Question : INNOVATIVE SAVING SCHEME



(a) whether the Government is planning on innovative savings scheme for the people who don’t want to risk their money on shares;

(b) if so, the details of the new scheme; and

(c) the time by which it will come into force?

Answer given by the minister




MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)

(a) No proposal for introduction of a new small savings scheme is under consideration of the Government.

(b)&(c) Do not arise.