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

Indian-American musician and entrepreneur Chandrika Tandon has won a Grammy Award for her album "Shanti - A Journey of Peace".
Read More....
Shri H Shankar has taken charge as the Managing Director of Chennai Petroleum Corporation Ltd.
Read More....
Prime Minister launches Dhan-Dhaanya Krishi Yojana to enhance agricultural productivity in 100 low crop productivity districts.
Read More....
Canada imposes a 25% tariff on U.S. imports in retaliation to Trump's tariffs.
Read More....
Benjamin Netanyahu appoints Major General Eyal Zamir as the new head of the Israeli Defense Forces.
Read More....
India and Oman agree to amend the Double Taxation Avoidance Agreement to enhance bilateral cooperation.
Read More....
New Zealand's Mount Taranaki has been granted legal personhood, recognizing it as a living entity with rights and responsibilities.
Read More....
The Government of India has appointed Abhinav Gupta as the Additional Director General of the Directorate General of Foreign Trade (DGFT).
Read More....
Former Chief Election Commissioner Navin Chawla Dies At 79.
Read More....
All India Radio and the Ministry of Culture launched the classical music series 'Har Kanth Mein Bharat' to celebrate India's rich musical heritage.
Read More....