India Post mops up Rs.274,720 crore in 2011

November 23rd, 2011 - 9:08 pm ICT by IANS  

New Delhi, Nov 23 (IANS) The Indian Post through its offices collected Rs.2,74,720 crore during 2010-11 in small savings schemes, an increase of 8.78 percent over Rs.2,50,931 crore during the previous year, the Lok sabha was told Wednesday.

“The gross collection under various small savings schemes of Post Office during 2009-10 and 2010-11 were Rs.2,50,931 crore and Rs. 2,74,720 crore (provisional) respectively,” Minister of State for Communications and IT Sachin Pilot said in a written reply.

“The gross collection has registered an increase of 8.78 percent, as compared to the previous year’s collections,” it added.

Pilot also said that the central and state governments take various measures from time to time to promote and popularise small savings schemes through print and electronic media, seminars, meetings and providing training to various agencies involved in mobilising deposits under these schemes.

Replying to another question, Pilot said that 24,015 Post Offices have been computerised, while 1,530 post offices have been given a face lift and upgraded under “look and feel” component of Project Arrow.

The minister also said that during 2010-11, Rs.244.64-crore fund was allocated for the project while Rs.88.38 crore has been allocated for 2011-12.

For 2008-09 and 2009-10, Rs.228.50 crore and Rs.178.01 crore were allocated under the same project.

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