In his maiden budget Sri. Arun Jaitley, Minister of Finance declared that Government is proposed to relaunch Kisan Vikas Patra to promote small savings.
Press Information Bureau
Government of India
Ministry of Finance
Government of India
Ministry of Finance
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.
Source: PIB release dated 10.07.2014.
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