India Post Payments Bank (IPPB) and Hindustan Zinc Limited (HZL) signed an MoU to enhance financial inclusion in rural Rajasthan. The collaboration aims to bring financial services to 3.5 Lakhs+ beneficiaries including SHG women, farmers, and youth.
Key Objectives of the Collaboration
- Provide easy access to opening bank accounts, pension products, savings, and investment schemes.
- Empower beneficiaries to become Individual Business Correspondents for IPPB services.
- Promote government social welfare schemes and facilitate income-generating loans.
Statements from Key Figures
- Mr. Gursharan Rai Bansal, Chief Sales & Marketing Officer, IPPB, emphasized the significance of serving CSR beneficiaries.
- Mr. Arun Misra, CEO, Hindustan Zinc, highlighted the commitment to empowering communities and redefining financial inclusion.
Services Provided by IPPB
- Financial inclusion services such as bank accounts, pension products, and investment schemes.
- Support for beneficiaries to become Individual Business Correspondents.
- Promotion of government social welfare schemes and assistance in availing income-generating loans.
Commitment to Last-Mile Delivery
- IPPB reaffirms its commitment to reaching the last mile with digital banking services.
- Hindustan Zinc demonstrates its dedication to social responsibility and sustainable development in the regions it operates.
About India Post Payments Bank
- Established under the Department of Posts, Ministry of Communication, with 100% equity owned by the Government of India.
- Launched on September 1, 2018, with a vision to build the most accessible, affordable, and trusted bank for the common man in India.
About Hindustan Zinc
- A Vedanta Group company in Zinc-Lead and Silver business, ranked as the world’s 2nd largest integrated Zinc producer and 5th largest Silver producer.
- Governs about ~80% of the growing Zinc market in India with headquarters in Udaipur and operations spread across Rajasthan.