InvestorQ : Why did the government announce the Sukanya Samriddhi Yojana (SSY)?
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Why did the government announce the Sukanya Samriddhi Yojana (SSY)?

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Swapnil Sarang answered.
1 year ago
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The Sukanya Samriddhi Yojana (SSY) is a small- savings scheme backed by the Government of India exclusively for the Indian girl child. The scheme allows a parent or legal guardian to open an account in the name of a girl child until she becomes 10 years old.

The government’s objective behind launching this small savings scheme was to encourage parents to open accounts in their daughter’s names so that they can start saving for their education and marriage early on.

The scheme is a part of the government’s “Beti Bachao – Beti Padhao” initiative.

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