Lok Sabha Question No. 3614 (UNSTARRED), answered on 2018-03-16
Subject: Small Saving Schemes
Ministry: FINANCE
Asked by: Richard Hay, George Baker, ANIL SHIROLE, SUSHIL KUMAR SINGH, R. GOPALAKRISHNAN, PARBHUBHAI NAGARBHAI VASAVA

No.3614

PROF. RICHARD  HAY SHRI GEORGE  BAKER SHRIANILSHIROLE SHRI SUSHIL  KUMAR  SINGH SHRI R. GOPALAKRISHNAN SHRI PARBHUBHAI

## . Government of India Ministry of Finance ,

## Department of Economic  Affairs

## LOK SABHA

## UNSTARRED QUESTION N0.3614 TO BE ANSWERED ON FRIDAY  16^ March.  2018

## "SMALL  SAVING  SCHEMES"

NAGARBHAI VASAVA

Will  the Minister  of FINANCE be please  to state:-

- (a) the  details of  the  number of  Small Saving Schemesoperational along with their subscribers across  the country,  State/UT-wise including Kerala,  West Bengal,  Maharashtra;
- (b) the  time  by which  the  Government is  likely  to implement the  proposed amendments/changes in the Small  Savings  Schemes;
- (c) whether  the Government proposes to increase the  number  of beneficiaries under  Public  Provident Fund (PPF) and to include  such  persons  under  PPF deprived by their  employers;
- (d) if so, the details  thereof  and the steps  taken  in this  regard;  and
- (e) whether  the Government has devised any mechanism to protect  the small  savings  of poor  people who invest  their  savings in  the fake  savings scheme  particularly in  rural  areas,  if so, the  details thereof?

## ANSWER

## MINISTER OF  STATE  IN THE MINISTRY  OF FINANCE (SHRI  P,  RADHAKRISHNAN)

- (a) Sir,  the  State/UT-wise details of  number pf  accounts under Small Savings Schemes are attached as Annex.-I and Annex.^2.
- (b) No time  limit  has been  set in this  regard.
- (c)  & (d) The Public  Provident Fund  Scheme  is a deposit  scheme  and  available to every  citizen of  India.
- (e) The Government of India  has taken  various  steps  throughout the country  from  time  to time to make  people aware  about  investment in fake  savings schemes  such  as Investor Awareness Programme, formation of State  Level  Co-ordination Committee including  'SACHET web portal and introduction of  the Protection of Interest of Depositors' Act.

