Around
50 companies including global banking institutions, like the World Bank,
Deutsche Bank and Barclays,
have expressed eagerness to be associated with the Centre's postal payments
bank initiative, Union Minister Ravi Shankar Prasad said
today
"We
will begin postal payments banking service from September 16, wherein 1.3 lakh
postmen will be given hand-held devices, a moving ATM to provide banking
services, insurance,
money-order, as well as third-party service," Information Technology Minister
said after inaugurating an incubation centre at the Software Technology Parks
of India (STPI) here.
"Some
50 companies, including World Bank, Deutsche Bank, Swiss Bank, Barclays, want
to be associated with us," said the senior BJP leader.
The Union
Cabinet in June had cleared the proposal for postal payments
banks with a corpus of Rs 800 crore. The proposal is to set up 650
branches of postal payments banks.
Prasad
said his ministry is taking up several initiatives to use IT and related
services to improve the services, and asked IT experts to use government
services through the STPI to innovate in this
direction.
"We
will also begin virtual classroom facility so that
we can use technology to offer better education through
virtual classrooms. As a pilot project, 3,500 government schools will be given
the facility, of which 770 schools are from Gujarat," Prasad added.
Source:-The
Economic Times
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