New Delhi: Union Budget 2023-24 Announces New One Time Saving Scheme for Women
Union Finance Minister Nirmala Sitharaman announced a new one-time savings scheme for women and girls during her budget speech in Parliament today. The new scheme will be called Mahila Samman Bachad Bhatra.
This new scheme allows women to deposit up to Rs.2 lakh. The new scheme will be valid for two years till March 2025. This new scheme offers a fixed interest rate of 7.5 percent per annum. This new plan also has a partial refund facility.
The finance minister also announced a revised savings scheme for senior citizens. Under this new scheme, the maximum deposit amount has been increased from Rs.15 lakh to Rs.30 lakh.
All these announcements were announced under the Union Budget’s fiscal priorities. As part of the Amrita period, the central budget for 2023 had given priority to 7 sectors. The finance minister said that these seven priorities listed by the central government would represent “chaptarishis”.
Seven Priority Sectors: Finance, Inclusive Growth, Reaching the End Goal, Infrastructure and Investment, Skills Development, Green Growth, Youth Power.