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Investors' Perceptions About Kisan Vikas Patra(KVP):Evidence from Agartala


Affiliations
1 Department of Commerce, Tripura Central University, Suryamaninagar, Tripura (West), Tripura, India
2 Department of Commerce, Tripura Central University, Suryamaninagar, West Tripura, Tripura, India
     

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The objectives of the study is to report the motivating factors of respondents for investing in Kisan Vikas Patra (hereafter, KVP), a post office saving scheme and to assess the perceptions about the strategies to make it as an efficient investment instrument. An interview schedule comprising 41 questions with personal interview has been used to collect data from a sample size of 153 respondents chosen using different non-probability sampling techniques. A protocol interview with 10 respondents followed by a pilot survey with 20 respondents is carried out to check the validity of the questions, reliability and sample adequacy test is also performed. Through Factor analysis, five major factors are extracted. Based on such factors, student's t-test is carried out. The findings indicate that a number of factors ranging from safety, liquidity, investment and maturity in cash, satisficing return, non-disclosure of sources of income and Permanent Account Number (PAN) motivate for invest in KVP. It documents that a number of issues need to be amended like allowing tax benefits, reduction in maturity tenure, rationalising KYC norms, increase in the rate of return, provision for e-certificate and e-investment etc. The study also acknowledges its few limitations.

Keywords

Kisan Vikas Patra (KVP), Post Office, Survey, Factor Analysis, Student’s T-Test.
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  • Investors' Perceptions About Kisan Vikas Patra(KVP):Evidence from Agartala

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Authors

Rajat Deb
Department of Commerce, Tripura Central University, Suryamaninagar, Tripura (West), Tripura, India
Abhijit Paul
Department of Commerce, Tripura Central University, Suryamaninagar, West Tripura, Tripura, India

Abstract


The objectives of the study is to report the motivating factors of respondents for investing in Kisan Vikas Patra (hereafter, KVP), a post office saving scheme and to assess the perceptions about the strategies to make it as an efficient investment instrument. An interview schedule comprising 41 questions with personal interview has been used to collect data from a sample size of 153 respondents chosen using different non-probability sampling techniques. A protocol interview with 10 respondents followed by a pilot survey with 20 respondents is carried out to check the validity of the questions, reliability and sample adequacy test is also performed. Through Factor analysis, five major factors are extracted. Based on such factors, student's t-test is carried out. The findings indicate that a number of factors ranging from safety, liquidity, investment and maturity in cash, satisficing return, non-disclosure of sources of income and Permanent Account Number (PAN) motivate for invest in KVP. It documents that a number of issues need to be amended like allowing tax benefits, reduction in maturity tenure, rationalising KYC norms, increase in the rate of return, provision for e-certificate and e-investment etc. The study also acknowledges its few limitations.

Keywords


Kisan Vikas Patra (KVP), Post Office, Survey, Factor Analysis, Student’s T-Test.

References