Sukanya Samriddhi Yojana :Empowering Girls

Introduction

Sukanya Samriddhi Yojana is a government-backed savings scheme that aims to promote the financial security and welfare of the girl child in India. The scheme, launched in 2015, has gained popularity among parents and guardians who want to secure their daughter’s future financially.

https://www.india.gov.in/

Eligibility and Account Opening

The scheme is open to parents or guardians of a girl child who is below the age of 10 years. A maximum of two accounts can be opened for two different girl children. The account can be opened at any post office or authorized branches of commercial banks across India.

Deposit Limits and Interest Rate

The minimum deposit for opening the account is Rs. 250, and the maximum deposit limit is Rs. 1.5 lakh per financial year. Deposits can be made in multiples of Rs. 100. The interest rate on the scheme is reviewed and revised by the government every quarter. Currently, the interest rate is 7.6% per annum (as of April 2023).

Maturity Period and Withdrawal

The maturity period of the account is 21 years from the date of opening, and the account can be continued until the girl child reaches the age of 26 years. Partial withdrawals are allowed from the account once the girl child attains the age of 18 years, up to a maximum of 50% of the account balance. The account can be closed prematurely under certain circumstances, such as the marriage of the account holder after the age of 18 or in the event of the account holder’s death.

Tax Benefits

The scheme also provides tax benefits under Section 80C of the Income Tax Act, which allows for a deduction of up to Rs. 1.5 lakh from taxable income.

Empowering the Girl Child

The Sukanya Samriddhi Yojana is a significant step towards empowering the girl child in India. The scheme provides financial security and encourages parents to save for their daughter’s future. It also promotes the education and welfare of the girl child, as the partial withdrawals can be used for educational expenses.

The scheme is also an important tool for promoting financial inclusion in the country. By providing a dedicated savings scheme for the girl child, the government is encouraging parents to invest in their daughter’s future and to ensure that they have equal opportunities as their male counterparts.

Conclusion

The Sukanya Samriddhi Yojana is a commendable scheme that provides financial security and promotes the education and welfare of the girl child in India. The scheme’s tax-saving potential and attractive interest rates make it an attractive investment option for parents. The scheme’s design to empower the girl child and promote financial inclusion is a step towards building a more equal and prosperous society.

Frequently Asked Questions :FAQ :

What is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana is a government-backed savings scheme for the girl child, launched by the Government of India in January 2015. The scheme aims to promote the welfare and education of girl children, as well as to empower them through financial inclusion.

Who can open an account under the scheme?

The account can be opened by the parent or legal guardian of the girl child. Only one account can be opened per girl child, and a maximum of two accounts can be opened for a family with two girl children.

What is the minimum and maximum deposit for the scheme?

The account can be opened with a minimum deposit of Rs. 250 and a maximum deposit of Rs. 1.5 lakh in a financial year.

What is the interest rate offered by the scheme?

The interest rate offered by the scheme is fixed by the government and is subject to change from time to time. The current interest rate for the scheme is 7.6% per annum, which is compounded annually.

What is the maturity period of the scheme?

The maturity period of the account is 21 years from the date of opening. The account can be closed after the girl child turns 21 years old or gets married after the age of 18 years.

{ “@context”: “https://schema.org”, “@type”: “Article”, “mainEntityOfPage”: { “@type”: “WebPage”, “@id”: “https://apnasamaaj.com/” }, “headline”: “Sukanya Samriddhi Yojana”, “description”: “Sukanya Samriddhi Yojana is a government-backed savings scheme that aims to promote the financial security and welfare of the girl child in India. The scheme, launched in 2015, has gained popularity among parents and guardians who want to secure their daughter’s future financially.”, “image”: “https://apnasamaaj.com/wp-content/uploads/sites/3/2023/04/download-1.jpg”, “author”: { “@type”: “Person”, “name”: “” }, “publisher”: { “@type”: “Organization”, “name”: “https://apnasamaaj.com/”, “logo”: { “@type”: “ImageObject”, “url”: “” } }, “datePublished”: “2023-04-11” }

https://apnasamaaj.com/

Apna Samaaj

Our mission at Apna Samaaj is to connect underprivileged communities in India with the resources and opportunities they need to thrive. We aim to create a comprehensive platform that provides access to welfare schemes from government bodies and NGOs, as well as private organizations, helping to bridge the gap between those in need and those who can provide support. Through our efforts, we strive to empower individuals and communities, drive economic growth, and make a positive impact on society.