Latest news with #SukanyaSamriddhiYojana
Mint
14 hours ago
- Politics
- Mint
11 years of NDA: PM Modi says India's growth powered by 140 cr people – ‘from economic growth to social upliftment'
Prime Minister Narendra Modi said on 9 June, that through a clear focus on good governance and transformation powered by the blessings and collective participation of 140 crore Indians, India has witnessed rapid transformations across diverse sectors in last eleven years of NDA rule. India today, Modi said, is not just the fastest-growing major economy, but also a key global voice on pressing issues like climate action and digital innovation. 'Guided by the principle of 'Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas', the NDA government has delivered pathbreaking changes with speed, scale and sensitivity,' Modi said in a post on X on 9 June as Bharatiya Janata Party (BJP)-led National Democratic Alliance completes completes its 11 years in government at the Centre. Narendra Modi took oath as Prime Minister for the third time on 9 June 2024, With 293 MPs, the NDA comfortably exceeded the majority mark of 272 in the 543-member Lok Sabha after the 2024 general elections. 'From economic growth to social upliftment, the focus has been on people-centric, inclusive and all round progress. India today is not just the fastest-growing major economy, but also a key global voice on pressing issues like climate action and digital innovation,' Modi said in the post on X. We are proud of our collective success but at the same time, we look ahead with hope, confidence and a renewed resolve to build a Viksit Bharat, he said. The BJP-led NDA government at the centre released a book highlighting its achievements in empowering women over the last 11 years. The book highlights various key schemes, such as Beti Bachao Beti Padhao and Sukanya Samriddhi Yojana. "Driven by a bold, inclusive, and lifecycle-based approach, the government has launched targeted interventions in health, education, housing, digital access, sanitation, and financial inclusion. 'Nari Shakti' is now a national mission, empowering every woman--urban or rural, young or elderly--to live with dignity, safety, and self-reliance," the book reads. In another post on X, Modi said that in the last 11 years, the focus of every scheme of his government has been to ensure the welfare of the poor brothers and sisters as well as the common man. 'Be it Ujjwala or PM Awas, Ayushman Bharat or Bhartiya Janaushadhi or PM Kisan Samman Nidhi, all these schemes have given new wings to the hopes of the countrymen. During this time, we have made every possible effort to make the lives of the people easier with full devotion and spirit of service,' he said. Key Takeaways The NDA government has emphasized inclusive and people-centric growth strategies. India is positioned as a key global voice on issues like climate action and digital innovation. Women empowerment initiatives have been a significant focus, as seen in various government schemes.
India Gazette
a day ago
- Politics
- India Gazette
Women empowerment is crucial to India's growth: PM Modi
New Delhi [India], June 8 (ANI): Prime Minister Narendra Modi on Sunday emphasised that women's empowerment is vital to India's growth, highlighting a shift in societal perspective where women are no longer limited to traditional roles. Instead, they are recognised as key drivers of progress, contributing significantly to the nation's development. The BJP-led NDA government at the centre released a book highlighting its achievements in empowering women over the last 11 years. As the NDA completes its 11 years in government, the book highlights various key schemes, such as Beti Bachao Beti Padhao and Sukanya Samriddhi Yojana. 'Driven by a bold, inclusive, and lifecycle-based approach, the government has launched targeted interventions in health, education, housing, digital access, sanitation, and financial inclusion. 'Nari Shakti' is now a national mission, empowering every woman--urban or rural, young or elderly--to live with dignity, safety, and self-reliance,' the book reads. It said that for generations, Indian women faced systemic barriers--limited access to education, healthcare, employment, and decision-making, especially in rural and marginalised communities. Still, under Prime Minister Narendra Modi's leadership, a historic shift has taken place since 2014. Women are no longer seen as passive beneficiaries but as empowered agents of change, central to India's growth story. Women are leading self-help groups, launching businesses, breaking barriers in science, defence, and sports, and shaping the nation's future. Women and children comprise nearly 67.7 per cent of India's population, the report said, adding that their empowerment is not just social reform--it's a strategic imperative. As India enters Amrit Kaal, Nari Shakti stands as the unstoppable force driving a stronger, more inclusive nation forward. 