Sukanya Samriddhi Yojana
The Sukanya Samriddhi Yojana is a government-backed savings scheme in India designed to promote the education and marriage of girl children. Parents or guardians can open an account in the name of a girl child under the age of 10, allowing them to save money for her future needs. The scheme offers attractive interest rates, which are higher than regular savings accounts, and the deposits are eligible for tax benefits under Section 80C of the Income Tax Act.
The account can be maintained until the girl turns 21 years old, and partial withdrawals are allowed for educational purposes after she reaches 18. The scheme aims to empower girls by ensuring financial security and encouraging parents to save for their daughters' futures. It is part of the broader initiative to improve the status of girls in society and promote gender equality in India.