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Small
Savings constitute a
major resource to
execute welfare
activities of the
Government.
The Directorate
of Small Savings
is mainly
concerned with
the promotion of
various Small
Savings Schemes
formulated
by Government
of India. |
Small Savings
Schemes are implemented
through the Department
of Posts, and 15 year
Public Provident Fund
Scheme is implemented
through Head Post
offices as well as
Banks. Deposit Scheme
for Retiring Government
Employees / Deposit
scheme for Retiring
Public Sector Employees
which also comes under
Small Savings Schemes
are implemented through
State Bank of India in
all District Head
Quarters.
OBJECTIVES
100% of the net
collections under Small
Savings is returned to
the State by the
Government of India as
long term-soft loan. The
long repayment schedule
makes it an excellent
resource of the State
for investment in
improvement /
development of
infrastructure like
Power, Ports, Roads,
Telecom facilities,
Drinking water,
Sewerage, Hospitals,
Schools etc. In order to
increase the resources,
the State Government is
taking all efforts to
mobilise Savings.
In
the present financial
market, where a large
number of private
financial companies have
disappeared, Small
Savings offer the best
and safest avenue of
investment of household
savings. Small Savings
scrips not only yield
high returns, but also
are guaranteed by
Government and thus
completely secure.
SMALL SAVINGS SCHEMES
AT A GLANCE
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