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New Delhi, Feb. 1: Union Finance Minister Nirmala Sitharaman announced a ‘Mahila Samman Savings Certificate’ with a fixed interest rate of 7.5 percent for two years.
The deposit can be made in the name of a woman or a girl child. The maximum deposit amount has been kept at Rs 2 lakh, and the scheme will have a partial withdrawal facility as well.
“One-time new small savings under ‘Mahila Samman Saving Patra’. “The deposit facility for the women and girls will be for a period of two years with a rate of interest of 7.5 percent,” Sitharaman announced.
Meanwhile, India’s Union Budget 2023–24 also lays emphasis on strengthening and improving girl’s participation in sport and investing in young sportswomen at the grassroots level.
She also said that for the economic empowerment of women under the Deendayal Antyodaya Yojana National Rural Livelihood Mission, 81 lakh self-help groups have been created by mobilizing rural women.
Sitharaman also announced enhancing the maximum amount of money that can be invested in the senior citizen saving scheme (SCSS) to Rs 30 lakh, compared to Rs 15 lakh now.
The postal monthly income scheme also saw an enhancement of its limit. In a single name, Rs 9 lakh can be invested, as compared to Rs 4.5 lakh now.
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( With inputs from : kashmirnews.in )
