Mahila Samman Savings Certificate: Last year, a special scheme for women was announced by the government. The name of this scheme is Mahila Samman Savings Certificate Scheme.
At the same time, now the news is coming that the government is going to close this scheme next year i.e. in March 2025. Let us tell you that Mahila Samman Savings Certificate Scheme is a one-time scheme.
This scheme has been started from April 2023 to March 2025. That is, after March 2025, this scheme will be closed. Senior officials associated with the scheme have been informed about this.
The government is bringing this new scheme
For information, let us tell you that the central government had announced this scheme in the budget of the year 2023. The objective of this scheme is to encourage Indian women to save.
Anyway, in this scheme, interest is being given at the rate of 7.5 percent per annum. This scheme is very popular among women.
A senior government official has told that in the financial year 2025, the government has collected less amount from the National Small Savings Finance.
It has also been told by him that in the financial year 2023-2024, there was a reduction of Rs 20 thousand crore in NSSF. After this, a lot of investment was made in the Senior Citizen Scheme. But in the current financial year, investment is expected through the scheme.
Logic of closing the scheme
Let us tell you that in the budget presented in July, NSSF has crossed the figure of Rs 4.20 lakh crore for this financial year. Which is less than Rs 4.67 lakh crore of the previous version.
Let us tell you that a special place has been created for less deposit from NSSF that people are investing very fast in funds in the equity market. Where they are getting great returns.
The government meets its fiscal deficit by borrowing from bonds, income from small savings and cash balance account.
In the budget, the government has reduced the gross borrowing for this financial year by Rs 12 thousand crore to Rs 14.01 lakh crore. At the same time, the fiscal deficit target has been reduced by 20 bps to 4.9 percent.
The government had started this scheme to make women self-reliant, in which not only a strong interest of 7.5 percent is available on investment, but also exemption is given from TDS deduction. According to CBDT, TDS will be applicable on this scheme in the case of citizens. When the income from interest becomes 40 to 50 thousand rupees during a financial year.
Who can open an account
The special thing about this scheme of the government is that an account can be opened for girls of 10 years or less in it. Apart from this, women can also invest.
To take advantage of this scheme, investment is also made through post office. The duration of this scheme is 2 years and the maximum investment limit is Rs 2 lakh. After this, Rs 32044 will be available as interest.