Six central government schemes to make women financially independent; Learn more about | International Women’s Day 2024
Sukanya Samriddhi Yojana is designed for the financial empowerment of girls. Parents who have a daughter below the age of 10 years can open a Sukanya Samriddhi Yojana account in their daughter’s name at any nationalized bank or post office.
The central government is implementing many programs to financially empower women. These schemes cover women from different walks of life. Important schemes among them are Pradhan Mantri Ujjwala Yojana, Mahila Samman Savings Certificate, Pradhan Mantri Matru Vandana Yojana, Sukanya Samriddhi Yojana and Beti Bachao, Beti Padhao.
Read more details about such women empowerment schemes in this article below:
International Women’s Day 2024: Today is International Women’s Day (March 8). The day is celebrated for the women and their hardships to the society and family despite societal pressure and opposition. Women have emerged triumphant with fewer resources. The central government has also helped them with many schemes to make them financially independent.
International Women’s Day 2024: Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is designed for the financial empowerment of girls. Parents who have a daughter below the age of 10 years can open a Sukanya Samriddhi Yojana account in their daughter’s name at any nationalized bank or post office.
A minimum amount to invest is Rs 250 and a maximum to invest is Rs 1.50 lakh in a financial year. The interest rate is calculated at 8.2 percent and compound interest is added annually.
The term of this scheme is 15 years, and when the girl reaches the age of 21 years. The main purpose behind the scheme is that the parents should use this amount to raise her girl child or in her marriage.
It also gives tax benefits on deposits up to Rs 1.50 lakh in a financial year.
International Women’s Day 2024: Free Sewing Machine Program
The program is mainly aimed at women from rural and urban areas who belong to the economically weaker sections of the society. A free sewing machine is provided to women interested in sewing and embroidery.
Women between the ages of 20 and 40 can benefit from the free sewing machine scheme. There is one condition before applying this scheme that the income of the husband of the woman applying for the scheme should not exceed Rs 12,000 per month.
International Women’s Day 2024: Pradhan Mantri Ujjwala Yojana
The Pradhan Mantri Ujjwala Yojana Center provides a cooking gas cylinder to women from poor families. The scheme was started in 2016 to help women from poor families.
International Women’s Day 2024: Mahila Samman Savings Certificate
Mahila Samman Savings Certificate designed for women’s financial independence. It is available at a post office depot.
Women can deposit a minimum of Rs 1,000 or a maximum of Rs 2 lakh for two years. The scheme has an interest rate of 7.5 percent. Investors can withdraw up to 40 percent of the eligible balance one year from the date of account opening.
International Women’s Day 2024: Pradhan Mantri Matru Vandana Yojana
Pradhan Mantri Matru Vandana Yojana is designed for pregnant women. It is also called a maternity benefit.
During pregnancy, women face problems such as malnutrition. The central government is providing financial assistance of Rs 6,000 to pregnant and lactating women.
The government deposits this money directly into the women’s bank accounts. In order to take advantage of this scheme, the condition is that the pregnant woman must not be younger than 19 years old.
In the first phase, Rs 1,000, Rs 2,000 in the second phase and again Rs 2,000 in the third phase will be given to the pregnant women under this scheme.
The last part of Rs 1000 is given to the hospital at the time of the child’s birth.
International Women’s Day 2024: Beti Bachao Beti Padhao
The aim of this scheme is to reduce the decline in the number of girls and strengthen the position of women. It is implemented by the Ministry of Women and Child Development, the Ministry of Health, Family Welfare and the Ministry of Human Resources.
The Beti Bachao Beti Padhao program mainly focuses on the clusters in Uttar Pradesh, Haryana, Uttarakhand, Punjab, Bihar and Delhi.