Mahila Samman Savings Certificate: Number of accounts opened under MSSC Scheme [Lok Sabha QA]

Mahila Samman Savings Certificate: Number of accounts opened under MSSC Scheme [Lok Sabha QA]

Government of India
Ministry of Finance
Department of Economic Affairs

LOK SABHA
UNSTARRED QUESTION NO.3

TO BE ANSWERED ON MONDAY NOVEMBER 25, 2024/ Agrahayana 4, 1946 (Saka)

MAHILA SAMMAN SAVINGS CERTIFICATE (MSSC) SCHEME

No.3
Shri Pradeep Kumar Singh,
Shri Manish Jaiswal,
Dr. Hemant Vishnu Savara,
Shri Lumba Ram,
Shri Bidyut Baran Mahato,
Shri Ashok Kumar Rawat,
Shri Bhartruhari Mahtab,
Shri Mahesh Kashyap,
Smt. Shobhanaben Mahendrasinh Baraiya,
Shri Naba Charan Majhi,
Shri Yogender Chandolia,
Smt. Aparajita Sarangi,
Shri Suresh Kumar Kashyap:

Will the Minister of FINANCE be pleased to state:-

(a) The salient features of the Mahila Samman Savings Certificate (MSSC) scheme along with the objectives and the reasons due to which the said scheme remains attractive and beneficial to women and girls, particularly with regard to promoting savings habit and financial independence; and

(b) The latest number of accounts opened under MSSC scheme in the country, State-wise particularly in Shimla Parliamentary constituency of Himachal Pradesh, Hazaribagh and Ramgarh of Jharkhand, Palghar district of Maharashtra and Misrikh constituency of Uttar Pradesh?

ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI PANKAJ CHAUDHARY)

(a) The Scheme was launched on 31.03.2023 to commemorate the ‘Azadi ka Amrit Mahotsav exclusively for the woman and minor girl. The account under this Scheme shall be open by a woman for herself, or by the guardian on behalf of a minor girl, on or before 31st March, 2025.

Some of the salient features of the schemes include:

1. The account may be opened with a minimum deposit of ₹1000/- and maximum deposit of ₹2 Lakhs for a tenure of two years only.
2. The interest rate for MSSC is 7.5% p.a. which is compounded quarterly and credited to the account.
3. The facility of partial withdrawal and premature closure on compassionate grounds are also available under this Scheme.

The scheme was launched by the Government to promote financial independence of the woman of the country by allowing attractive rate of interest and to also help in achieving objectives of financial inclusion as set by Government of India.

(b) The State-wise details of total number of accounts opened under Mahila Samman Savings Certificate Scheme (MSSC) till 31.10.2024 is attached as ‘Annexure’. The information with regard to number of accounts is maintained district-wise. District-wise details (districts falling in the referred parliamentary constituencies) of total number of accounts opened under MSSC till 31.10.2024 are as under:-

Annexure

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