New Delhi: With a view to raising the rate of domestic savings that are in decline, the government Tuesday re-launched the Kisan Vikas Patra (KVP) investment scheme designed to target the country's poor.

"In the last 2-3 years, the savings rate in the country has declined from a record high of 36.8 percent to below 30 percent due to a slowdown in the economy. It is, therefore, necessary to encourage people to save more," Finance Minister Arun Jaitley said at the launch here of the revamped KVP.