Lok Sabha Question No. 2477 (UNSTARRED), answered on 2016-03-11
Subject: Promotion of SSS
Ministry: FINANCE
Asked by: PRITAM GOPINATH MUNDE, VISHNU DAYAL RAM, P.P. CHAUDHARY

No.2477.

## GOVERNMENT OF INDIA MINISTRY  OF FINANCE DEPARTMENT OF ECONOMIC  AFFAIRS

## LOK SABHA

## UNSTARRED QUESTION NO. 2477

TO BE ANSWERED ON FRIDAY 11TH MARCH,  2016 -PROMOTION  OF SSS"

DR. PRITAM  GOPINATH MUNDE: SHRI VISHNU DAYAL RAM:

SHRI P.P.CHAUDHARY:

Will the Minister  of FINANCE  be pleased  to state:\_

- (a) the details of small savings  schemes  presently  in operation  along  with rate of interests  applicable therein, scheme-wise;
- (b) the funds collected under the head of small savings in various States along with the ratio of this savings  thereunder vis-d-vis gross  domestic product  of the country  during each of the last three years;
- (c) the details of utilization of such savings, area-wise during the said period;
- (d)  whether the Government proposes  to prornote  more savings in various States of the country including Maharashtr.a in near future; and
- (e) if so, the details thereof along with the details of existing schemes in this regard?

## ANSWER

MINISTER  OF STATE IN THE MINISTRY  OF FINANCE (sHRr  JAYANT SINHA)

- (a) Madam,  small savings schemes  currently in force with interest rates are given below:-
- (b): The details  of the amount  received from the investors in with the ratio of such savings to the Gross Domestic  product are as under:the various small savings schemes along of the country  during  the last three years

| S.No.   | Name of the scheme                                  | Interest rate for FY 2015-16              |
|---------|-----------------------------------------------------|-------------------------------------------|
| 1       | Post Office Savings Account                         | 4%                                        |
| 2       | Recurring Deposit Account                           | 8.4 o/o                                   |
| 3       | Time Deposit Account 1 Year 2 Years 3 Years 5 Years | 8.4 % 8.4 % 8.4 o/o 8.5 %                 |
| 4       | 5 Year National Savings Certificate                 | 8.50/o                                    |
| 5       | lvlgnthly Income Scheme                             | 8.4 o/o                                   |
| 6       | Senior Citizen's Savings Scheme                     | 9.3 %                                     |
| 7       | Kisan Vikas Patra                                   | Initial investment doubles in 100 months. |
| 8       | Sukanya Samriddhi Account                           | 9.2 %                                     |
| I       | Public Provident Fund                               | 8.7 %                                     |

| Year    |   Gross Small Savings Collection ( Rs. tn Crore-approx.) | o/o?Q€to GDP (At market prices)   |
|---------|----------------------------------------------------------|-----------------------------------|
| 2012-13 |                                                   234153 | 2.35%                             |
| 2A13-14 |                                                   250421 | 2.22o/o                           |

State/UT-wise collection under Small Savings Schemes  through  the network of post offices is as shown in table below:

