Govt to revive small savings

Kharagpur (WB)
7 Jul 2017

The Union government wants to revive small savings as it is currently not as robust as it should be, Minister of State for Commerce & Industry, Nirmala Sitharaman said here on Friday. "Small savings is backbone of the economy. Small savings is not as robust as it was always. We want to revive it," Sitharaman said.
She, however, did not elaborate on how the government was planning to revive the small savings scenario when interest rates are slipping gradually.