Enough safeguards to ensure KVPs don't generate black money:

BJP today rejected Congress' charge that reintroducing Kisan Vikas Patra money saving scheme will generate black money and said all precautions have been taken in this regard.
BJP also rejected Congress' allegation that government was not committed to bring back black money stashed abroad.
"Congress is devoid of any issue and is trying to mislead the public by raising non-issues. The government has taken all safeguards to prevent any generation of black money through the reintroduction of Kisan Vikas Patras by adding the element of KYC," BJP secretary Shrikant Sharma said.
He said the KVP scheme will help promote investment and saving rate which had gone down drastically during previous Congress rule.

"The scheme will also help the poor and farmers to invest and get their money back any time they require. This will help promote investment and saving rates," he said.
BJP spokesperson Shahnawaz Hussain also said the scheme has included several safeguards to prevent generation of black money as was done during the last Congress regime.

"Government has started KYC to make the scheme successful. People feel farmers can now invest in KVPs and there is enthusiasm that the scheme will give rise to investment. The government is doing good work and the public is giving results for the good work done," Hussain said.

Upping the ante over black money issue ahead of the winter session of parliament, Congress today accused the NDA government of failing on its promise to bring back the illegal wealth and questioned its recent decision to reintroduce KVP.
"Government came to power with various promises including one about bringing back black money. It is sad that the government, which talked of bringing back black money is rather promoting black money,"Congress leader Ajay Maken said.
With the objective to raise savings in the country, the government relaunched Kisan Vikas Patra (KVP).