Indian Post franchise Scheme | post office franchise Scheme | How to apply for post office franchise scheme | Documents required for post office franchise Scheme |India Post Franchise | Franchise scheme - post office |
The Department of Post is also known as the Indian Post is a government entity that has been the backbone of the country’s communication and has played a crucial role in the country’s social-economic development for more than 150 years. It touches the lives of Indian citizens in many ways like delivering mails, providing life insurance cover under Postal Life Insurance (PLI), providing retail services like bill collection, accepting deposits under Small Savings Schemes, and Rural Postal Life Insurance (RPLI) and sale of forms, etc. PM tractor Yojana
You don't have much money to invest in a new business?
Then the Indian Post franchise is for you, To meet this demand India post had introduced the franchise scheme through which the counter services are to be franchised, while delivery and logistics will be continued by the Indian postal department. The franchisee will provide service across the counter for a minimum defined time schedule i.e minimum of 8 hrs with the flexibility to work round the clock.
Objectives of the Post office franchise Scheme
Even though India has the largest postal network in the world, with over 1.55 lakh post offices, which also include 89% in the rural area, there continues to be a constant demand for post offices in several areas. There is a constant demand from customers to open more post offices, especially in newly developing urban Areas and in developing panchayats. To expand Post office to every corner of India. There are two models
- Providing over the counter services through franchisee outlets, while the logistics and delivery would be handled by the Indian post.
- Sale of postal staps and stationary through postal agents in rural and urban areas.
Services and products provided in Indian Post office franchise Scheme
Indian post provides various products and services so that you can earn by selling those products and services.
- Sales of stationery and stamps can be sold in the franchise.
- Booking speed post articles, registered articles, money orders,e-post, etc can also be done.
- The model has enough flexibility built in to allow a wide range of services that can be extended through the outlets based on the needs or demands of the customers, and to increase the range when it is found necessary accordingly.
Special Training
The Training will be given on the introduction to the basic procedures, objectives, products/services, upkeep of the premises and customer care will be part of the induction training of the franchisees. The guidance will be given by the Sub-Divisional Inspector of the area and constant monitoring will also be there. A franchise would be able to transact postal business on computers as well. PM Kanya Ashirwad Yojana
Eligibility of Indian Post office franchise Scheme
If you wish to open a new franchise, you need to submit an application form as prescribed by the Indian post. The franchisee would be required to sign in an MoA(Memorandum of understanding agreement) with the Indian postal department for a certain period of years. These are some of the important criteria
- Should be an Indian citizen and above 18 years
- Should have completed a minimum of 8th standard from a recognized institution.
- Family members serving in the postal department aren't eligible to apply
- Should have a place to operate this operation.
- A minimum Rs.5000 security deposit is required, This can vary from place to place and from daily operation. SBIMF
How to Apply for Post office franchise Scheme
The applicant should follow the following procedure to get the franchise
Step 1
You need to take the application from the postal office or you can download from "Click here"
Step 2
The applicant should submit the application in the format prescribed by the postal department along with copies of the detailed proposal including details of the operations of the franchise outlet.
Step 3
If the application gets selected, the applicant should sign in the Memorandum of Agreement with the
Postal department.
Step 4
A detailed report should be submitted on the operations of the franchise
Step 5
The section is done by the Divisional head within 14 days from the date of application.
Income from Post office franchise Scheme
There will be a commission for the sale and services of Indian post products as described by the postal department On becoming a member of Post office franchise, The commission rates are as follows
- 5% commission on the sale of postal stamps, money order forms, and other stationery products.
- Rs.3.5 per money order booked irrespective of the amount
- 20% extra commission on the booking 1000 or more speed post, registered post, or both booked.
- Rs.2 per speed post article booked.
- Rs.2 per registered post article booked.
Official website of Indian post office franchise
- https://www.indiapost.gov.in/VAS/Pages/Content/Franchise_Scheme.aspx
For Official notification of Indian post office franchise scheme
visit: https://www.indiapost.gov.in/VAS/DOP_PDFFiles/Franchise.pdf
FAQ's
Education qualification to get Indian post franchise
- You are only required to show 8th pass certificates to get the franchise
The amount required to get Indian post franchise
- You are required to deposit a security deposit of Rs.5000 after awarding the franchise.
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Topics covered
Indian Post franchise Scheme, How to Apply for Post office franchise Scheme, Objectives of the Post office franchise Scheme, Special Training, Income from Post office franchise Scheme, Eligibility of Indian Post office franchise Scheme, Documents required for post office franchise Scheme
Indian Post franchise Scheme - Eligibility, Documents required, How to apply.
Reviewed by JD
on
August 08, 2020
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Reviewed by JD
on
August 08, 2020
Rating:
