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Question : The Kisan Vikas Patra (KVP) scheme was introduced to promote:

Option 1: Agricultural research and development
  

Option 2: Horticultural activities in rural areas
 

Option 3: Investments in rural infrastructure projects

 

Option 4: Savings and investments among farmers


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Savings and investments among farmers


Solution : The correct answer is (d) savings and investments among individuals, including farmers.

The Kisan Vikas Patra is a savings scheme launched by the Government of India. It provides a safe and secure investment option for individuals to save money and earn a fixed rate of interest over a specific period. The scheme aims to encourage individuals, including farmers, to save their money and build a corpus for their future financial needs.

Under the Kisan Vikas Patra scheme, individuals can invest a certain amount of money and receive a certificate, which represents their investment. The investment grows over time, and at maturity, the certificate can be encashed along with the accrued interest.

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