With reference to the Government Welfare Schemes Kisan

Solution

The Kisan Vikas Patra was introduced by India Post in the year 1988. 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. The Kisan Vikas Patra (KVP) was later relaunched in the year 2014. Account can be opened in Post offices and in authorised banks. KVP can be transferred from one person to another and from one post office to another. Minimum ₹ 1000/- and thereafter in multiples of ₹100. KVP can be transferred from one person to another and from one post office to another.