Small savings mop-up to remain buoyant, set to top Rs 2 lakh crore

New Delhi, March 1 | Updated: Mar 2 2006, 05:30am hrs
The Budget has revised the estimate of total collections from small savings schemes in 2005-06 at Rs 2,01,500 crore, as against Rs 2,00,000 crore originally estimated.

The disbursements on account of these schemes, comprising savings deposits, savings certificates and public provident fund, was revised to Rs 1,11,800 crore, as against Rs 1,06,200 crore estimated in last Budget. The budget estimates for 2006-07 pegged collections from these schemes at Rs 2,10,000 crore while disbursements at Rs 1,19,600 crore.

The total receipts from PPF in the current fiscal so far stood at Rs 18,500 crore, while disbursements were estimated at Rs 5,800 crore.

In 2004-05, the collection from PPF was Rs 16,483 crore and disbursements Rs 4,801 crore. While the budget estimates indicate that the collections would remain static at Rs 18,500 crore on par with this fiscal, disbursements would be Rs 7,500 crore.

Collections from savings deposits stood at Rs 1,41,000 crore in 2005-06, while disbursement was at Rs 73,900 crore. In 2004-05, the disbursements stood at Rs 59,752 crore, while receipts were estimated at Rs 1,27,529 crore.

According to official data, collections from savings certificates stood at Rs 42,000 crore in 2005-06 while disbursements were at Rs 32,100 crore. In 2004-05, the total receipts from the savings certificates stood at Rs 33,717 crore and disbursements at Rs 16,388 crore.