#post office mahila samman yojana interest rate

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Mukhyamantri Mahila Samman Yojana 2024, Online Apply, Registration & More

Mukhyamantri Mahila Samman 2024 scheme, women above 18 years of age in Delhi will get financial assistance of Rs 1000 every month. The financial assistance amount provided by the Delhi Government will be sent to the bank account of women through DBT (Direct Benefit Transfer).

An amount of Rs 2000 crore has been allocated for the operation of this scheme in 2024-25 for the welfare and empowerment of women. So that financial assistance can be provided to more and more poor and needy women of the state. This scheme will be operated by Women Welfare.

Eligibility for Mahila Samman Yojana

The terms and conditions of this scheme have been implemented by the Delhi Government, according to which women registered as voters in Delhi will be eligible for this scheme provided that they are not getting the benefit of any other scheme and neither are they government employees nor income taxpayers.

To avail of the benefits of Mahila Samman Yojana, any eligible woman will have to fill out the application form and also give a self-declaration that she is not a part of any government scheme, nor is she a government employee nor pays income tax. Only based on self-declaration, the woman will start getting the benefits of this scheme.

The eligibility list are:

The woman applying for Chief Minister Mahila Samman Yojana must be a voter of Delhi.

Economically weaker women of Delhi state will be eligible to receive benefits.

To avail the benefits of this scheme, women above 18 years of age will be eligible to apply.

The bank account of the applicant woman should be linked to the Aadhar card.

Women who are receiving government pension, or pay taxes to the government, will not be eligible for the scheme.

Read More About Mahila Samman Yojana

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Top 10 Investment Options for Women in India | Kotak Life

Indian Government Investment Schemes for Women Along with the above-mentioned schemes, the government of India offers a list of investment options for women that are beneficial for them. Let us take a look at the best investment plan for women in India provided by the government:

Sukanya Samriddhi Yojana (SSY) SSY is one of the best investment for women, a government-backed savings scheme specifically designed for the benefit of the girl child. It aims to provide a long-term investment option to ensure the financial security and education of the girl child. Parents or guardians can open an SSY account in the name of a girl child below 10 years of age. Contributions can be made towards the account until the girl reaches 21 years of age, and withdrawals are allowed for her education and marriage expenses.

Post Office Mahila Samman Savings Scheme One of the best investment options for female, this scheme is offered by the Indian postal service. It provides safe and reliable investment options for women, allowing them to deposit their savings and earn interest. It offers a fixed interest rate of 7.5% per annum, which is currently one of the highest rates among government schemes for a two-year period. You can invest a minimum of ₹1,000 and a maximum of ₹2 lakh under this scheme.

Mukhyamantri Mahila Samman Yojana The Mukhyamantri Mahila Samman Yojana is an initiative announced in the 2024 Delhi budget specifically for women residents. It aims to provide monthly financial assistance of ₹1,000 to eligible women. The focus of these investment options for women is yet to be implemented, and it is to empower and financially support women in Delhi, particularly those from economically weaker sections.

Lakhpati Didi Scheme The Lakhpati Didi initiative is one of the latest investment options for women started by the Ministry of Rural Development, Government of India. It is focused on economic empowerment and financial self-sufficiency among women residing in rural regions. A Lakhpati Didi is a member of a Self-Help Group whose annual household earnings amount to Rupees One Lakh (₹1,00,000) or more. This income is assessed over at least four agricultural seasons and/or business cycles, with an average monthly income surpassing ₹10,000, ensuring its sustainability.

Kisan Vikas Patra (KVP) KVP is a government-backed savings scheme available to all individuals, including women. KVP offers attractive interest rates, currently fixed at 7.5% per annum. The interest is compounded annually and matures the investment in approximately 9.5 years (115 months), doubling the initial investment.

Post Office Time Deposit Scheme The Post Office Time Deposit (TD) Scheme is one of the secure investment options for women offered by the Indian post office. It caters to individuals seeking guaranteed returns on their investment for a fixed tenure. These investment options for women offer fixed interest rates on deposits, which range from 5.5% to 7.5% p.a., depending on the chosen deposit period. You can open an account with a minimum deposit of ₹200 and make further deposits in multiples of ₹100. There is no maximum limit on investment.