'Empowerment isn't a singular event -- it is a journey. The Modi government's policies reflect this reality through programmes designed to support women through every phase of life. Prime Minister Narendra Modi has time and again reiterated that a nation can progress only when its women are equally empowered. Over the last 11 years, the Government of India has adopted a comprehensive, lifecycle-based policy framework to empower women across social, economic, political, and legal domains,' the book noted. The book further underlined the government's efforts to reduce violence and discrimination against women, providing a constitutional safeguard. 'From constitutional safeguards and landmark laws against violence and discrimination, to transformative schemes like Beti Bachao Beti Padhao, Mission Shakti, and movements like the historic Nari Shakti Vandan Adhiniyam, the focus has shifted from women's development to women-led development,' the book said. Further stressing the steps taken for women's education: 'Women's participation has surged in education, especially in STEM--skilling, entrepreneurship through Self-Help Groups, and public service. Legal reforms and labour codes promote safe and inclusive workspaces, while schemes like PM Awas Yojana, DAY-NRLM, and agricultural support initiatives have empowered women financially and socially. From grassroots governance to defence forces and aviation, women are now leading across sectors, driving inclusive and sustainable national growth.' Mentioning about India's fight against malnutrition Mission POSHAN--a transformative initiative that weaves together nutrition, health, and community to build a healthier future, the book said, 'With a visionary investment of over Rs 1.81 lakh crore, Poshan 2.0 is being rolled out over the 15th Finance Commission period (2021-22 to 2025-26) to build a culture of well-being--through improved practices, stronger immunity, and holistic wellness. It unites efforts across sectors, creating a convergent ecosystem that transforms nutrition into a shared mission of national development. At the heart of this movement lies POSHAN Abhiyaan, launched in 2018--a flagship programme that combines cutting-edge digital tools with grassroots action. From real-time tracking of nutrition indicators to community-driven campaigns, it has ignited a behavioural shift around food, health, and hygiene. This mission isn't just about feeding people--it's about fuelling a healthier, empowered India.' Designed as an integrated nutrition support programme, Mission POSHAN targets the most vulnerable--children, adolescent girls, pregnant women, and lactating mothers--by revamping both the content and delivery of nutrition services. The government in these 11 years set a target to upgrade 2 lakh Anganwadi Centres (AWCs) across the country during the 15th Finance Commission cycle (at 40,000 AWCs per year) under Mission Saksham Anganwadi and Poshan 2.0, which aim to deliver improved nutrition and Early Childhood Care & Education (ECCE), supporting holistic development of children under six. Launched by the Hon'ble Prime Minister on 26th December 2024, this campaign identifies and rewards the Top 1000 Gram Panchayats demonstrating exceptional grassroots work in improving nutrition and health outcomes. These 'Suposhit Gram Panchayats' serve as models of community-led progress in child and maternal nutrition. Further ensuring equal rights, the government implemented meaningful reforms that impact their everyday lives, like the abolition of Triple Talaq, which has given Muslim women the dignity and legal protection they long deserved. The other steps include: ' A Proposal to raise the marriageable age of women from 18 to 21 will help with education and employment opportunities. Doubling maternity leave to 26 weeks puts India among the most progressive nations in supporting working mothers. And with the scrapping of Article 35A, women in Jammu and Kashmir now enjoy equal property and legal rights--a historic correction of past injustice.' It further said that the Pradhan Mantri MUDRA Yojana (PMMY) scheme provides loans of up to Rs 20 lakh across four loan products. By March 2025, since the launch of the Pradhan Mantri MUDRA Yojana (PMMY), more than 52.5 crore+ loan accounts had been extended, with a sanctioned amount of Rs 34.11 lakh crore and a disbursed amount of Rs 33.33 lakh crore. Notably, about 68 per cent of these loans were granted to women entrepreneurs, underlining the scheme's pivotal role in boosting women-led businesses. 'Over the last 11 years, the Modi government's unwavering commitment to women's empowerment has transformed social welfare from a safety net into a springboard for leadership, dignity, and opportunity. In the last decade, India has laid the foundation for a future where women are no longer just participants -- they are leaders, innovators, protectors, and entrepreneurs. From space missions to grassroots governance, from kitchens to boardrooms, Nari Shakti is marching ahead -- stronger, freer, and more determined than ever,' the book further highlighted. (ANI)
India Today
24-04-2025
- Business
- India Today
Saving for daughter? Sukanya Samriddhi Yojana still offers high interest. Check rates
