ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Small Savings

According to the Rakesh Mohan Committee the effective cost of small savings schemes vis-à-vis the cost of market borrowings is such that it is difficult to justify its continuation in the present form. But scrapping these instruments will affect only individual savings behaviour, which includes marginal farmers, agricultural labour, etc, and is likely to affect the finances of the government. It would distort the savings behaviour at a time when huge investments are required for infrastructure development.

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