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        Case ID :
        Income Tax

        Sukanya Samriddhi Yojana

        December 4, 2015

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        The number of accounts opened upto 31.10.2015 under Sukanya Samriddhi Yojana across the country is 76, 19,668. The amount collected under these accounts is ₹ 2838.73 crore. The scheme was notified on 2.12.2014 and the maturity period of accounts opened under the scheme is 21 years. The scheme has completed one year. In this short time, the impact is that 76, 19, 668 girl children got ₹ 2838.73 crore deposited in their name

         This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

        Sukanya Samriddhi Yojana promotes long-term dedicated savings for girl children with government-backed maturity terms and public reporting of account uptake. The Sukanya Samriddhi Yojana is a government-backed small-savings scheme for girl children, notified on 2 December 2014. Accounts opened under the scheme carry a maturity period of 21 years. By 31 October 2015 the scheme had completed one year and recorded substantial uptake with a large number of accounts opened and cumulative deposits collected, evidencing early mobilisation of savings under the notified framework.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Sukanya Samriddhi Yojana promotes long-term dedicated savings for girl children with government-backed maturity terms and public reporting of account uptake.

                                The Sukanya Samriddhi Yojana is a government-backed small-savings scheme for girl children, notified on 2 December 2014. Accounts opened under the scheme carry a maturity period of 21 years. By 31 October 2015 the scheme had completed one year and recorded substantial uptake with a large number of accounts opened and cumulative deposits collected, evidencing early mobilisation of savings under the notified framework.


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