Complete Step-by-Step Guide to Sukanya Samriddhi Yojana – Beti Bachao Beti Padhao

Sukanya Samriddhi Yojana is a girl child savings scheme launched by the Government of India. It has been launched to encourage families to save regularly for their girl child’s future.

The Sukanya Samriddhi Scheme is a government-sponsored scheme that was introduced in 2008 with the objective of encouraging parents to save for their daughters’ future. The scheme was introduced as a response to the declining sex ratio in India and the lack of financial security for women.

The Sukanya Samriddhi Yojana provides a daughter with an account in her name, which she can access at any time after she turns 18 years old. This account is opened by her parents or guardian, who are required to contribute Rs 1,000 every year until she reaches 18 years old. A maximum contribution of Rs 210,000 can be made if the minor is between the age of 5 and 18.

Introduction to Sukanya Samriddhi Yojana

Sukanya Samriddhi Scheme is a girl child welfare scheme by the Indian government. It was launched in 2015 and has been a huge success. The main aim of the scheme is to provide for the financial security of girls by providing them with Rs. 150000 when they turn 18 years old if they are unmarried.

The Sukanya Samriddhi Scheme has been successful because it provides girls with two things that are crucial for their financial security: money and time. The money that is deposited in her account can be withdrawn only after she turns 18 years old, which gives her enough time to plan out how to use it wisely and not spend it all on something unimportant or unproductive.

Benefits of the Sukanya Samriddhi Yojana

The scheme is aimed at the financial empowerment of women and girls, and to reduce gender inequality.

The Sukanya Samriddhi Scheme has several benefits like tax-free interest income, withdrawal of funds only after the girl turns 18 years old, no restrictions on withdrawal after marriage or during pregnancy, no limit on maximum deposit amount, and an option to continue the account in case of death of either parent.

Advantages of the Sukanya Samriddhi Yojana – Why invest in this scheme?

The Sukanya Samriddhi Scheme is a tax-free savings scheme for the girl child. It was launched by the Prime Minister of India, Narendra Modi on April 8, 2015. The scheme is open to all Indian citizens and will remain open till December 31, 2029.

The Sukanya Samriddhi Scheme has many advantages and it is important for people to know about them and invest in this scheme. It is a tax-free savings scheme which means that the earnings from this scheme are not taxed at all. This makes it more profitable than other investments like Fixed Deposits or Public Provident Fund (PPF). The Sukanya Samriddhi Scheme offers an interest rate of 8% per annum which means that Rs 1 lakh invested in this scheme will earn Rs 112,250 per year.

What are All The Investments That I Can Do from Sukanya Samriddhi Yojana?

Sukanya Samriddhi Scheme is a scheme launched by the Government of India for women. The scheme provides an opportunity to save money for their daughter’s education.

The Sukanya Samriddhi Scheme is a savings scheme exclusively for women, which provides an opportunity to save money for their daughter’s education. The investment can be made in three ways – lump sum, monthly installments, and through systematic investment plans (SIP).

The Sukanya Samriddhi Scheme was launched by the Government of India in order to help women provide their daughters with the best opportunities that they can afford.

How to Apply for Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana is a scheme introduced by the Indian Government for women who have less than one lakh rupees in their name.

The scheme is applicable only to women. The applicant should be between 18-40 years old and should have less than 1 lakh rupees in their name. The applicant must also be the only earning member of her family.

The applicant should not have more than two children and she must be below poverty line.

Visit the Official Website Beti Bachao Beti Padhao Yojana – Ministry of Women and Child Development i.e. or directly access it from the below link

https://wcd.nic.in/schemes/beti-bachao-beti-padhao-scheme

What Documents are Required To Be Eligible for Sukanya Samriddhi Yojana?

To be eligible for the Sukanya Samriddhi Scheme, a person should be a resident of India and have attained the age of 18 years.

The person should not have any outstanding loans from any financial or non-financial institution.

The document required to be eligible for the Sukanya Samriddhi Scheme is a copy of Proof of Identity, Proof of Address and Proof of Date of Birth.

Conclusion

The Sukanya Samridhi Yojana is a scheme launched by the Government of India in 2015 with the objective of enabling parents to accumulate savings for their daughters’ education. The scheme provides a deposit of Rs.5000 in a special account in the name of the girl child and earns interest at a rate of 8% per annum.

The Sukanya Samridhi Yojana has been successful in promoting financial inclusion among women and encouraging them to save for their children’s future.

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