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?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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