Small saving schemes account for 20.9% of government borrowing in FY18

Centre took Rs 1,002 bn from here in 2017-18, sharply up from Rs 904 bn a year before and Rs 123.6 bn in FY14

There has been a sharp rise in government borrowing from small saving schemes in the past five years; also, the contribution of market borrowing was a 17-year low in 2017-18.

According to data from the Reserve Bank of India (RBI), small savings schemes such as post office deposits, National Savings Certificate (NSC), and Kisan Vikas Patras (KVP) accounted for a  little over a fifth (20.9 per cent) of all central government borrowing in FY18, up from 17.2 per cent a year before and 2.4 per cent in FY14. This is the highest contribution from small savings in 19 years (see