Thursday, February 22nd, 2024

7.5% interest on special savings scheme for women, how much money can be deposited


Highlights:

The Finance Minister announced the launch of ‘Mahila Samman Savings Certificate’ during the budget.
Under this, women will be given interest at a fixed rate of 7.5 percent.
The duration of this scheme is 2 years, in which investment facility up to Rs 2 lakh will be given.

New Delhi. Union Finance Minister Nirmala Sitharaman on Wednesday announced the launch of ‘Mahila Samman Savings Certificate’ as a step of the government towards women empowerment during the budget in the Lok Sabha. Explain that through this small savings scheme, deposit facilities will be provided to women and girls.

Presenting the budget, Finance Minister Sitharaman said that a one-time investment scheme will be implemented to make women financially stronger. In this, up to Rs 2 lakh can be deposited at a time, on which 7.5 percent interest will be given. Women in rural areas will be financially strengthened through Mahila Samman savings certificate.

Will get 7.5 percent interest on deposits
Announcing the Mahila Samman Savings Certificate, the Finance Minister said that under this scheme, women would be given a fixed rate of interest of 7.5 per cent with the option of partial withdrawal. The duration of this scheme has been kept for 2 years. At the same time, facility will be given to deposit an amount of up to Rs 2 lakh in the name of women or girls. In this way, if one invests 2 lakh rupees in this scheme for 2 years, then he will get a total interest of 30 thousand rupees.

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Self help groups are making strong base
During the budget, the Finance Minister said that Deendayal Antyodaya Yojana National Rural Livelihood Mission has achieved remarkable success by organizing rural women into 81 lakh self-help groups. He further added “We will enable these groups to reach the next stage of economic empowerment through formation of large producer enterprises or clusters. Each of which will have thousands of members and will be managed professionally. They will be helped in supply of raw material and for better design, quality, branding and marketing of their products. Policies will be made for them which will enable them, like ‘unicorns’ and many successful start-ups, to scale up their operations to serve larger consumer markets.

Better than FD and other savings scheme?
The new savings scheme being started for women is much better than the post office FD, because where 6.8 per cent interest is being received on two-year FD, this option is giving 7.5 per cent return. Similarly, 7.1 percent interest is being received on PPF, 7 percent on NSC, 7.2 percent on Kisan Vikas Patra, which is less than this.

Tags: budget 2023, business news, business news in hindi, finance minister, Finance Minister Nirmala Sitharaman, FM Nirmala Sitharaman, Nirmala Sitaraman, Women Empowerment

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