Department of Posts Targets 30% Revenue Growth to ₹17,546 Crore by FY26: Scindia

• Union Communications Minister Jyotiraditya Scindia announced the Department of Posts aims for ₹17,546 crore revenue by FY26, a 30% increase from FY25's ₹13,240 crore.
• Four out of six verticals showed revenue growth, while mail and international mail remained static due to US government restrictions.
• The department seeks to transform from a cost center to a profit center within 4-5 years.
• Post Office Savings Bank revenue grew 7% to ₹5,426 crore, PLI/Rural PLI by 11% to ₹1,030 crore, and parcels by 12% to ₹485 crore.
• Revenue from citizen-centric services nearly doubled to ₹641 crore, contributing to a 9% overall growth in the first three quarters of the current fiscal.

Why It Matters: Department of Posts targets significant revenue growth and aims to become a profit center by FY26.