The Narendra Modi government has recently raised the interest rates on the Sukanya Samriddhi Yojana (SSY) scheme by 20 basis points for the January-March quarter, ahead of Lok Sabha polls 2024. The SSY scheme is a small savings scheme aimed at promoting the welfare of girl children and was launched in 2015 under the Beti Bachao Beti Padhao initiative. The scheme has since been a popular choice among parents and guardians who wish to secure their daughter's future.
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