New Delhi: The government will soon launch the revamped Kisan Vikas Patra (KVP), a very popular instrument among small savers, besides some new saving instrument programmes for the girl child as well for the physically challenged person, a senior finance ministry official said.  “We are going to launch the revamped Kisan Vikas Patra (KVP) soon again in the form of saving instrument,” Rajat Bhargava, Joint Secretary (Budget) in the ministry finance said at an event here.  The KVP was discontinued by the UPA government in 2011 following the Shyamala Gopinath Committee report. It had suggested that KVPs may be discontinued as they are prone to misuse.  KVP was a popular saving scheme that doubled the money invested in eight years and seven months. The government sold these saving bonds through Post Offices in the country.

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