Will the last date for applying in MSSC scheme be increased in Budget 2025
MSSC Scheme: For the ninth time, Finance Minister Nirmala Sitharaman delivered the Union Budget in Budget 2025. She made a number of significant announcements during this time, including the new tax system’s 0% tax on yearly income up to Rs 12 lakh. People in the lower and middle classes have greatly benefited as a result.
Prior to the budget, there were rumors that the government may introduce a new program that would be comparable to the Mahila Samman Bachat Yojana or prolong its expiration date in order to provide women with financial empowerment. in order for them to continue receiving this kind of advantage in the future. Please let us know whether the government has included an extension in the budget for the Mahila Samman Bachat Yojana’s expiration date.
When is the deadline?
In Budget 2025, Finance Minister Nirmala Sitharaman made no mention of extending the Mahila Samman Bachat Yojana’s expiration date. The scheme’s expiration date has been set on March 31, 2025. In this case, women investors have fewer than two months remaining to benefit from this plan. Let us inform you that the Mahila Samman Bachat Yojana was introduced on March 31, 2023, after the Central Government announced it in the Union Budget 2023. It is a modest savings plan for girls and women. This program, which ran for two years till March 31, 2025, was started to honor the Azadi Ka Amrit Mahotsav.
A 7.5 percent annual interest rate
Any woman or girl may create an account under this arrangement, and a minor’s parents may do the same. This program allows for a minimum investment of Rs 1000 and a maximum investment of Rs 200,000 within a single fiscal year. The interest rate offered on a two-year bank FD is lower than the 7.5 percent yearly interest that this plan now receives.
