Sukanya Samriddhi Yojana: Under this scheme, the state government will give 30 thousand rupees to these daughters.

Edited By: Vicky M, Nov 02, 2024, New Delhi
Sukanya Samriddhi Yojana update: Rajasthan government has signed an agreement with the postal department regarding Sukanya Samriddhi Yojana for daughters in the direction of women empowerment. Under this scheme, the Rajasthan government will invest Rs 30,000 as assistance in the accounts of eligible girls. Let us tell you that under this scheme, accounts are opened in post offices for girls below 10 years of age. Rajasthan government has announced an investment of Rs. 30 thousand in the budget for the eligible beneficiary girl child of Mukhyamantri Balika Sambal Yojana.

As per the agreement with the Postal Department, the scheme has been implemented from March 16. Sonless couples are eligible for the scheme after undergoing sterilization on two girl children. With the investment amount of the government, three accounts will be opened in the postal department of the eligible beneficiary girl child. In which Rs 500 will be invested in Postal Savings Account Basic, Rs 25 thousand in Sukanya Samriddhi Yojana and Rs 3500 in 5-year fixed deposit. But the parents of the girls eligible for the scheme will have to take a certificate from the Medical, Health and Family Welfare Department of the State Government. After this, the benefits of the scheme can be availed by contacting the post office.

Targets given in sub-post offices and branches: Targets have been given to take the scheme to the masses and open accounts under Sukanya Samriddhi Yojana. The target is to have 50 accounts for Deoli sub-branch and 15 accounts each for post offices.

Women empowerment is the main objective of the investment agreement between Rajasthan Government and Postal Department. The objective of the scheme is to stop the falling sex ratio and child marriage, improve girls' education, provide economic strength to the girl child and her parents, secure the future of the girl child, try to stop female foeticide, all-round development and well-being of the daughters in the family. There will be involvement of the government along with the parents to provide education. Eligibility under the scheme is one or two girl children of a sonless couple of the state whose age is 0 to 5 years.

Introduction to Sukanya Samriddhi Yojana

Minimum deposit ₹ 250/- Maximum deposit ₹ 1.5 lakh in a financial year.

The account can be opened in the name of the girl child till she attains the age of 10 years.

Only one account can be opened in the name of a girl child.

The account can be opened in post offices and authorized banks.

Withdrawals will be allowed to meet education expenses for the purpose of higher education of the account holder.

The account can be closed prematurely if the girl gets married after she turns 18 years of age.

The account can be transferred from one post office/bank to another anywhere in India.

The account will mature on completion of 21 years from the date of account opening.

The deposit is eligible for deduction under Section 80-C of the Income Tax Act.

The interest earned in the account is exempt from income tax under Section 10 of the Income Tax Act.

Amount deposited:
– (1) An account may be opened with a minimum initial deposit of two hundred and fifty rupees and thereafter in multiples of fifty rupees and subsequent deposits shall be in multiples of fifty rupees subject to the condition that a minimum of two hundred and fifty rupees in one account in a financial year Will be deposited.

(2) The total amount credited to any account shall not exceed one lakh fifty thousand rupees in a financial year:

Provided that if a deposit amounting to more than one lakh fifty thousand rupees in any financial year is accepted due to any accounting error, no interest shall be payable thereon and the same shall be immediately returned to the depositor.

(3) The amount deposited in the account can be deposited till the completion of the period of fifteen years from the date of opening of the account.

(4) An account in which the minimum amount specified in sub-section (1) has not been deposited shall be deemed to be a default account:

Provided that the defaulting account may be regularized at any time till the completion of the period of fifteen years from the date of opening of the account on payment of a penalty of fifty rupees for each year of default along with the minimum annual deposit amount in respect of the defaulting years. .

(5) In the case of an account subject to default, if not regularized within the time specified under sub-paragraph (4), the entire deposit, including deposits made before the date of default, shall remain in the account of the Scheme till the closure of the account. Will be eligible for interest at the rate applicable for the same.

Interest on Deposit:
-(1) Interest at the rate of 8.4 percent per annum will be given on the deposits made in the account and the balance in the account between December 12, 2019 to March 31, 2020 (both days inclusive).

(1A) Deposits made in the account on or after April 1, 2020 and the balance in the account will earn interest at the rate of 7.6 percent per annum.

Sub-paragraph 5(1) was amended and sub-paragraph 5(1A) was amended by G.S.R. No. 288 (E) dated 05/05/2020

(2) Interest shall be calculated on the lowest balance in the account between the end of the fifth day for the calendar month and the end of the month. Interest will be credited to the account at the end of each month.