Price Range 2025: Will Mahila Samman Financial Savings Certificates Be Extended?
Mahila Samman Financial Savings Certificates, introduced as part of the in the Union Budget for 2023-2024, is a one-time small savings scheme. It is available for a duration of 12 months, with a maximum deposit limit of up to Rs 2 lakh.
This government-subsidized savings scheme offers a 7.5% interest rate and includes a partial withdrawal option. Its objective is to
Promote financial independence among women. However, the program is set to conclude on march 31, 2025, and it remains uncertain whether it will be extended or not.
Although this scheme was launched for a limited duration, it played a key role in encouraging savings among women from lower-income groups.
Selling Girls' Empowerment. sneha Jain, Founder and CEO of Wealth Consider capital Services, informed the Economic Times that the government may not continue with the scheme. to be extended because the government has received specific responses and deposits from this scheme last year. There is a greater shift towards equity investments and mutual funds. Therefore, the response to the scheme will not be as significant as observed last year, she stated.
However, rajani Tandale, Senior Vice President of Mutual Funds at 1 Finance, instructed the Monetary Times that an extension of this scheme in the upcoming budget could be a welcome move.
designed to inspire financial savings among girls within the lower-income sector, it serves as an important initiative to build monetary security," she stated. the scheme set to conclude on march 31, 2025, an extension in Budget 2025 would be a welcome move to further strengthen women's economic independence. Given the government's focus on women-centric financial policies, it may consider either extending the scheme or introducing a similar funding option to maintain its impact,
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