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Odisha CM launches Small Savings incentives scheme

Odisha CM launches Small Savings incentives scheme

In a bid to increase saving habits among state citizens, Odisha Chief Minister Naveen Patnaik launched the ‘Odisha Small Savings Incentive Scheme’ for 2019 on 8 August 2019. The launched scheme will be run under the notation “AQ” series.

Naveen Patnaik’s government will conduct a lucky draw of all investors of small savings schemes and give winners a cash award to promote saving habit.

Under the provisions of the scheme, any eligible person can deposit a minimum amount of Rs. 2,000 in any Small Savings Schemes (Kisan Vikas Patra, Public Provident Fund, National Savings Certificate, Post Office (Monthly Income) Account) of Odisha government during the calendar year 2019 in any Post office or bank located in Odisha. Then person can get a free web-based coupon from the office of the collectors, sub-collectors or block development officers. This will be like a lucky draw ticket.

On April 26, 2020, a state-level lucky draw of the scheme will take place in which people can win a cash award.

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