The government is gradually reducing the rates of  small savings, which will result in much loss to the common people. The latest decision of the government is to cut interest rates of Public Provident Fund, Kisan Vikas Patra, Sukanya Samridhi Scheme, Senior Citizens’ Scheme etc.

The interest rate on Senior Citizens’ Scheme has been  reduced from 7.7% to 7.2%.

Instead of supporting the the weaker sections of the society, these interest cuts attacks their  livelihoods.