A new savings scheme for women with a 7.5 percent fixed interest rate for two years has been launched in the Budget 2023-2024. What is the scheme's name?

Correct option is B

The correct answer is (b) Mahila Samman Saving Certificate
In the Union Budget 2023-2024, the Mahila Samman Saving Certificate scheme was introduced as a small savings scheme specifically for women.

Key Features:

• Interest Rate: Offers a fixed interest rate of 7.5% per annum.
• Duration: The scheme has a tenure of two years.
• Eligibility: Available to women and girls.
• Maximum Deposit: Allows deposits up to ₹2 lakh.
• Withdrawals: Offers partial withdrawal options to enhance flexibility.
• Objective: Designed to empower women by encouraging savings and financial inclusion.

Significance:
This scheme aligns with the government’s efforts to promote financial security and independence for women while offering attractive returns.

Additional Information:

• Comparison with Other Savings Schemes.