FM Nirmala Sitharaman announces Mahila Samman Savings Certificate scheme

FM Nirmala Sitharaman announces Mahila Samman Savings Certificate scheme

Daily Current Affairs / FM Nirmala Sitharaman announces Mahila Samman Savings Certificate scheme

Change Language English Hindi

Category : National Published on: February 03 2023

Share on facebook

Indian Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament on Wednesday (February 1), with a focus on the inclusive development of all sectors and sections of people.
During her speech, Sitharaman announced a 'Mahila Samman Saving Certificate' with a fixed interest rate for two years.
The deposit can be made in the name of a woman or a girl child. The finance minister announced that this new saving initiative can be availed for a deposit amount with a partial withdrawal option.
The deposit facility for the women and girls will be for a period of two years with a rate of interest of 7.5 per cent.

Objectives of Mahila Samman Savings Certificate scheme:

The Mahila Samman Bachat Patra is a one-time new small savings scheme.
It will be made available for a two-year period up to March 2025.
This will offer a deposit facility of up to Rs 2 lakh in the name of women or girls for a tenor of two years.
The scheme can be availed at a fixed interest rate of 7.5 per cent with a partial withdrawal option.

Recent Post's

IBM inaugurated the Sangam Infrastructure Innovation Centre at its India Systems Development Lab (ISDL) campus to strengthen India's role in advanced AI infrastructure engineering for Indian enterprises and global markets.
Read More....
Sabrina Wittmann, 34, became the first woman to manage a professional men's football team in Germany after securing the permanent head coach role at FC Ingolstadt 04 following her interim appointment in 2024.
Read More....
RM Nachammai has become the first woman to head operations of a functional nuclear power plant in India, appointed as Chief Superintendent of Kaiga Generating Station Units 3 and 4 in Karnataka, effective 15 March 2026.
Read More....
American actor Corey Parker, known for his role as Josh in Will & Grace, passed away on 5 March 2026 in Memphis, Tennessee, at the age of 60 after battling stage-4 metastatic cancer.
Read More....
Veteran Telugu actor Chiranjeevi was honoured with the NTR National Film Award at the Gaddar Telangana Film Awards 2025 in recognition of his remarkable contribution to Indian cinema over more than four decades.
Read More....
Tamil Nadu Chief Minister M.K. Stalin launched the Tamil Nadu Women Entrepreneur Empowerment Scheme (TWEES) to encourage one lakh women to take up entrepreneurship over the next five years through training and financial support.
Read More....
The inaugural Khelo India Tribal Games (KITG) will be held from 25 March to 6 April in Raipur, Jagdalpur and Sarguja in Chhattisgarh, featuring seven medal sports to promote tribal sporting talent across India.
Read More....
President Droupadi Murmu announced a major gubernatorial reshuffle appointing Shiv Pratap Shukla as Telangana Governor, R.N. Ravi as West Bengal Governor, and Taranjit Singh Sandhu as Lieutenant Governor of Delhi.
Read More....
Researchers discovered two new freshwater fish species — Glyptothorax sentimereni and Oreichthys elianae — from tributaries of the Brahmaputra River in Nagaland's Mokokchung district, published in the journal Zootaxa.
Read More....
India placed naval assets under Operation Sankalp on standby for humanitarian assistance amid rising West Asia tensions, with PM Modi chairing a Cabinet Committee on Security meeting on 1 March 2026 to assess implications.
Read More....