yes, the KVP is a very good scheme. Similarly, the Government of India should give a half percent more on post office recurring deposits. Many do not know that one can operate even a Rs.10./-, rd account in post offices. Anything that will help the poor has be welcomed and we need to accept this point. There is no point in taking too much about black money. For example, agricultural income, which is not taxed, even today, is black money. But it does help the economy, as it finds its way to buying a huge range of goods and services in the rural areas.
KVP has nothing to do or help black money as it will need all related documents and one witness to open an account . No black money holder will risk keeping his money where he could be traced back and caught.
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