Sukanya Samriddhi Yojana Interest Rate 2018-19 – Every person who is planning to secure his girl child’s future and is thinking over investing in PPF or fixed deposits to ensure the money saved for his daughter grows securely over a time period and matured when she is ready either for marriage or higher education. Therefore, if you are concerned for the financial future of your girl child, then Sukanya Samriddhi Yojana would be best suited for you and your girl child. » Read more
Balika Samriddhi Yojana
Balika Samriddhi Yojana started in 1997 is an important initiative of the government to raise the status of the girl child. The scheme’s aims at changing the negative attitude of families and communities towards the girl child, to increase enrolment and retention of girls in schools, to raise the marriage age of girls and to create income opportunities and activities. A series of incentives are incorporated into the Yojana, such as a gift of Rs. 500/- to the mother on delivery of a baby girl and the condition of an annual scholarship for the girl child education.
If you are a father of a daughter, then Central government’s Sukanya Samriddhi Yojana will be very useful for you. If you have one or two daughters, you can also take advantages of Centre’s Sukanya Samridhi Yojana.
Now the third daughter of the family will be eligible to avail the facility of government’s Ladli Yojana. Now the government would be made insurance policy to the third daughter in the family. The government has taken this step to improve the sex ratio of females. It will help to reduce the burden of the family to provide them the better education.
Sukanya Samridhi Yojana was launched for the improvement of girl child’s future. This scheme is not only providing more interest than public provident fund (PPF) rather it is also helpful to parents in Tax Planning. You can open an account for your 10-year-old daughter. In this scheme, the current annual interest is 8.1 percent which is higher than the PPF.