Post Office loans too

11-postofficeThe Central Government has already started the process of conversion of post offices into banks for raising the postal revenue apart from providing banking services and by August ending RBI may issue lending license. Loans to the tune of Rs 25,000 to small traders in addition to transport of letters will be taken up by the post offices. The Centre has strengthened the Investment Board to help promote postal revenue. Currently pensions and payments of labour wages are made through post offices.

Medaram Jathara

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