Aim of Kisan Vikas Patra - Polity & New Initiatives by Govt.

Q.  The Kisan Vikas Patra (KVP) scheme has been relaunched with the aim of
- Published on 07 Aug 15

a. Scheme to provide credit to farmers for agricultural land development
b. Tapping household small savings for funding infrastructure development
c. Scheme for farmers to invest in agricultural infrastructure development
d. Scheme to provide credit to farmers for mechanization of agriculture

ANSWER: Tapping household small savings for funding infrastructure development
 
Amount invested in Kisan Vikas Patra (KYP) doubles in 100 months at the present rates. The certificates can be purchased by an adult for himself or on behalf of a minor or to a minor. It can also be purchased jointly by two adults. Kisan Vikas Patra (KYP) has been reintroduced and is available in Post Offices. In future, DVP will be available in banks which are/will be authorized for handling small savings schemes. Initially it was started in 1988.

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