Question

Consider the following statements about Sukanya Samriddhi Yojana (SSY): 

1.    Government recently raised the interest rates on SSY scheme by 20 basis points. 

2.    SSY is a savings scheme launched in 2016. 

3.     SSY is a savings scheme launched under the ''Beti Bachao Beti Padhao'' campaign.  

Which of the statements given above is/are not correct?

A 1 only Correct Answer Incorrect Answer
B 1 and 2 only Correct Answer Incorrect Answer
C 2 only Correct Answer Incorrect Answer
D 1 and 3 only Correct Answer Incorrect Answer

Solution

The Government recently raised the interest rates on the Sukanya Samriddhi Yojana (SSY) scheme by 20 basis points to 8.2 percent from the existing 8 percent.  SSY is a savings scheme launched in 2015 under the Government of India's '' Beti Bachao Beti Padhao'' campaign, which aimed to promote the education of girl children.  SSY is a small-deposit scheme tailored specifically for the girl child.   This scheme enables guardians to open a savings account for their girl child with an authorised commercial bank or India Post branch.

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