## Annexure  -1 statement showing  circle  wise and scheme  wise  Number  of accounts  in National  Savings  Schemes

| S.N.                | Name of the State   | POSA        | NSRD A/c n   | MIS       | SCSS A/c   | NSTD      | PPF       | SSA       | KVP       | TOTAL       |
|---------------------|---------------------|-------------|--------------|-----------|------------|-----------|-----------|-----------|-----------|-------------|
| 1 ANDHRA PRADESH    | 1,75,08,046         | 1,77,63,648 | .7,84,664    | 1,78,718  | 6,70,781   | 5,37,110  | 9,97,429  | 10,47,450 |           | 3,94,87,846 |
| 2 ASSAM             | 2 ASSAM             | 42,90,208   | 20,98,323    | 3,60,283  | 17,817     | 2,03,973  | 1,36,247  | 1,94,642  | 4,73,201  | 77,74,694   |
| 3 BIHAR             | 3 BIHAR             | 1,33,87,973 | 39,31,248    | 13,98,095 | 38,861     | 21,45,263 | 2,04,950  | 4,28,064  | 29,63,365 | 2,44,97,819 |
| 4 CHATTISGARH       | 4 CHATTISGARH       | 30,06,404   | 7,66,041     | 85,918    | 35,505     | 75,591    | 1,41,559  | 2,77,909  | 3,01,355  | 46,90,282   |
| 5 DELHI             | 5 DELHI             | 14,35,516   | 5,63,939     | 3,54,398  | 1,76,598   | 1,81,068  | 6,26,413  | 86,190    | 9,10,934  | • 43,35,056 |
| 6 GUJARAT           | 6 GUJARAT           | 74,39,846   | 59,61,233    | 14,82,528 | 3,67,367   | 20,55,444 | 10,66,212 | 3,74,210  | 34,60,086 | 2,22,06,926 |
| 7 HARYANA           | 28,13,935           |             | 16,09,799    | 3,49,231  | 58,859     | 8,61,542  | 3,45,963  | 2,94,017  | 5,82,449  | 69,15,795   |
| 8 HIMACHAL PRADESH  | 21,96,670           |             | 21,53,003    | 1,75,139  | 12,453     | 4,61,256  | 95,818    | 1,79,616  | 4,41,001  | 57,14,956   |
| 9 JAMMU AND KASHMIR | 11,47,481           |             | 2,49,534     | 66,391    | 4,570      | 2,44,476  | 54,282    | 1,24,639  | 9,17,687  | 28,09,060   |
| 10 JHARKHAND        | 10 JHARKHAND        | 54,02,244   | 36,70,464    | 4,33,334  | 52,632     | 537,555   | 1,76,470  | 5,27,128  | 13,48,487 | 1,21,48,314 |
| 11 KARNATAKA        | 11 KARNATAKA        | 97,27,381   | 52.17,321    | 4,08,491  | 2,15,647   | 3,00,167  | 5,65,942  | 10,56,799 | 5,39,822  | 1,80,31,570 |
| .12 KERALA          | .12 KERALA          | 70,50,063   | 48,20,154    | 3,56,569  | 50,101     | 2,42,357  | 1,52,603  | 3,69,252  | 1,25,511  | 1,31,66,610 |
| 13 MADHYA PRADESH   | 13 MADHYA PRADESH   | 1,07,57,833 | 1,01,85,829  | 4,60,576  | 76,186     | 5,89,291  | 3,77,788  | 5,06,233  | 9,25,269  | 2,38,79,005 |
| 14 MAHARASHTRA      | 14 MAHARASHTRA      | 78,89,135   | 1,84,11,117  | 14,98,029 | 7,03,683   | 11,41,280 | 27.44,470 | 9,93,514  | 21,23,758 | 3,55,04,996 |
| 15 ODISHA           | 15 ODISHA           | 74,80,992   | 46,69,355    | 3,77,760  | 64,240     | 4,50,989  | 2,12,080  | 4,37,701  | 15,36,738 | 1,52,29,855 |
| 16 PUNJAB           | 16 PUNJAB           | 31,27,413   | 20,52,877    | 4,48,622  | 94,336     | 7,89,342  | 5,28,203  | 3,12,224  | 18,76,266 | 92,29,283   |
| 17 RAJASTHAN        | 17 RAJASTHAN        | 1,32,16,970 | 42.66,491    | 5,25,280  | 82,493     | 4,07,846  | 5,24,059  | 4,57,541  | 5,81,940  | 2,00,62,620 |
| 18 TAMILNADU        | 18 TAMILNADU        | 1,16,30,224 | 1,20,19,724  | 5,29,121  | 1,96,179   | 9,35,689  | 5,66,754  | 14,18,260 | 5,88,136  | 2,78,84,087 |
| 19 UTTAR PRADESH    | 19 UTTAR PRADESH    | 1,59,77,487 | 1,48,82,980  | 13,97.935 | 1,56,991   | 16,90,836 | 10,99,010 | 11,82,071 | 59,92,173 | 4,23,79,483 |
| 20 UTTARAKHAND      | 20 UTTARAKHAND      | 36,81,239   | 16,79,397    | 1,48,264  | 34,200     | 3,10,375  | 2,55,427  | 2,89,462  | 6,12,177  | 70,10,541   |
| 21 WEST BENGAL      | 21 WEST BENGAL      | 1,40,68,394 | 46,07,443    | 49,57,165 | 6,57,426   | 23,06,381 | 9,80,004  | 7,40,060  | 53,43,550 | 3,36,60,423 |
| 22 NORTH EAST STATE | 11,12,842           |             | 7,12,817     | 52,702    | 30,755     | 63,302    | 1,18,538  | 8,64,149  | 2,66,548  | 32,21,653   |
| • 23 BASE (DOP)     | • 23 BASE (DOP)     | 2,05,886    | 4,11,022     | 30,178    | 999        | 4,391     | 19,965    | 37,601    | 0         | 7,10,042    |

TOTAL

38,05,50,916

Note -1-The  Figure  of NSC-VIII issue  circle/state wise Is not available and Is requested from Department of  Post to provide  urgently.

