Two months ago, the state government had assigned the postal department, instead of the LIC, to implement its flagship programme Bhagyalakshmi scheme as the interest rate of the LIC was low.source https://economictimes.indiatimes.com/industry/banking/finance/insure/lic-asks-karnataka-govt-to-retain-it-as-the-bhagyalakshmi-scheme-implementing-agency/articleshow/79867070.cms
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