Thursday heralds the 11th anniversary of Sukanya Samriddhi Yojana, the safe savings plan that has empowered over 4.5 crore girl children with ₹3.33 lakh crore in deposits. Introduced on January 22, 2015, as part of Beti Bachao Beti Padhao, it offers secure 8.2% annual interest, government-guaranteed principal, and tax benefits.
Parents have a decade from a girl’s birth to open an account at post offices or designated banks. Strict guidelines—one per girl, max two per family—ensure focused benefits, extendable for twins/triplets. Managed by guardians until 18, funds are earmarked for pivotal life stages like college and weddings, with easy account transfers nationwide.
This initiative transcends banking; it’s a strategic push for female self-sufficiency, countering traditional financial vulnerabilities. By channeling savings purposefully, SSY builds lasting security and ambition in girls.
Synergizing with Beti Bachao Beti Padhao—launched by PM Modi—the campaign eradicates discrimination, elevates sex ratios, and prioritizes education. Multi-ministry involvement amplifies its reach, from awareness drives to policy reforms.
Reflecting on a decade-plus, SSY’s success metrics paint an optimistic picture: widespread adoption signals shifting mindsets. Moving forward, it promises sustained momentum in girl empowerment, anchoring India’s social progress.