| (Rs. In crore)   | (Rs. In crore)           | (Rs. In crore)   | (Rs. In crore)   | (Rs. In crore)   | (Rs. In crore)           |
|------------------|--------------------------|------------------|------------------|------------------|--------------------------|
| S.No.            | State                    | 20t2-13          | 20r3-14          | 20r4-t5          | 20rs-16 ( upto Jan.. l6) |
| I                | A&N ISLAND               | 5l.46            | 54.21            | 72.82            | 85.67                    |
| )                | ANDHRA PRADESH           | t3t87.73         | r 3363.09        | l 4 I 38.05      | r3322.85                 |
| 1                | ARUNACHAL PRADESH        | 214.21           | 249.24           | 309.65           | 309.43                   |
| 4                | ASSAM                    | 3672.4s          | 40 t 8.68        | 4774.84          | 5247.85                  |
| :)               | BASE(Armv Postal Office) | 554.67           | 743.06           | 1007.67          | 916.17                   |
| 6                | BIHAR                    | fi262.25         | t2072.66         | r43t0.t3         | t5122.94                 |
| 7                | CHANDIGARH               | 87t.96           | 89 t.45          | 1345.57          | t397.47                  |
| 8                | CHHATTISGARH             | 3 r r4.08        | 3451.41          | 3786.35          | 3578.57                  |
| 9                | DADRA & NAGAR HAVELI     | 9.32             |                  | 12.44            | n.72                     |
| l0               | DAMAN & DIU              | 84.61            | l0l .59          | I I3.19          | 132.50                   |
| il               | DELHI                    | 9816.56          | 9040.07          | 1342t.48         | t4261.63                 |
| l2               | GOA                      | 8 t6.4l          | 727.39           | l0|3.r8     | r089.86                  |
| t3               | GUJARAT                  | t8641.72         | 17748.94         | 24075.35         | 29533.64                 |
| l4               | HARYANA                  | 6t 45.61         | 6179.53          | 7842.82          | 8789.62                  |
| l5               | HIMACHAL PRADESH         | 4232.47          | 4534.27          | 5400. r 5        | 5809.56                  |
| t6               | J&K                      | 2309.20          | 2557.86          | 3073.76          | 33t2.76                  |
| t7               | JHARKHAND                | 387 t.2l         | 4230.27          | 5t77.97          | 6373.31                  |
| t8               | KARNATKA                 | 9329.83          | 8847. I 8        | 12331.67         | r4878.40                 |
| l9               | KERALA                   | 685s.r 7         | 7062.t I         | 8 r68.65         | 9207.4e                  |
| 20               | LAKSHDWEEP               | 2.50             |                  | 2.42             | 2.52                     |
| 2l               | MADHYA PRADESH           | 9114.47          | 8873.37          | 9958.25          | 9943.47                  |
| 22               | MAHARASHTRA              | 25242.03         | 20979.69         | 29281.41         | 32308.82                 |
| 23               | MANIPUR                  | t77.65           | t47.t7           | l4l.l0           | r t4.00                  |
| 24               | MEGHALAYA                | ?(? ?s           | 372.31           | 416. l3          | 39s.25                   |
| 25               | MIZORAM                  | 2t0.65           | t84.67           | t63.t I          | t45.39                   |
| 26               | NAGALAND                 | 67.8 r           | 7 5.91           | 94.61            | 97.42                    |
| ,.,              | ORISSA                   | 4889.5l          | 5s57.64          | 7047.84          | 8622.t3                  |
| 28               | PONDICHERRY              | I I.l .03        | 122.34           | t4t.37           | t91.24                   |
| 29               | PUNJAB                   | nl07.52          | r r 586.98       | t4504.17         | t6278.02                 |
| 30               | RAJASTHAN                | r 0l 46.15       | 9s25.29          | r 0865.69        | I l145,89                |
| 3l               | SIKKIM                   | 129.47           | l5 r .09         | r59.80           | 157.53                   |
| 32               | TAMIL NADU               | r r0 | 7.35 | r039r.89         | t2278.93         | t4400.37                 |
| 33               | TELENGANA                |                  |                  | 4839.43          | 8956.06                  |
| 34               | TRIPURA                  | s78.73           | 7 t2.64          | 935.59           | | 109.57            |
| 35               | UTTAR PRADESH            | 27250.78         | 28 r40.31        | 35579.61         | 384s7.52                 |
| 36               | UTTARAKHAND              | 4027.86          | 4506.80          | 5362.00          | 5758.46                  |
| 37               | WEST BENGAL              | 2'7592.03        | 28294.88         | 36933. I 5       | 46095.32                 |
|                  | TOTAL                    | 227018.91        | 225464.09        | 289080.34        | 327520.36                |

anrj State /UTs (with Legislature) Government  securities  is also reinvested St#es/UTs (with Legislature) in the ratio of 50:50. The detail is given below:in Central Government  and

