Kisan Vikas Patra (KVP)
The Kisan Vikas Patra (KVP) serves as a modest savings program provided by the Government of India, with a core focus on encouraging long-term financial resilience among Indian populace, particularly in rural regions.
Features of Kisan Vikas Patra (KVP):
1. Purpose:
Kisan Vikas Patra was introduced with the aim of encouraging individuals to save money for the long term and to provide a safe and secure investment option, particularly for rural investors who may not have access to sophisticated financial products.
2. Issuing Authority:
Kisan Vikas Patra is issued by the Department of Posts, Government of India, and is available through designated post offices across the country.
It can also be availed through certain authorized banks.