Schemes Launched by Modi Government

20. Sukanya Samridhi Yojana (Girl Child Prosperity Scheme)

Sukanya Samriddhi Yojana
Sukanya Samridhi Yojana (SMY) was launched by the Government of India on January 22, 2015. This scheme is also a part of Beti Bachao, Beti Padhao. It encourages parents with girl child to set up a fund for them which will take care of their marriage and future education expenses. This saving scheme provided tax benefits and an interest rate of 8.5% from October 2017 to December 2017. The account can be opened at any commercial bank’s branch or an India Post office.