Government of India has Launched Sukanya Samridhi Yojana rsquo girl child prosperity scheme with the...........

Social Issues Gender issues

Government of India has Launched Sukanya Samridhi Yojana’ (girl child prosperity scheme) with the vision to provide for Girl Child Education and Her Marriage Expense. Which of the following statements is not correct in the context of scheme?

It is small deposit scheme for girl child

It is part of ‘Beti Bachao Beti Padhao’ campaign

It will fetch yearly interest rate of 9.1 per cent and provide income tax deduction under section 80C of the Income Tax Act, 1961.

Any number of accounts can be opened for girl child

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Explanation:

Fourth option is incorrect i.e. Any number of accounts can be opened for girl child

The Sukanya Samriddhi Yojana is as girl child prosperity scheme under Beti Bachao Beti padhao program of Prime Minister Narendra Modi. SSY account is to ensure a bright future for girl children in India. This yojana is to facilitate them proper education and care free marriage expenses. The scheme has well been accepted by the masses in wake of the financial security and independence it would provide to the girl child as well as their parents and guardians.