Kisan Vikas Patra (KVP) is being re-introduced to encourage people, who may have banked and unbanked savings to invest in this instrument. Announcing this during his maiden Budget Speech in the Lok Sabha today, the Finance Minister Shri Arun Jaitley said that KVP was a very popular instrument among small savers and is being re-introduced to promote saving.
 

Savings instrument reintroduction to mobilise banked and unbanked household savings and promote saving among small investors. Re introduction of Kisan Vikas Patra as a government savings instrument to mobilise both banked and unbanked household savings, presented to make a popular small saver instrument available again and to promote saving among individuals with varying access to formal banking; announced in the Finance Minister's budget speech as part of efforts to encourage household saving and inclusion of small investors.