‘Dhanlakshmi Scheme’, ‘Ladli Scheme’ were some of the other schemes launched. It is one of the multiple schemes that the Government introduced under its Beti Bachao Beti Padhao Yojana launched in the year 2015 by Prime Minister Narendra Modi. Through regular deposits, you can create a sufficient corpus as the years pass by, which can later be used for meeting your child’s life goals. This scheme was introduced to ensure a financially secure future for the girl child. Sukanya Samriddhi Yojana, also referred to as SSY, is a deposit scheme made especially for the girl child. It is launched to help parents build a fund for the higher education and other expenses of their girl child. Sukanya Samriddhi Yojana is a saving scheme by Government of India, which is aimed at the betterment of girl child in India. The tenure of investment under SSY is 21 years, starting from the account's opening date. Under the Sukanya Samriddhi Yojana, an account in the name of the girl can be opened across any of the private and public sector banks for 21 years. Investing in this child insurance plan allows parents or legal guardians to ensure financial security for a girl child aging ten years or below. Developed as part of the government's 'Beti Bachao, Beti Padhao' campaign, Sukanya Samriddhi Yojana or SSY is a welfare scheme designed for the girl child.
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