Question
Union Budget 2023-24, Mahila Samman Savings Certificate, new deposit scheme for women will offer a deposit facility upto ___________?Â
Solution
Explanation: The scheme was announced in the 2023-24 Budget by the Union Finance Minister to commemorate ‘Azadi Ka Amrit Mahotsav’ and is a significant step towards financial inclusion and empowerment of the women, including the girls. The two-year tenure scheme offers an attractive and fixed interest of 7.5 per cent interest compounded quarterly with flexible investment and partial withdrawal options with a maximum ceiling of ₹ two lakh. The scheme is valid for a two-year period upto 31st March 2025.
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