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Welcome to the Directorate of Small Savings |
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Introduction
Directorate of Small Savings & Lotteries, GNCT of Delhi works in close co-ordination with Ministry of Finance (DEA), Govt. of India; National Savings Institute, Govt. of India and Department of Posts, Govt. of India. The Savings Schemes and rules thereof are framed by the Ministry of Finance (DEA). The Savings are utilized in various developmental projects/schemes of the Government.
The main objective of various savings schemes is to inculcate savings habits in the lower and middle income class, which helps them in achieving their financial goals in future. The Government introduces new savings schemes/products from time to time.
The power of Savings cannot be under-estimated. It is the life-line for the development of our country. For planned economic development of the country, the Government requires vast resources mobilized through various sources. Domestic Savings are an important source for this. Over time, the Savings Schemes have transformed from their limited role of providing financial security to the poor people, to a major instrument for mobilizing funds for developmental expenditure of the nation. The Government has been introducing various schemes from time to time to suit the varying requirements of individuals, institutions and groups.
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