Mahila Samman Savings Certificate Scheme 2024: The Mahila Samman Savings Certificate Scheme is a government scheme specially designed for the economic empowerment of women and girls. The following benefits will be provided to the beneficiaries under this scheme.
- An interest rate of 7.50 percent will be received on the deposited amount.
- The maximum deposit limit will be up to Rs 2 lakh.
- Deposit of amount will be allowed for a maximum period of 2 years.
- There will be a facility to withdraw the amount anytime before 2 years.
Mahila Samman Savings Certificate Scheme is an important scheme launched for women. Through this scheme, the government is working to improve the standard of living of women. Today in this article, we will provide you with information about the eligibility prescribed under the scheme, all the necessary documents required, and the application process of the scheme.
Overview of the Mahila Samman Savings Certificate Scheme
| Name of the scheme | Mahila Samman Savings Certificate Scheme |
| Starting date | 01.04.2023 |
| expire date | 31.03.2025 |
| Beneficiary | Women and girls |
| Benefit | 7.50% interest rate on deposits |
| application system | will be released soon |
About Mahila Samman Savings Certificate Scheme
Mahila Samman Savings Certificate Scheme was announced by the Hon’ble Finance Minister Smt. Nirmala Sitharaman while presenting the budget on 1 February 2023. The main objective of this scheme is to empower women and girls financially. This is a small savings scheme in which beneficiaries can deposit a maximum amount of Rs 2 lakh in their bank account. Interest will be given on this amount at the rate of 7.50 percent, which is the highest interest rate to date.
The central government started a scheme, you will get the benefit of 300 units of free electricity
Features of the Mahila Samman Savings Certificate Scheme
- Under the Mahila Samman Savings Certificate Scheme, beneficiaries can deposit a maximum of Rs 2 lakh.
- Under this scheme, interest will be given at the rate of 7.50 percent. 3. The deposited amount will be kept in the scheme accounts for 2 years only.
- Beneficiaries can withdraw their deposits even before the completion of 2 years.
- The scheme will end on March 31, 2025, although the government reserves the right to extend the scheme.
Mahila Samman Savings Certificate Scheme Eligibility
- Beneficiary: The applicant should be a woman or girl.
- Required documents: Aadhar card and PAN card. Benefits under the Mahila Samman Savings Certificate Scheme
The following benefits will be given to the beneficiaries under the Mahila Samman Savings Certificate Scheme
- Interest Rate: The interest rate of 7.50% on the deposited amount.
- Deposit Limit: Maximum deposit limit up to Rs 2 lakh.
- Time Limit: The maximum period for depositing amount is 2 years.
- Facility to withdraw amount: You can withdraw the amount anytime before 2 years.
Announcement and objective of the Mahila Samman Savings Certificate Scheme
Mahila Samman Savings Certificate Scheme was announced by the Hon’ble Finance Minister Smt. Nirmala Sitharaman while presenting the budget on 1 February 2023. The main objective of this scheme is to empower women and girls financially. This scheme has been created to promote the economic self-reliance of women and their financial stability.
Implementation of the Mahila Samman Savings Certificate Scheme
The implementation of the Mahila Samman Savings Certificate Scheme has started from 1st April 2023 and it will continue till 31st March 2025. However, the government reserves the right to extend this scheme further. Applicants have to wait a bit to get information about the application process as guidelines for the same will be issued soon.
Mahila Samman Savings Certificate Scheme is an important government initiative that is a significant step towards empowering women and girls financially. Under this scheme, financial independence and security are being provided to women through high interest rates and flexible deposit and withdrawal options. This will help women to increase their savings and achieve financial stability.
Mahila Samman Savings Certificate Scheme Application Process
The following steps have to be taken to apply for the Mahila Samman Savings Certificate Scheme.
- The applicant will have to contact her nearest post office.
- Take the application form from there and fill it out properly.
- Attach the required documents, like an Aadhaar card and PAN card, with the application.
- After the account is opened in the scheme, deposit the required amount.
