Analysis of Sukanya Samriddhi Yojana: An Overview

This research paper provides an overview of the Sukanya Samriddhi Yojana (SSY), a government-backed savings scheme aimed at promoting the welfare of the girl child in India. The paper discusses the key features of the scheme, such as the eligibility criteria, deposit limits, interest rates, and tax benefits. The advantages of the SSY, including its ability to empower young girls and promote financial inclusion, are also examined. However, the paper also highlights some of the disadvantages of the SSY, including its inflexibility and limited scope for investment diversification. In addition, the paper discusses the achievements of the scheme in terms of the number of accounts opened and the amount of deposits made. The future growth and prospects of the SSY are also analyzed, with a focus on potential policy changes and improvements that could be made to further enhance the scheme's effectiveness in promoting the welfare of the girl child in India.