India Post on Thursday launched ambitious scheme — Sukanya Samriddhi Yojna — to provide financial assistance to a girl child and to encourage society to come forward to support the oppressed section of the society by contributing to their financial security.
The scheme was launched by Minister Welfare, Women and Child Development louis Marandi.
“This marks a great day for the State as the scheme is being launched in Jharkhand. Daughter gets love of all but it happens that sometimes people have to go through a lot ordeal. The scheme has been designed to keep parents tension free and help them in a girl’s education marriage by contributing a small part of their earning,” said Marandi.
The scheme entails opening an account with India Post with a minimum initial amount of Rs1,000 and thereafter in multiple of Rs100. The account can be opened for a girl child from the time of birth upto 10-years of age.
The scheme offers tax rebate under Sec 80C of Income Tax on invested amount. The recurring deposit type account offers an annual compound rate of interest of 9.1 per cent.
The scheme can be stretched till a girl child attains the age of 21 or right upto the time of marriage of the child.
“This product is better than any account as unlike other accounts it provides tax rebate,” said Post Master General, Jharkhand, Anil Kumar.