Last Updated: February 16, 2023, 15:42 IST
The predominant intention of those two schemes is to present monetary help to the mother and father of the woman baby.
The predominant objective of Sukanya Samriddhi Yojana is to give a younger lady a robust monetary basis to defend her future.
Females have at all times confronted discrimination in patriarchal societies. That has been altering, and there’s a higher understanding of the necessity to deal with females equally and supply them with the identical alternatives as males. Both the Sukanya Samriddhi Yojana and the LIC Kanyadan coverage had been launched with related goals. The predominant intention of those two schemes is to present monetary help to the mother and father of the woman baby.
If you’re confused between the 2 schemes and may’t determine which one to go for to your woman baby, News18 is right here to assist you out. The mother or father wants to do not forget that not each scheme can swimsuit their wants. Parents ought to choose the welfare programme of the federal government relying on their economical benefits and future advantages. But earlier than understanding which is healthier it’s essential to know the options of the Sukanya Samriddhi Yojana and the LIC Kanyadan coverage.
Sukanya Samriddhi Yojana:
The predominant objective of this programme is to give a younger lady a robust monetary basis to defend her future. A woman youthful than 10 years is eligible to open her Sukanya Samriddhi Yojana account.
Interest is charged at an annual proportion fee of seven.6%. The steadiness within the quantity shouldn’t be underneath Section 80C of the Income Tax Act. therefore no quantity can be deducted from the account.
As little as Rs. 250 or as a lot as Rs. 1.5 lakh could also be deposited into the SSY every month. The account might be opened by the identify of the woman baby relatively than the mother and father.
Per household two Sukanya Samridhi Yojana accounts might be opened.
LIC Kanyadaan Scheme
LIC Kanyadan is meant to defend daughters’ futures with funding. The LIC Kanyadan Policy combines financial savings and safety.
Low premium funds provide monetary security with the LIC Kanyadan insurance coverage. The coverage affords a lump cost as a maturity profit.
If an accident leads to loss of life, Rs. 10 lakh have to be instantly paid to the following of kin or mother and father. On the opposite hand in case of pure loss of life, Rs 5 lakh is given instantly.
Both Indian residents and NRI can enroll their woman baby.
Both the Sukanya Samriddhi Yojana and the LIC Kanyadan coverage have the identical objective. The thought is to safeguard a lady baby’s future with requisite funds. However, every of the welfare applications have vital basic distinctions that needs to be fastidiously addressed earlier than selecting a technique.
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