Question: As per the National Savings Institute which state is second highest contributor in small saving schemes?
a) West Bengal
b) Uttar Pradesh
c) Madhya Pradesh
d) Tamil Nadu
Ans: b
Facts
- According to data released by National Institute of Saving which operates under ministry of finance, West Bengal is the top contributor to the various National Savings Schemes offered by the governments at state as well as central level.
- West Bengal has highest collection of about Rs 90,000 crore from small savings schemes such as NSC and PPF among the states and union territories, which is about 15 per cent of the total corpus.
- West Bengal is followed by Uttar Pradesh with a collection of Rs 69,661 crore which is 11.68% of the corpus.
- Maharashtra was ranked third. The state of Maharashtra contributed 10.57%, which is Rs 63,026 crores.
- What are Small Savings Schemes?
- The Small Savings Schemes consist of twelve instruments. The major Small Savings Schemes are as follows:
- National Savings Certificate
- Public Provident Fund
- Kisan Vikas Patra
- Sukanya Samriddhi Scheme
By kameshwar shukla