Q. Consider the following statements regarding the National Small Savings Fund (NSSF): - The National Small Savings Fund (NSSF) was established on 1st April, 1999.
- The NSSF forms a part of the Public Account of India.
- State Governments are permitted to borrow from the National Small Savings Fund.
Which of the above statements is/are correct?
Answer:
All are correct
Notes: The National Small Savings Fund (NSSF) was set up on 1st April, 1999, and is a part of the Public Account of India. States are permitted—and required—to borrow from the NSSF, with the minimum obligation set at 80 percent of net collections since 1st April 2007. All statements are correct as per the Ministry of Finance.