Indian Government has done a legendary move for the betterment of middle class and lower middle class of the nation, as ‘Kisan Vikas Patra’ has been re launched again on November 18th 2014. The scheme is expected to reduce financial crimes, fraudulent schemes and investing on Gold because this new plan is offering a scintillating […]
Indian Government has done a legendary move for the betterment of middle class and lower middle class of the nation, as ‘Kisan Vikas Patra’ has been re launched again on November 18th 2014.
The scheme is expected to reduce financial crimes, fraudulent schemes and investing on Gold because this new plan is offering a scintillating promise of ‘Double Money’ in 100 months.
The percentage of savings rate in the country has been declined from 36% to 30% in the last three years, and this new initiative from the Government is expected to bring about a change in this arena.
During his speech on Kisan Vikas Patra re launching program, Financial Minister Arun Jaitley emphasized on increasing the vitality of savings in the nation.
He hopes that the savings of common man can be utilized in the future for the nation building process. Check all the schemes and rules at the official website here.
There will not be any upper limit for investment in the Kisan Vikas Patra. The minimum amount to enroll in the plan is 1000 INR, and this makes this plan suitable for people from all classes of the society. The amount can be encashed after 30 days lock in period.
Earlier, during the budget speech in July, Arun Jaitley, the honorable Financial Minister of the nation had hinted about the re introduction of Kisan Vikas Patra.
He is quite confident about the success of this plan, and his statement clearly symbolizes this confidence. “Kisan Vikas Patra will safeguard small investors from falling in the clutches of fraudulent schemes”, said the statement.
The Narendra Modi Government with the re launch of this new plan are trying to grab the hearts of the common man in the most elegant manner.
The Pradhan manthri Dhan Jan Yojana is opened in a positive note, and as of now, more than eight crore people have started account in various banks.
The certificates of Kisan Vikas Patra will be issued through Post Offices, and if the account holder is shifting his place, he can change the post office for payment without any hassles.
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