Volume : 6, Issue : 3, March - 2017

A STUDY ON THE SMALL SAVING SCHEMES IN INDIA AND THEIR IMPACT ON THE GENERAL MASSES

Pummy Sinha

Abstract :

<p>&nbsp;<i><span lang="EN-IN" style="font-size:10.0pt;line-height:150%;font-family:&quot;Times New Roman&quot;,serif">Saving is that part of income which is not spent either to secure the future or to spend those part of income in some precautionary situations. When income is not spent on consumer goods and services, it is usually saved or invested on some fixed capital, such as factories, machineries etc. in the cases of firms; cars, improvement in the existing house etc.in the cases of households. Saving therefore increases the availability of fixed capital, which ultimately leads to economic growth. Saving and the rate of interests are positively related. This paper is mainly concerned with the different kinds of small saving schemes and their rate of interests from 2014-2016 of India and their impact on the general masses. And it also showcases the main causes behind the fall in the interest rates of the small saving schemes.</span></i></p> <p class="MsoNormal" style="line-height:150%"><i><span lang="EN-IN" style="font-size:10.0pt;line-height:150%;font-family:&quot;Times New Roman&quot;,serif"><o:p></o:p></span></i></p>