhan Yojana (PMJDY) has transformed access to financial services for India's poorest over the past 11 years. Calling the initiative a milestone in promoting dignity, self-reliance, and economic inclusion, the Prime Minister said that the scheme had bridged the longstanding gap between banks and the unbanked population. “Pradhan Mantri Jan Dhan Yojana has transformed access to financial s...

June 15, 2025 2:59 PM

FM Nirmala Sitharaman takes stock of financial inclusion schemes in Ladakh

Finance Minister Nirmala Sitharaman on Sunday visited an exhibition of local handicrafts and handloom products by Self Help Groups (SHG) and local entrepreneurs of the Ladakh region. She interacted with artisans, women-led SHGs and local entrepreneurs showcasing traditional crafts, handloom textiles and sustainable innovations at their stalls. The Finance Minister appreciated the entrepreneurial spirit and creativity of the artisans, highlighting their role in preserving cultural heritage and ...