Context:
Sukanya Samriddhi Yojana completed 10 years.
Sukanya Samriddhi Yojana (SSY):
- Launch: January 2015, under the Beti Bachao, Beti Padhao Campaign.
- Objective: Financial security and social empowerment of girls in India.
- Ministry: Union Ministry of Finance.
- Eligibility Criteria:
- Account can be opened for a girl child until she turns 10 years old.
- Only one account per girl child.
- Parents can open a maximum of 2 accounts for their 2 children.
- Deposits:
- Minimum: ₹250 per year.
- Maximum: ₹1.5 lakh per year.
- Account Management: Managed by the guardian until the girl child turns 18.
- Interest Rate: 8.2%.
- Withdrawals:
- 50% withdrawal allowed at the age of 18 for higher education.
- Premature closure allowed for marriage after the girl turns 18.
- Maturity: Account matures 21 years from the date of opening
Source: PIB
Previous Year Question
What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas?
1. It enables the beneficiaries to draw their subsidies and social security benefits in their villages.
2. It enables the beneficiaries in the rural areas to make deposits and withdrawals.
Select the correct answer using the code given below:
[UPSC Civil Service Exam – 2014 Prelims]
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: (c)
