Image Source : X Budget 2025 speech
Budget 2025: Finance Minister Nirmala Sitharaman, while announcing Budget 2025, said India Post will be transformed into the large public logistic organisation with 1.5 lakh rural post offices to become a catalyst for the rural economy. With the support of India Post Payments Bank and 2.4 lakh dak sevaks, it aims to become a catalyst for rural logistics and development.
“India Post will also be transformed as a large public logistics organisation. This will meet the rising needs of Vishwakarma, new entrepreneurs, women, self-help groups, MSMEs, and the larger business organisations,” said Sitharaman. Furthermore, the Finance Minister also announced that more than 100 branches of India Post Payment Bank will be set up in the North East region to expand the banking services.
India Post to be turned into large logistic firm
Presenting the 14th consecutive Budget under the Narendra Modi-led government since 2014, the finance minister said the government will transform India into a large logistics organisation with 1.5 lakh rural post offices.
Last year, the finance minister announced the establishment of over 100 branches of India Post Payments Bank (IPBB) in Northeast India. Additionally, Union telecom minister Jyotiraditya Scindia stated that the government aims to transform India Post into a logistics company and increase the department’s revenue by 50-60% over the next 3-4 years.
Budget 2025
The Budget Session 2025 of Parliament commenced on Friday, January 31, with President Droupadi Murmu’s address to both Houses. According to the Parliamentary Bulletin, the Budget Session will be in two phases- the first session will begin along with the presentation of the Union Budget on February 1 and will conclude on February 13; the second part of the session will commence on March 10 and will conclude on April 4.
