Sukanya Samriddhi Yojana (SSY): A Decade of Empowering Girl Children
| Key Points | Details |
|---|---|
| Why in News | Sukanya Samriddhi Yojana (SSY) completes 10 years since its launch on January 22, 2015. |
| Launch Date | January 22, 2015 |
| Objective | Financial security and savings for girl children |
| Interest Rate | Initially 9.1% (2015); peaked at 9.2%; currently 8.2% (January 2024) |
| Tax Benefits | Tax deduction under Section 80C; tax-free interest and maturity proceeds |
| Eligibility | Girl child below 10 years; maximum of two accounts per family |
| Tenure | 21 years from account opening or until marriage of the girl child after 18 years |
| Minimum and Maximum Deposit | ₹250 (minimum) to ₹1.5 lakh (maximum) annually |
| Total Subscriber Accounts | 4.2 lakh in 2015 to 3.25 crore in December 2022 |
| Total Deposits | ₹123 crore (2015) to ₹1.62 lakh crore (2022) |
| Static Points | Ministry: Ministry of Women and Child Development; Tax Exemption: Section 80C |