Fund released  to Centre,States/Uts  ( with Legislature) during last three years and current year

| Sl.No.   | .Name of States/UTs   | 2012-13   | 2013-14   | 2014-15   | 2015-16 ( upto 4th March. 2016)   |
|----------|-----------------------|-----------|-----------|-----------|-----------------------------------|
| t1'l     | t2l                   | t3l       | t4t       | I5l       | t6l                               |
| I I      | Andhra Pradesh        | 718,.00   | 636.27    | 1096.35   | 1570.25                           |
| 2        | Arunachal Pradesh     | 41.99     | 49.47     | 79.15     | 125.21                            |
| 3        | Assam                 | 880.48    | 909.39    | 1324.73   | 1777.62                           |
| 4        | Bihar                 | 1005.51   | 1386.49   | 3944.84   | 3129.81                           |
| 5        | Chhattisgarh          | 252.23    | 242.68    | 658.81    | 682.01                            |
| 6        | Goa                   | 87.04     | 49.66     | 115.22    | 1t'0.82                           |
| 7        | Gujarat               | 1659.29   | 1912.06   | 2774.40   | 4061.49                           |
| I        | Haryana               | 438.40    | 566.60    | 1251.31   | 1605 37                           |
| I        | Himachal Pradesh      | 474.87    | 616.89    | 1 101 .98 | 1238.65                           |
| 10       | Jammu & Kashmir       | 245.57    | 315.99    | 574.44    | 650.62                            |
| 11       | Jharkhand             | 221.23    | 249.62    | 772.68    | 1076.36                           |
| 12       | Karnataka             | 456.29    | 649.07    | 1435.98   | 2470.20                           |
| 13       | Kerala                | 630.04    | 565.14    | r32ia     | 14.31.83                          |
| 14       | Madhya Fradesh        | 1439.24   | 1996.40   | 1913.87   | 1778.92                           |
| 15       | Maharashtra           | 2664.72   | 1424.91   | 2982.36   | 3822.01                           |
| 16       | Manipur               | 8.00      | 12.85     | 28.99     | 53.42                             |
| 17       | Meghalaya             | 84.80     | 82.61     | 99.31     | 83.15                             |
| 18       | Mizoram               | 25.05     | 14.88     | 30.31     | 21.46                             |
| 19       | Nagaland              | 3.13      | 6.26      | 16.98     | 31.98                             |
| 2A       | Orissa                | 451 .1 5  | 733.03    | 1442.59   | 1963.90                           |
| 21       | Punjab                | 561.16    | 800.00    | 2A45.16   | 2798.61                           |
| 22       | Raiasthan             | 484.00    | 495.99    | 1347.49   | 1249.41                           |
| 23       | Sikkim                | 11.64     | 21.21     | 30.01     | 29.41                             |
| 24       | Tamil Nadu            | 563.00    | 518.03    | 1443.74   | 1874.2,0                          |
| 25       | Telangana             |           |           | 783.53    | 964.29                            |
| 26       | Tripura               | 41.28     | 74.41     | 182.O7    | 237.56                            |
| 27       | Uttar Pradesh         | 4571.92   | 5008.64   | 8626.38   | 7321.59                           |
| '28      | Uttarakhand           | 739.38    | 790.68    | 1399.58   | 1787.08                           |
| 29       | West Bengal           | 2978.25   | 4347.20   | 7711.96   | 803'1.17                          |
| 30       | Delhi                 | 922.41    | 836.50    | 1764.32   | 1822.12                           |
| 31       | Puducherry            | 32.79     | 5.01      | 18.05     | 9.04                              |
| 32       | Central Government    | 9928.00   | 13659.53  | 33528.31  | 22793.37                          |
|          | Total                 | 32616.86  | 38937.47  | 81656.60  | 76642.93                          |