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Krishnagiri district surpasses small savings target

Staff Reporter

Rs. 84.34 crore collected till January; 897 agents receive incentives

– Photo: N. Bashkaran

Encouragement: Rahman Khan (left), Vice-Chairman, Department of Small Savings, giving away prizes to small savings agent A. Karpagam for best performance during the year 2008-2009 at the Collectorate in Krishnagiri on Friday. G. Luxmi Priya, Additional Collector (Development) is in the picture.

KRISHNAGIRI: Krishnagiri district has surpassed the target fixed for small saving collection during this financial year, said Rahman Khan, Vice Chairman, Department of Small Savings here on Friday.

He told journalists here that the small savings collection till January this financial year was Rs. 84.34 crore as against the target of Rs. 55 crores. A sum of Rs. 133.79 crore was collected last year.

Agents and department officials should strive to surpass this during this year. Incentives had been given to 897 agents. Soon other agents will also be given incentives too, he said.

Chief Minister Karunanidhi had announced an Insurance Scheme for the Welfare of the Agents and all the agents should make use of this scheme, Mr. Khan said.

There are 75,000 small savings agents in the state, out of which 35,000 are women. The Post Office Recurring Deposit Scheme had also been successfully implemented in the state.Small saving collections during 2007-08 was Rs. 115.66 crore and that of 2006-07 was Rs. 102.31 crore.

Though the interest rate offered was lower than what some other private organisations were offering, many people still preferred to invest with the government organisation. Small savings deposit target for the current financial year was Rs. 2,351.95 crore in the state. Mr. Khan also distributed certificates and prizes to the students who had participated in essay competitions and gave away prizes to agents who had surpassed their targets.

He also held a review meeting with officials. Mr. A. Gunasekaran, District Small Savings Officer was also present.

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