PM Narendra Modi launched Sukanya Samridhi Yojana under BBBP campaign

Jan 23, 2015 10:47 IST

BBBP campaignPrime Minister Narendra Modi on 22 January 2015 launched a small deposit scheme Sukanya Samridhi Yojana for girl child under the Beti Bachao Beti Padhao (BBBP) campaign.

The scheme will ensure equitable share to a girl child in resources and savings of a family in which she is generally discriminated against a male child.

Sukanya Samridhi Yojana will enable parents to open bank accounts of girls who are under 10 years of age.

About the Sukanya Samridhi Account
• Sukanya Samridhi Account will fetch an interest rate of 9.1 percent and provide income tax rebate.
• Sukanya Samridhi Account can be opened at any time from the birth of a girl child till she attains the age of 10 years with a minimum deposit of 1000 rupees.
• A maximum of 1.5 lakh rupees can be deposited during the financial year. The account can be opened in any post office or authorised branches of commercial banks.
• The account will remain operative for 21 years from the date of opening of the account or marriage of the girl child after attaining 18 years of age.
• To meet the requirement of higher education expenses, partial withdrawal of 50 percent of the balance amount will be allowed after the girl child has attended 18 years of age.

Is this article important for exams ? Yes970 People Agreed

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