Some excerpts from Union Budget 2014-15 related to POST OFFICE
Kissan Vikas Patra
Kissan Vikas Patra (KVP) was a very popular instrument among small savers. I plan to reintroduce the instrument to encourage people, who may have banked and unbanked savings to invest in this instrument.
To address the concerns of decline in savings rate and improving returns for small savers, I propose to revitalize small savings.
My Government attaches utmost importance to the welfare of Girl Child. A special small savings instrument to cater to the requirements of educating and marriage of the Girl Child will be introduced. A National Savings Certificate with insurance cover will also be launched to provide additional benefits for the small saver.
In the PPF Scheme, annual ceiling will be enhanced to Rs 1.5 lakh p.a. From Rs 1 lakh at present.