The Central Government has reduced the minimum amount of money from Rs 1,000 to Rs. 250 per annum in Sukanya Sanchhini Yojana. This decision of the government can increase the number of users of the scheme. In January 2015, the Modi government launched this savings scheme on the names of daughters.
Government has made Sukanya Prosperity Account Rules. In 2016, researched. According to this, now 250 rupees can be invested in the scheme by depositing an annual amount. Arun Jaitley, the then finance minister, said that the scheme was one of the major successes of the Modi government.
The central government said in the budget that till November 2017, 1.26 crore accounts have been opened under the scheme. In this, Rs 19,183 crore has been deposited. Like the PPF and other small savings schemes, the interest rate of this scheme is also determined on a quarterly basis.
The interest rate for this scheme has been fixed at 8.1% for the July-September quarter. According to the scheme, the girl child can open the account on her name for 10 years of age. According to the notification of the government, account can be opened in any post office branch and government bank under the Sudanese prosperity scheme.
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