2.The  figure  of post offices  are up  to 31-03-2017 and figure  of banks are up to 31-01-2018.

Abbrlvatidn -  POSA- Post Office  Savings  Account,  NSRD-  National  Savings  Recurring Deposit,  MIS- Monthly  Income  Scheme, SCSS A/c- Senior

Citizen  Savings  Scheme  Account,  NSTD-  National  Savings  Time Deposit,  PPF- Public  Provident Fund, SSA- Sukanya  SamrlddhI Account,  KVP-Kisan

Figure  of West Bengal  Includes  Andman  and NIcobar,  Sikkim

Figures  of Andhra  Pradesh  includesTelangana.

Figures  of North  East states  inciudes Meghalya, Manlpur,  Mizoram,  Tripura,  Arunachal Pradesh,  Nagaland

Figures  of Kerala  Includes  Lakshdweep

Figures  of Maharastra Includes Dadar  Nagar  Haveli,  Daman  and  Diu, Goa

Figures  of  Punjab  Includes  Chandigarh.

Figures  of  Tamilnadu Includes  Puduchery.

Annexure-ll

## Statement  showing  no. of certificate issued  under  NSC Vlli  issue  during  the year 2016-17

| S.N.                | Name of the State   | No. of Certificate issued   |           |
|---------------------|---------------------|-----------------------------|-----------|
| 1                   | ANDHRA PRADESH      |                             | 0         |
| 2 ASSAM             |                     |                             | 1,08,831  |
| 3 BIHAR             |                     |                             | 1,40,570  |
| 4 CHATTISGARH       |                     |                             | 30,316    |
| 5 DELHI             |                     |                             | 1,05,233  |
| 6 GUJARAT           |                     |                             | 4,08,753  |
| 7 HARYANA           |                     |                             | 38,201    |
| 8 HIMACHAL PRADESH  |                     |                             | 24,475    |
| 9 JAMMU AND KASHMIR |                     |                             | 20,984    |
| 10 JHARKHAND        |                     |                             | 1,98,002  |
| 11 KARNATAKA        |                     |                             | 2,08,105  |
| 12 KERALA           |                     |                             | 0         |
| 13 MADHYA PRADESH   |                     |                             | 97,299    |
| 14 MAHARASHTRA      |                     |                             | 5,85,626  |
| 15 ODISHA           |                     |                             | 1,31,344  |
| 16 PUNJAB           |                     |                             | 0         |
| 17 RAJASTHAN        |                     |                             | 0         |
| 18 TAMILNADU        |                     |                             | 1,21,291  |
| 19 unAR PRADESH     |                     |                             | 0         |
| 20 UTTARAKHAND      |                     |                             | 0         |
| 21 WEST BENGAL      |                     |                             | 5,05,408  |
| 22 NORTH EAST STATE |                     |                             | 0         |
| 23 BASE (DOP)       |                     |                             | 176       |
| Total               |                     |                             | 27,24,614 |

## Note-

Figure  of West Bengal  includes  Andman  and NIcobar,  SIkkim

Figures  of  Andhra  Pradesh  Includes  Telangana.

Rgures  of North  East states  includes Meghalya, Manlpur,  MIzoram,  Tripura,  Arunachal Pradesh,  Nagaland

Rgures  of Kerala  includes  Lakshdweep

Rgures  of Maharastra Includes Dadar  Nagar  Haveli,  Daman  and DIu, Goa

Figures  of Punjab  includes chandigarh..

Figures  of  Tamilnadu includes  Puduchery.