Mahila Samman Savings Scheme: Smriti Irani Promotes Financial Independence for Women
Smriti Irani, the Minister of Women and Child Development, recently opened a Mahila Samman Savings Certificate Scheme account and shared a message encouraging women to save for their future.
The Mahila Samman Savings Certificate Scheme is a government initiative aimed at empowering women by providing them with a safe and secure way to save money. Under this scheme, women can invest in a savings certificate with a minimum deposit of Rs 1000 and a maximum of Rs 1.5 lakh. The scheme offers an interest rate of 7.3% per annum, which is higher than most savings accounts in India.
In her message, Smriti Irani emphasized the importance of financial independence for women. She stated that women often face financial constraints due to various reasons like lack of access to education, societal norms, and gender discrimination. Therefore, it is crucial for women to take charge of their financial future and start saving early.
She also highlighted the benefits of the Mahila Samman Savings Certificate Scheme, which not only provides a secure way to save but also offers tax benefits under Section 80C of the Income Tax Act. This means that women can save on their taxes while also building a corpus for their future.
Furthermore, the scheme also offers an insurance cover of Rs 2 lakh in case of the death of the account holder, providing additional financial security to women.
Smriti Irani’s message is an important reminder of the need for women to take control of their finances and plan for their future. With initiatives like the Mahila Samman Savings Certificate Scheme, women can now have access to secure and profitable investment options, which can help them achieve their financial goals.
It is crucial that women across India take advantage of these schemes and invest in their future. By doing so, they can not only secure their own financial future but also contribute to the overall growth and development of the country.
Re-reported from the story originally published in News18
