KVP aims at raising savings, Modi Government focusing on money collection through out from Indian as well as International market for better development in India. This kind of scheme is being launched to all Indian origin to get attract more investors. Kisan Vikas Patra resumed by Finance Minister Arun Jaitley at Delhi.
Government aiming to motivate investors that’s why they resumed KVP again in Indian Economy.
New KVP Features :
-) The amount will be doubled to 8 years and 4 months
-) There is no limit in investment
-) at least Rs 1,000 can be invest in Kisan Vikas Patra
-) The annual interest rate is 8.7 per cent of scheme
-) You may not carry interest in Two and a half years
-) This facility was not only far post but the bank is also available now
However, savers would not get any tax benefit for their investment in KVP