SHILLONG: Along with rest of the country, India Post Payments Bank (IPPB) was formally launched by the Governor of Meghalaya Tathagata Roy here in the city on Saturday.
Speaking on the occasion, Tathagata Roy said that IPPB is another scheme which’s benefits will bring Government closed to the people.
He also lauded the Prime Minister, Narendra Modi saying he throughout his tenure has concentrated on bringing out schemes which will bring the government closer to the people especially digital means.
Stating that the scheme will bring the benefits of banks closer to the last person in the remotest village, he also said that as India was an under banking country, many distortions had crept in with chit funds and ponzi schemes where poor and illiterate people had been duped.
Meghalaya which comes under the North East Postal Circle, there are two Head Post Offices, 68 Sub Post Offices and 422 Branch Post Offices, out of which IPPB Branches have been set up in both Head Post Offices (Shillong GPO and Tura HO) and six Sub Post Offices with Access Points at nine Sub Post Offices and 23 Branch Post Offices.
With IPPB in place, people in the rural area will be able to avail digital banking and financial services, including money transfer, to any bank account either with help of mobile app by visiting a post office.
South Shillong, MLA Sanbor Shullai and other officials of the North East Postal Circle were present in the function.
