As the preparations for the 2025 budget begin, women are hopeful for more government initiatives to support their financial empowerment.
One such initiative that has gained attention is the Mahila Samman Saving Certificate Scheme, designed to help women achieve economic independence through savings
and investment. The scheme is set to end in March 2025, leaving many wondering if the government will extend the deadline in the upcoming budget.
Key Details of the Mahila Samman Saving Certificate Scheme
This scheme, launched by the post office, is specifically designed for women and girls, offering them a secure and attractive investment option.
Interest Rate: The scheme provides an annual interest rate of 7.5%.
Investment Limits: Women can invest a minimum of Rs 1,000 and a maximum of Rs 2 lakh.
Maturity: The scheme matures in 2 years, with interest paid along with the invested amount.
Tax Benefits: It qualifies for tax exemption under Section 80C of the Income Tax Act.
What Women Earn from Investing
By investing Rs 2 lakh in the scheme, a woman would receive Rs 2.32 lakh after 2 years, with quarterly interest payments.
This scheme not only encourages women to save but also provides a safe and profitable investment option.
Will the Investment Period Be Extended?
Women are hoping the government will extend the investment period of this scheme.
Although no official statement has been made, an extension in Budget 2025 would provide a significant benefit to women.
Special Features of the Scheme
Account Closure: The account can be closed after 6 months, but with a 2% reduction in the interest rate.
Partial Withdrawal: After 1 year, 40% of the invested amount can be withdrawn.
In Case of Death: The account can be closed upon the death of the account holder.
A Big Opportunity for Women
The Mahila Samman Saving Certificate Scheme offers women a great opportunity for safe and profitable investments.
As the Budget 2025 approaches, it remains to be seen whether the government will extend this scheme, providing even more financial benefits to women.
