Kisan Vikas Patra (KVP) Re-Introduced
Kisan Vikas Patra (KVP) is being re-introduced to encourage
people, who may have banked and unbanked savings to invest in this instrument.
Announcing this during his maiden Budget Speech in the Lok Sabha today, the
Finance Minister Shri Arun Jaitley said that KVP was a very popular instrument
among small savers and is being re-introduced to promote saving.
New Delhi, July 10
: Huge amounts of “money lying unused in postal schemes” will
be utilized especially for the welfare of senior citizens, Finance Minister Arun
Jaitley said
Thursday.“A large number of money is lying unused in postal schemes… I propose
to set up a committee to examine how this can be utilized,” he said while
presenting his maiden budget. ”The committee will give its report in
December,” he added.
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