Explanation:

National Savings Institute under the Ministry of Finance, announced West Bengal as the largest contributor to the Small Savings Schemes with Rs. 90,000 crore contribution during 2017-18.

i.Over the years, West Bengal is the highest contributor to the schemes, with 12-15% of India’s total contribution.

ii.It is followed by Uttar Pradesh, with a gross collection of Rs 69,660.70 in 2017-18.

About West Bengal:

i.Kolkata city is nicknamed as “Cultural Capital of India”.

ii.One of the World’s largest mangrove forests & UNESCO World Heritage Site ‘Sundarbans’ is located in West Bengal.