Union Budget 2023: The Mahila Samman Savings Patra has a deposit facility of up to Rs 2 lakh with a fixed interest rate of 7.5%.
Finance Minister Nirmala Sitharaman is presenting the Union Budget 2023-24. The FM began the presentation in Lok Sabha at 11 am today. During her speech, the Finance Minister announced a new small savings scheme - Mahila Samman Savings Patra. The Mahila Samman Savings Patra has been launched for women and girl child.
The Mahila Samman Savings Patra has a deposit facility of up to Rs 2 lakh with a fixed interest rate of 7.5%.
"One-time new small saving under 'Mahila Samman Saving Patra'. The deposit facility for the women and girls will be for a period of two years with a rate of interest of 7.5 percent," Sitharaman announced.
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She also said that for the economic empowerment of women under the Deendayal Antyodaya Yojana National Rural Livelihood Mission, 81 lakh self-help groups have been created by mobilising rural women. "We will enable these groups to reach the next stage of economic empowerment through the formation of large producer enterprises or collectives with each having several thousand members," she said.
Financial assistance of more than Rs 2.25 lakh crore has been provided to small farmers under PM-Kisan Samman Nidhi.
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About three crore women farmers have been provided Rs 54,000 crore under the scheme, the finance minister said. Sitharaman also announced enhancing the maximum amount of money that can be invested in the senior citizen saving scheme (SCSS) to Rs 30 lakh compared to Rs 15 lakh now.
The postal monthly income scheme also saw an enhancement of limit. In a single name, Rs 9 lakh can be invested as compared to Rs 4.5 lakh now. The enhancement of limits has come as a solace for investors looking for regular income in times of high inflation. The schemes are backed by a sovereign and hence do not carry credit risk.
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 "Union Budget 2023: Mahila Samman Savings Patra launched for women, girl child with deposit facility of up to Rs 2 lakh")
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