India’s unemployment crisis is not concealed from anyone. With millions of people striving for better jobs, it’s much riskier to become an entrepreneur. Since government jobs are not easy to get, here is a business idea which can help you earn a living by cooperating with a government institution.
Being the largest post office network, Indian Post Office facilities are easily available everywhere. You can avail of facilities such as opening a small savings account, sending money orders, stationary and stamps. However, the government is planning to expand the facilities of the post office by introducing the Post Office Franchise scheme.
Currently, there are more than 1.5 lakh post offices across India yet many areas are deprived of post office facilities. Considering the thought, India Post has initiated this scheme of giving a Franchise Scheme to the Post Office. This scheme can help you create a sustainable business model and also generate some good earnings. Let’s check out some of the important concerns about this scheme. What is the Post Office Franchise Scheme?
According to this scheme, a post office provides the facility of two types of franchises: a franchised outlet and a franchisee of postal agents. You can opt for any of these franchises. Under outlet franchisee, it can be generally opened in areas without post offices, whereas Postal Agents franchises have agents who deliver stationary door-to-door and postal stamps in rural and urban areas.
How to apply for the Indian Post Office Franchise Scheme?
You have to apply for a post office franchise via the official website of India Post. Then, you will have to download the form from the website. After downloading, you should fill out and submit it. Further, you should read the India Post notification carefully, and understand the terms and conditions before applying. Later, once you are selected, you will have to sign an MoU(Memorandum of Understanding). Thereafter, you’ll be eligible to serve the customers.
Are you eligible for the Post Office Franchise Scheme?
Although the eligibility criteria for the Post Office Franchise Scheme are simple, given below are the conditions that need to be fulfilled.
- The applicant’s age should be minimum of 18 years.
- None of his or her family members should be working in the India Post Department.
- He or she must have studied till 8th from a recognized school.
How much would the franchise cost?
Outlet franchisee is relatively cheaper than postal agent, as it mostly involves servicing. Contrastingly, postal agents are expensive because more money is spent on purchasing stationery items. If you want to open a post office outlet, you must have a minimum area of 200 square feet. Also, five thousand rupees should be deposited as a security amount. India’s unemployment crisis is not concealed from anyone. With millions of people striving for better jobs, it’s much riskier to become an entrepreneur. Since government jobs are not easy to get, here is a business idea which can help you earn a living by cooperating with a government institution the largest post office network, Indian Post Office facilities are easily available everywhere. You can avail of facilities such as opening a small savings account, sending money orders, stationary and stamps. However, the government is planning to expand the facilities of the post office by introducing the Post Office Franchise scheme.
Currently, there are more than 1.5 lakh post offices across India yet many areas are deprived of post office facilities. Considering the thought, India Post has initiated this scheme of giving a Franchise Scheme to the Post Office. This scheme can help you create a sustainable business model and also generate some good earnings
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