Delhi/Hyderabad, April 29 (Maxim News): Prime Minister Narendra Modi urged women to enroll for Mahila Samman Saving Certificate (MSSC).
Taking to Twitter, the Prime Minister said, today, “I also urge more women to enroll for MSSC. It offers many advantages for our Nari Shakti.” Earlier, Union Minister Smriti Irani opened a Mahila Samman Savings Certificate (MSSC) at a post office in the national capital, paving the way for empowering women through this investment instrument, according to a government press release.
The MSSc scheme was announced in the 2023-24 Union Budget by Finance Minister Nirmala Sitharaman and is a significant step towards financial inclusion and empowerment of women.
The Union Minister for Women and Child Development on Wednesday came to the post office and completed the account opening formalities. Her Mahila Samman Savings Certificate account was opened and a computer-generated passbook was handed over to her at the counter itself, a government press release said.
The two-year tenure scheme will offer an interest rate of 7.5 percent compounded quarterly with flexible investment and partial withdrawal options with a maximum ceiling of Rs. 2 lakhs. The scheme is valid for a two-year period upto March 2025. The scheme has been made available in all 1.59 lakh post offices from April 1, 2023, when the finance ministry formally issued the notification. (Maxim News)
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