Transcript Rural Development and India Post

Rural Development and
India Post
Anurag Priyadarshee
Director (Rural Business), India Post
29 October 2010
India Post Network
• Total number of post offices: 154,979
• Post offices in rural India: 139,182
• Average area served per post office: 21.2 sq
km (145.59 sq km for China and 259.25 sq km
for USA)
• Average population served per post office:
7,174 (8,029 in case of USA and 19,962 in case
of China)
Reach of India Post
• Rural Financial Access Survey (World Bank
2004): Post office branches in India are in the
closest proximity (2 km on average) to rural
clients compared to branches of commercial
banks, regional rural banks and cooperatives
(5 km on average)
Strengths of India Post Network
• Rural post office personnel drawn from local
communities
• Trusted by the local people
• Have valuable information capital on the local
communities
• Even the last person at the remotest village is
within the reach of India Post
• Rich experience of delivering financial and retail
services in addition to the mail operations
Leveraging the Network
• Case of Widow Financial Assistance in Gujarat
• Identification of ineligible beneficiaries. Survey in
Gujarat by India Post in 2002 revealed that out of
130,187 women drawing the assistance, 10,353
did not fulfill the eligibility criteria.
• The scheme implemented for the eligible widows
in April 2003. Post offices opened savings
accounts of all eligible widows. Financial
assistance is being directly deposited in these
accounts.
Wage Disbursal under MGNREGS
No. of NREGS accounts
As on 01.04.2009
As on 01.04.2010
As on 01.10.2010
2.92
4.25
4.63
Period
Amount Disbursed
During the year 2008-09
Rs. 3,863 Crores
During the year 2009-10
Rs.7,900 Crores
During the year 2010-11
(April 2010 to Sep 2010)
Rs. 6,539 Crores
Rural CPI Data Collection
• Current Price Index does not cover all segments
of population
• No separate Price Index for rural areas
• Ministry of Statistics approached India Post
considering it as the only agency that can collect
data at all representative rural areas including
remote and largely inaccessible areas
• Data are being collected for 1181 villages
throughout the country by India Post
NABARD–SHG-Post Office
Linkage
• Disbursal of microcredit to Self Help Groups through
Post Offices financed by NABARD
• Implemented in five districts in Tamil Nadu since
December 2006
• Accounts of the SHGs are opened in the Post Offices
• Local postal personnel rate the SHGs, help them in
filling up loan application forms and extend loans
• Risk of non-repayment is borne by NABARD
• No default noticed so far
Indira Gandhi National Old Age Pension Scheme
01.04.2009 to 31.03.2010
01.04.2009 to 31.03.2010
KTK
9759149
3615889500
180794475
21
74400
KER
7416
5842246
292162
Nil
Nil
M.P.
42568
21388371
1081599
344481
223191768
MAH
5644
5517186
279364
49050
165815054
25782
49329972
2573089
5449
5481050
ORI
Nil
Nil
Nil
8467
6855800
PUN
Nil
Nil
Nil
Nil
Nil
RAJ
3369498
2089170923
131447822
12870
1467100
T.N.
14113721
4341407042
277568573
389
101960
U.P
Nil
Nil
Nil
Nil
Nil
UTK
11573
48065520
2403276
36696
163659600
W.B
Nil
Nil
Nil
213708
27970193
10511060460
765493132
2822239
NE
Total
-6888742766
Rural Postal Life Insurance
Year
Number of policies
issued
Sum assured (Rs. in Average sum
crores)
assured per policy
(in Rs.)
2004-05
13,35,847
7,207.97
53,958
2005-06
14,43,818
8,822.87
61,108
2006-07
12,68,826
11,165.98
88,002
2007-08
12,00,582
9,644.30
80,330
2008-09
9,26,361
8,732.78
94,270
Rural ICT Programme
• Plan to connect all the post offices including
those in rural areas on appropriate ICT
platform by September 2012
• Field testing is planned in November 2010
• Adequate financial resources have already
been provided to India Post
Thank you