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Objectives ~ Message from
CM ~ Achievement The money invested in the National Savings Schemes become available resources for development to the State Government 80% of the net collections in a year in the State Government. The State Government, therefore, take keen and active interest for the promotion of the movement as also of the savings schemes. About Savings Savings has an important place in the mobilisation of resources for development expenditure because the investors would not only get back their money but also same and they would, therefore, prefer to lend money in this way instead of paying it as out right tax. Further, in a developing sectors, to the extent that the savings are tapped, the money available for circulation is taken away and to that extent pressure on prices and inflationary trends is reduced. So, therefore, savings have got a very important role to play in the sphere of economy. |
