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Promote the habit of saving actively, says Rosaiah

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FOR A BETTER TOMORROW: Finance Minister K. Rosaiah greeting women savings agents in Hyderabad on Saturday. - Photo: Satish H.
FOR A BETTER TOMORROW: Finance Minister K. Rosaiah greeting women savings agents in Hyderabad on Saturday. - Photo: Satish H.

Special Correspondent

Role of `Mahila bachat yojana' agents lauded

HYDERABAD: Finance Minister K.Rosaiah has stressed the need for inculcating the habit of saving among people and lauded the role of the Mahila Pradhan Kshetriya Bachat Yojana (MPKY) agents in mobilising deposits.

Presenting cash awards to three best women agents for mobilising the highest collections in 2005-06 at a function organised to mark `Women's Savings Day' here on Saturday, he said the gross mobilisation had crossed Rs.10,000 crores, as against the target of Rs. 8,000 crores, and the net mobilised was Rs. 4,476 crores, while the target was Rs. 4,500 crores.

He suggested to the Postal department to increase the timings of cash transactions for the benefit of small savings agents.

Top achievers

P. Rama Devi of Warangal bagged the first prize for having mobilised Rs. 1,91,95,885. G.Lakshmi Devi (Hyderabad) and P.Anjali Setty (Ranga Reddy) won the second and third prizes respectively, mobilising Rs.1,43,30,325 and Rs.1,28,80,655. Of the 26,034 SS agents in the State, MPKBY agents were 10,386.

Mr. Rosaiah presented certificates to the agents who exceeded the March targets for their respective districts.

Benefiting the poor

D. Ravindranath, Commissioner, Small Savings, said the SS funds were being utilised by the Government for several developmental and welfare programmes for the poor.

D.Kailasa Prasad, Principal Chief Postmaster-General, AP circle, said he would convene a meeting between the SS agents and officials of the postal department to sort out their problems.

Mir Azmat Ali, Regional Director, National Savings Institute, Bangalore, said that more than a lakh agents were mobilising funds in the country.


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