An Empirical Study of Socio-Economic Impacts ...

An Empirical Study of Socio-Economic Impacts of Sukanya Samridhi Yojana With Special Reference Toerode District

Author Name : Sandhiya. M, Dr. P. Jayasubramanian, Kowsalya. M

ABSTRACT;  In India, the government supports a savings program called Sukanya Samriddhi Account (SSA), which is intended primarily for the betterment of girls. Through encouraging parents or guardians to make investments in their children's future, this project seeks to empower young girls and provide them with financial stability. The SSA is an appealing option for long-term savings because it provides tax advantages and good interest rates. This scheme's flexibility, which permits contributions to be made for up to 15 years after the account is opened, is one of its main characteristics. Furthermore, the girl's account matures when she becomes 21, giving her access to a sizable corpus that she can use to further her education, get married, or pursue other goals in life. All things considered, the Sukanya Samriddhi Account is an essential instrument for promoting financial inclusiveness and safeguarding young girls' futuresthroughout India.