CURRENT AFFAIRS

Detailed explanation-1: -The scheme was launched by Prime Minister Narendra Modi on 22 January 2015 in Panipat, Haryana. The accounts can be opened at any India Post office or a branch of some authorised commercial banks. Initially, the interest rate was set at 9.1% but later revised to 9.2% in late March 2015 for FY2015-16.

Detailed explanation-2: -INTRODUCTION. Sukanya Samriddhi Yojana is a small deposit scheme of the Government of India meant exclusively for a girl child and is launched as a part of Beti Bachao Beti Padhao Campaign. The scheme is meant to meet the education and marriage expenses of a girl child.

Detailed explanation-3: -Sukanya Samriddhi Scheme account was launched in Jan 2015 and initially the interest rate was set at 9.1% for FY 2014-15. In late March 2015 the rate of interest for SSY Account was revised to 9.2% for FY 2015-16.

Detailed explanation-4: -Sukanya Samriddhi Yojana-Beti Bachao, Beti Padhao [UPSC Government Schemes]