Which scheme supports financial services through postmen?

Question

Which scheme supports financial services through postmen?

1. A. NSAP
2. B. IPPB (Correct answer)
3. C. PMJAY
4. D. PRAGATI

Correct Answer

Option B — IPPB

Detailed Solution & Explanation

The correct answer is IPPB.

Key Points

• India Post Payments Bank (IPPB) was launched on 1 September 2018 under the Department of Posts, with the Government of India holding 100% equity.
• Its distinguishing feature is doorstep banking through postmen and Gramin Dak Sevaks, who carry biometric devices to villages, which is exactly what the question describes.
• As a payments bank it may accept deposits (capped per customer) and offer remittances, AEPS and bill payments, but it cannot lend or issue credit cards.
• The distractors are unrelated: NSAP is social-assistance pensions, PMJAY is health insurance under Ayushman Bharat, and PRAGATI is the PM's project-monitoring platform.

Additional Information

• Payments banks may accept deposits up to a per-customer limit and offer remittances and payments, but cannot lend or issue credit cards; small finance banks, by contrast, can lend.
• IPPB works alongside the Post Office Savings Bank, and both draw on the postal network of over 1.5 lakh post offices, the majority rural.
• Related financial-inclusion initiatives: PMJDY (zero-balance accounts), AEPS (Aadhaar-enabled payments), PMJJBY and PMSBY (insurance) and APY (pension).

प्रश्न (हिन्दी में)

कौन सी योजना डाकियों के माध्यम से वित्तीय सेवाओं का समर्थन करती है?

1. A. NSAP
2. B. IPPB
3. C. PMJAY
4. D. PRAGATI