Modi Government relaunched the Kisan Vikas Patra (KVP) investment scheme to tap household savings for funding infrastructure development in the country. Consider the following statements about this and pick the correct statement:
(i) The saving instrument will be available in the denomination of Rs. 1,000, Rs. 5,000, Rs. 10,000 and Rs. 50,000.
(ii) There will be no upper ceiling on investment.
(iii) No tax benefits would be available on these investment.
Answer(s) is/are:
(A) (i) only
(B) (ii) only
(C) (i) and (iii) only
(D) All of the above
Answer: D