Government schemes
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is a small savings scheme run by the Ministry of Finance, launched in 2015.
The detail
| Ministry | Finance |
|---|---|
| Launched | 2015 |
| Type | small savings scheme |
| Statutory basis | Notified under the Government Savings Promotion Act, 1873 (Sukanya Samriddhi Account Scheme, 2019) |
| Funding | Deposit scheme under Beti Bachao Beti Padhao; Government-notified interest rate |
| Aim | Long-term savings account for a girl child below 10, maturing at 21 years of account age |
Commonly confused: Account can be opened only before the girl turns 10; partial withdrawal allowed at 18 for education. It IS statutorily notified, under the 1873 savings Act.
Source: en.wikipedia.org/wiki/Sukanya_Samriddhi_Account
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