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Year End Review 2018 : Department of Posts

Written By Easy Life on Thursday, January 10, 2019 | 1/10/2019 10:04:00 AM



Highlights and Achievements 
  • Average annual Speed Post revenue more than doubled – from Rs. 788 crores between 2006-14 to an average revenue of Rs. 1,682 crores between 2014-18.
  • Revenue of Rs. 415 Crores from the e-Commerce business in 2017-18, with a growth of more than 20% over the previous financial year.
  • Established a separate Parcel Directorate, in order to focus on this growing business segment; 42 parcel centres and 242 nodal delivery centres have already been established to handle increased volume of consignments.
  • Launched at all 650 IPPB branches co-located in District HQ Post Offices along with 1,01,173 Access Points.
  • IPPB will offer a 360-degree financial services suite across multiple channels – to benefit the unbanked and under-banked
  • IPPB Stats (between 1st Sep 2018 and 1st Jan 2019):
    •    Total Accounts Opened:20.11 Lacs
    •    Cumulative Value of Transactions: INR 561 Crores
    •    Cumulative Volume of Transactions:  12.87 Lacs
  • 995 DoP ATMs are now inter-operable with other Banks.
  • Sukanya Samridhi Scheme: Out of total 1.52 Crores enrolments, 1.31 crores done through Post Offices
  • Aadhar Enrolments & Updation Centres have been made functional in 13,352 Post Offices across the country till date; more than 8 Lakh enrolments and 29 lakh updates have already been completed in these centres
  • 254 Post Office Passport Seva Kendras (POPSKs) started across the country in collaboration with the Ministry of External Affairs – to provide passport services through POPSKs/PSKs in each parliamentary constituency; more than 17.5 lakh passport appointments have already been processed in these POPSKs.
  • Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) – insurance products from the DoP, with the unique feature of ‘low premium, high bonus’; renewed drive to extend the benefits of these products to promote financial inclusion in the country
  • Total Assets Under Management (AUM) (including GOI Special Securities/Floating Rate Bonds) in PLI and RPLI increased by 2.0 times between March 2014 and September 2018 – from Rs. 25,856 crores to Rs. 93,068 crores
  • Benefits of Postal Life Insurance (PLI) are no longer limited to Government and Semi-Government employees; this facility is now also available to professionals (teachers, lawyers, engineers, doctors, CAs) and employees of listed companies of NSE and BSE
  • Under Sampoorna Bima Gram Yojana, at least one person insured from each household in 2,529 villages nation-wide; 10,000 villages targeted by March 2019
  • A philately scholarship scheme called Deen Dayal SPARSH (Scholarship for Promotion of Aptitude &Research in Stamps as a Hobby) Yojana was introduced in November, 2017 to promote Philately among children; under the scheme, 920 scholarships will be given every year to school-children who demonstrate interest in philately. This year as of now 83,861 students have applied under the Scholarship Scheme.
  • Department of Posts has been issuing stamps on people centric themes. Some of the themes on which stamps have been issued recently are – Ramayana, Mahabharata, Indian Cuisine, Solar System, Safdarjung Hospital etc.
  • Circular Postage Stamps to mark the commencement of 150th Birth Anniversary celebrations of Mahatma Gandhi were issued by Prime Minister Shri Narendra Modi on 2nd October 2018. This is the first time in the history of Independent India that Circular Postage Stamps have been issued.
  • Technology investments in the Department have increased from Rs. 434 crores between 2010-14 to about Rs. 1087 crore (upto Sep, 2018) between 2014-18.
  • More than 1.29 lakh SIM based handheld devices are in use by Gramin Dak Sewaks in Branch Post Offices.
  • 5.21 crore transactions have been processed successfully on National Automated Clearing House (NACH) platform since December 2016, handling more than Rs. 3,904 crores
  • Postman mobile application has been introduced to update the delivery information of accountable mail, including cash on delivery, on a real time basis

Source : http://pib.nic.in/PressReleseDetail.aspx?PRID=1559308
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