November 05, 2024 17:57 (IST)
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Assam records 143.08% growth of small savings collection
Guwahati, June 30 (IBNS): The gross small savings collection from Post Office Small Savings schemes in Assam recorded Rs. 6080.96 crore in the Financial Year 2015-16 against the target of Rs. 4250 crore which was set for the state by the Ministry of Finance, Government of India during the last financial year.
In a press statement, the Assam government said that it is a gross progressive achievement of 143.08 percent.
At the same time, the net small savings collection was Rs. 1270.52 crore against the target of Rs.780 crore during the same period.
The net progressive achievement is 162.88 percent.
It is worth mentioning that in comparision to small savings collection in the Financial year 2014-15, gross collection grew by 38.55 percent and net collection soared by 69.24 percent in 2015-16.
(Reporting by Hemanta Kumar Nath)
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