V2I7P17

Identification of Effectiveness and Satisfaction of Sukanya Samriddhi Yojna (Selvamagal Semippu Thittam) with Special Reference to Thiruvallur District

Dr. Narayana Moorthy G.^1*, Dr. R. Kamaraj.²

Abstract

The Selvamagal Semippu Thittam (Sukanya Samriddhi Yojana), a savings programme launched in 2015 by the Department of Post, is increasingly acknowledged as one of the more lucrative savings schemes. Selvamagal Semippu Thittam seeks to ensure a prosperous future for your daughter. It offers a heightened interest rate of 8.2% together with tax benefits under Section 80C. This service enables guardians to open a savings account for their female child at a recognised commercial bank or India Post branch. Financial autonomy and empowerment are essential components of societal development and progress. The Selvamagal Semippu Thittam in Tamil Nadu is a government-supported programme aimed at offering financial aid to women from underprivileged groups. This innovative savings plan is designed solely to empower women by promoting regular saving habits, ensuring financial stability, and delivering various rewards that address their socio-economic needs, which are essential for the advancement of women’s status in society. This article will analyse the various components and factors related to the Selvamagal Semippu Thittam, encompassing its characteristics, efficacy, satisfaction, and its influence on women’s lives in Tiruvallur District.

Keywords:

Selvamagal Semippu Thittam, Savings, Tax Benefits, Financial Independence, Empowerment