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Collections under Public Provident Fund (PPF) have increased from rupees 11865 crore during 2003-04 (upto February, 2004) to rupees 13206 crore during 2004-05 (upto February, 2005). Collections under all the small savings schemes, including PPF, have grown from rupees 129343 crore to rupees 153946 crore during the same period.
The Government offers a basket of small savings schemes to cater to the needs of different segments of the society/small savers who are free to subscribe to the scheme(s) of their choice according to their requirements.
Suitable steps to inculcate the habit of thrift and savings amongst the common masses and to promote all the small savings schemes, are taken by the Central and State Government from time to time.
This information was given by Shri S.S. Palanimanickam, Minister of State for Finance in reply to a question raised by Shri G. Karunakara Reddy in Lok Sabha today.
BSC/BY/DN-217/05
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