What is Kisan Vikas Patra?

Kisan Vikas Patra is a savings certificate scheme launched in 1988 to encourage people to adopt long-term financial discipline. The scheme, under the Ministry of Finance, was launched by India Post wherein invested money doubled during maturity. The scheme was closed in 2011 by the Government of India after a Government Committee suggested that this scheme can be misused for money laundering purposes as per the findings by Shyamala Gopinath Committee, but later was reintroduced in 2014.

The government reintroduced the erstwhile popular small savings scheme Kisan Vikas Patra (KVP) to encourage people to save more and keep them off fraudulent