Launched by the Indian government under the 'Beti Bachao, Beti Padhao' initiative, Sukanya Samriddhi Yojana (SSY) is a savings scheme which assists parents or guardians in saving money for their daughter's future, particularly for higher studies or scheme not only offers high interest but also tax-free returns, thus making it one of the safest savings options for families with a girl RATE TO REMAIN CONSTANTThe interest rate for Sukanya Samriddhi Yojana remains at 8.2% for the April to June 2025 quarter, i.e., the government has not made any changes to SSY's interest rate. Though some people expected a drop in SSY's interest rates, the government hasn't made any rate cut. So, if you've already invested or are planning to, the returns are still amongst the highest in the small savings schemes RATES REVIEWED EVERY QUARTERThe government reviews interest rates for small savings schemes every three months. For this quarter, there are no changes in any of the schemes, including SSY. So your investment stays safe and continues to earn a good MUCH CAN YOU DEPOSIT IN SSY?You can open an SSY account with just Rs 250. To keep it active, you must deposit at least Rs 250 every year, while the maximum amount which can be deposited each year is Rs 1.5 lakh. You can choose to deposit all at once or in small amounts throughout the year, whatever suits your OF SSYadvertisementThe money you put into the SSY account earns interest every year, and that interest is added to your balance. Both the interest and the total amount you get at maturity are completely made under SSY are eligible for deductions under Section 80C, though one can avail a maximum benefit of up to Rs 1.5 DOES THE ACCOUNT MATURE?The account matures 21 years from the date it was opened. At that time, you can withdraw the full amount along with the interest earned. If the girl gets married after turning 18, the account can also be closed early.
India.com
23-04-2025
- Business
- India.com
Sukanya Samriddhi Yojana: Has Interest Rate Reduced From 8.2% In April-June 2025? Check Deposit Limits, Withdrawals, Premature Closure & More
photoDetails english Sukanya Samriddhi Yojana is a government-backed savings scheme aimed at securing the future of the girl child. For the April–June 2025 quarter, updates include details on deposit limits, withdrawal rules, premature closure options, and more. It remains a popular choice for long-term, tax-friendly investment. Updated:Apr 23, 2025, 05:14 PM IST What Is Sukanya Samriddhi Yojana? 1 / 8 Launched under the 'Beti Bachao, Beti Padhao' initiative, Sukanya Samriddhi Yojana is a government-backed savings scheme designed specifically for the girl child. It helps parents build a secure financial future for their daughters by offering tax-free, high-interest returns. With guaranteed benefits and flexible deposit options, it's one of the most trusted long-term investment choices for families across India. No, the Interest Rate Has Not Been Reduced 2 / 8 The interest rate on the Sukanya Samriddhi Yojana remains steady at 8.2 per cent for the April to June 2025 quarter. Despite speculation, the government has not made any changes to this scheme's return. It continues to be one of the highest-yielding options among all small savings schemes available in India. Reviewed but Unchanged 3 / 8 The interest rates of all small savings schemes, including Sukanya Samriddhi Yojana are reviewed by the government every quarter. For the current April–June period, no changes have been announced for any of the schemes, ensuring that SSY stays attractive for long-term savers. How Much Can You Deposit? 4 / 8 Parents can open an SSY account with just Rs 250. To keep the account active, at least Rs 250 must be deposited each year. The maximum amount that can be deposited annually is Rs 1.5 lakh. You can invest in one go or in monthly instalments, making it flexible and easy to manage. What Happens to Your Money? 5 / 8 The money in an SSY account earns interest, which is compounded annually. The best part? Both the interest and the maturity amount are completely tax-free. It's a secure and rewarding way to save for your daughter's future. Planning for Education? SSY Helps 6 / 8 Once the girl child turns 18 or passes Class 10, partial withdrawal is allowed from the account. Up to 50 per cent of the balance from the previous financial year can be withdrawn to meet educational expenses. This can be done either in a lump sum or in yearly instalments over five years. Can You Close the Account Early? 7 / 8 While SSY is a long-term plan, premature closure is allowed in special situations. These include the death of the account holder or extreme compassionate grounds, like a life-threatening illness. In such cases, interest is paid at the standard Post Office Savings rate. Final Maturity of the Account 8 / 8 The SSY account matures 21 years after it is opened. At that point, the full balance, along with the interest, can be withdrawn. Alternatively, if the girl marries after the age of 18, the account can also be closed early, allowing access to the accumulated savings.
