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BANKING, TRADE AND COMMERCE
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SMALL-SAVING SCHEME
The small-savings scheme was started in India in 1945 as an
anti-inflationary measure. Subsequently, it was adopted as an
important instrument by the Planning Commission to finance the
expenditure on capital schemes included in the Five-Year Plans.
Partly, the scheme aims at raising money for the defence and
development of the country.
In 1962 there were 20 post-offices doing the savings bank work in
Bhir district at the following places—(1) Amalner, (2) Ambejogai,
(3) Ashti, (4) Bansarola, (5) Bhir, (6) Chausala, (7) Dindrood,
(8) Fatehbad, (9) Georai, (10) Ghatnandur, (11) Kada (12) Kaij,
(13) Manjlegaon, (14) Nekoor, (15) Patoda, (16) Parali-Vaijnath,
(17) Rajori, (18) Renapur, (19) Talkhed and (20) Umapur.
The following statistics give the changes in the total number of
accounts excluding those closed and transferred, in the saving
banks and the total amounts invested and withdrawn as at the end
of each financial year from 1959-60 to 1961-62:—
|
Year |
Number of accounts |
Amount deposited |
Amount withdrawn |
|
(1) |
(2) |
(3) |
(4) |
|
|
|
Rs |
Rs |
|
1959-60 |
1,277 |
29,21,800.47 |
12,17,526.08 |
|
1960-61 |
1,465 |
33,44,601.72 |
15,05,398.13 |
|
1961-62 |
2,013 |
36,44,623.24 |
21,68,155.85 |
|
Total |
4,755 |
99,11,025.43 |
48,91,080.06 |
If one account is taken to represent a
family of five members, it can be said from the above figures that
only 2.37 per cent of the population in the district took
advantage of the banking facility provided for by the post
offices. Although the total deposits increased every year, the
withdrawals were large and hence balances with the banks remained
low.
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