New Delhi. The central government can take a big decision on Mahila Samman Saving Certificate. According to the report of Moneycontrol, a senior government official said that the government has no intention of taking this attractive scheme forward. In such a situation, this scheme will be available only till March 2025. The Mahila Samman Saving Certificate Scheme was launched by the government in April 2023. At present, 7.50 percent interest is being given in this deposit scheme. This scheme was announced in the 2023 budget with the aim of promoting the habit of saving among Indian women.
The best collections among small savings schemes in India come from Mahila Samman Savings Certificate and Senior Citizen Savings Scheme. Therefore, the government has increased the maximum deposit amount in these schemes from Rs 15 lakh to Rs 30 lakh in the budget for 2023-24.
Top Small Savings Schemes
The senior government official said that schemes like Mahila Samman Saving Certificate, Senior Citizen Saving Certificate and Sukanya Samriddhi Yojana have been top performers. But the funds coming from these schemes may stop in the future, due to which the government may be forced to keep the collection of National Small Savings Fund low in the financial year 2025.
The official said, “First of all, there was a shortfall of Rs 20,000 crore in NSSF collection in FY24. Second, doubling the investment in the senior citizen scheme gave us a good inflow. But, this time we do not expect such a big increase.” The Union Budget 2024-25 presented in July pegged the NSSF collection for this fiscal at Rs 4.20 lakh crore, down from Rs 4.67 lakh crore in the interim version.
Tags: Business news, Small Saving Schemes, Tax saving options
FIRST PUBLISHED : August 2, 2024, 12:26 IST