Time of India
23-04-2025
- Business
- Time of India
Has Sukanya Samriddhi Yojana interest rate reduced from 8.2% in April-June 2025 quarter?
Was the interest rate of Sukanya Samriddhi Yojana changed for April-June 2025 quarter? Maximum and minimum deposit in SSY account Interest earned and maturity from SSY account Partial Withdrawal from SSY for education (After 18 Years) Live Events You Might Also Like: FD interest rates up to 7.95%: These banks have revised FD interest rates last week Premature closure of the SSY account The Sukanya Samriddhi Yojana (SSY) is one of the most popular small savings schemes in India. The scheme allows parents of the girl child to save for their education and marriage by earning tax-free returns. The scheme is backed by the Government of India under the Beti Bachao, Beti Padhao initiative, offering a sovereign guarantee. The scheme offers attractive returns and tax benefits, making it a preferred choice for long-term savings among parents of girl government reviews the interest rates of small savings schemes, including Sukanya Samriddhi Yojana, every government has not changed the interest rate on the Sukanya Samriddhi Yojana. The scheme will continue to offer 8.2% per annum for the April–June 2025 quarter, one of the highest among the post office savings schemes. It is important to note that the government has not changed the interest rate for any small savings scheme for the current the Sukanya Samriddhi Yojana (SSY), deposits are governed by specific rules. This is done to encourage regular savings for the parents while maintaining flexibility for contributors. The account can be opened with a minimum initial deposit of Rs 250, making it accessible for most families. In every financial year, a minimum deposit of Rs 250 must be made to keep the account active, while the maximum deposit allowed is Rs 1.5 lakh. Contributions can be made in one lump sum or through monthly instalments in multiples of ?50, allowing depositors to save according to their interest on the SSY deposits is compounded annually and is tax-free. The maturity amount is also Samriddhi Yojana (SSY) account allows for partial withdrawals after the girl child reaches the age of eighteen or completes the tenth grade, whichever comes first. This withdrawal is mostly intended to pay for educational expenditures like tuition, fees associated with the course, or other verifiable withdrawal amount can be up to 50% of the balance available at the end of the preceding financial year. This withdrawal can either be made as a one-time lump sum or in instalments, with a maximum of one instalment allowed per year over a period not exceeding five years. However, the withdrawal should not exceed the specified ceiling and must be aligned with the educational institution's actual closure of the SSY account is permitted under specific and exceptional circumstances. However, the account can be closed after five years of account opening. The primary grounds for such closure include the death of the account holder (the girl child). The deposits in the SSY account will accrue interest at the Post Office Savings Account interest rate from the date of death until the final payment date in this scenario. Other reasons for closure of the account, such as compassionate grounds, and legitimate justification for an early closure, including the account holder's life-threatening illness or the passing of the guardian managing the of the Sukanya Samriddhi account on maturityThe Sukanya Samriddhi Account matures 21 years after the date of opening. At this time, the account can be closed, and the full balance, including interest, will be received. Alternatively, the account can be closed after the girl marries, as long as she is at least 18 years old.
