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T.S.R. Subramanian Task Force Submits Report on Leveraging the Post Offices Network of the Country
Dec 08, 2014

A 10-member Task force headed by former Cabinet Secretary T.S.R. Subramanian submitted its Report on leveraging the post offices network of the country. The task force had suggested setting up of three subsidiaries as a part of a holding company under the Postal Department under the Ministry of Communication and Information Technology for extending services in the fields of banking, insurance and e-commerce.

In all five subsidiary companies will be called Strategic Business Units (SBU). Two other subsidiaries are for distribution of third party products and services like providing e-services for general public for bill collections and providing of application forms, documents and certificates on commercial basis. Another subsidiary is for delivery of government services like Aadhaar, ration cards, Vikas patras, etc. on agency basis.

It was also proposed that each SBU will have a separate independent board to operate commercially as  a  profit  centre. Each one of the SBU over the time may go for public participation through public issue. It was proposed that a new postal law may be enacted to give statutory basis for these operations.

According to the Chairman of the Task Force T.S.R. Subramanian, as banking and financial services are not available in most of over six  lakh villages of the country, it was felt that a Post Bank of India which is professionally organized should contribute for a financial inclusion of the rural poor.  He pointed out that State Governments are also keen on the prospects of implementation of the recommendations of this Task Force.


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