Home India What is Mahila Samman Saving Certificate? How to get benefit?

What is Mahila Samman Saving Certificate? How to get benefit?

by Trend News
2 minutes read
Finance Minister Nirmala Sitharaman

What is Mahila Samman Saving Certificate: Finance Minister Nirmala Sitharaman announced various schemes in Budget 2023. In this, Mahila Samman Saving Certificate Scheme was announced to encourage women to save.

Finance Minister Nirmala Sitharaman on Wednesday announced a new savings scheme for women in her budget proposal. In this scheme named ‘Mahila Samman Savings Certificate’, interest will be given on the deposited amount at a fixed rate of 7.5 percent for 2 years.

Under this scheme, deposits can be made in the name of a woman or girl child. Under this, the maximum deposit amount has been kept at Rs 2 lakh and the scheme will also have the facility of partial withdrawal.

The finance minister announced, “New one-time small savings under Mahila Samman Bachat Patra. Deposit facility for women and girls for a period of two years with an interest rate of 7.5 percent.”

He also said that under the Deendayal Antyodaya Yojana National Rural Livelihood Mission, 81 lakh self-help groups have been formed by gathering rural women for economic empowerment of women.

The Finance Minister said that under the PM-Kisan Samman Nidhi, financial assistance of more than Rs 2.25 lakh crore has been provided to small farmers. Along with this, about three crore women farmers have been provided Rs 54,000 crore under the scheme.

Sitharaman also announced raising the maximum amount that can be invested in the Senior Citizens Savings Scheme to Rs 30 lakh. This amount is now 15 lakh rupees.

The limit of Postal Monthly Income Scheme has also been increased. Now, instead of Rs 4.5 lakh, up to Rs 9 lakh can be invested in the name of a single person.

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