Lok Sabha Question No. 3 (UNSTARRED), answered on 2024-11-25
Subject: Mahila Samman Savings Certificate (MSSC) Scheme
Ministry: FINANCE
Asked by: Shri Ashok Kumar Rawat, Shri Bhartruhari Mahtab, Shri Bidyut Baran Mahato, Shri Yogender Chandolia, Shri Lumbaram Choudhary, Dr. Hemant Vishnu Savara, Shri Naba Charan Majhi, Shri Suresh Kumar Kashyap, Shri Manish Jaiswal, Shri Mahesh Kashyap, Smt. Shobhanaben Mahendrasinh Baraiya, Shri Pradeep Kumar Singh, Smt. Aparajita Sarangi

## No.3

Shri Pradeep Kumar Singh,

Shri Manish Jaiswal,

Dr. Hemant Vishnu Savara,

Shri Lumba Ram,

Shri Bidyut Baran Mahato,

Shri Ashok Kumar Rawat,

Shri Bhartruhari Mahtab,

Shri Mahesh Kashyap,

Smt. Shobhanaben Mahendrasinh Baraiya,

Shri Naba Charan Majhi,

Shri Yogender Chandolia,

Smt. Aparajita Sarangi,

Shri Suresh Kumar Kashyap:

Will the Minister of FINANCE be pleased to state:-

- (a) The salient features of the Mahila Samman Savings Certificate (MSSC) scheme along with the  objectives  and  the  reasons  due  to  which  the  said  scheme  remains  attractive  and beneficial  to  women  and  girls,  particularly  with  regard  to  promoting  savings  habit  and financial independence; and
- (b)  The  latest  number  of  accounts  opened  under  MSSC  scheme  in  the  country,  State-wise particularly  in  Shimla  Parliamentary  constituency  of  Himachal  Pradesh,  Hazaribagh  and Ramgarh of Jharkhand, Palghar district of Maharashtra and Misrikh constituency of Uttar Pradesh?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE

## ( SHRI PANKAJ CHAUDHARY )

- (a) The Scheme was launched on 31.03.2023 to commemorate the 'Azadi ka Amrit Mahotsav exclusively for the woman and minor girl. The account under this Scheme shall be open by a woman for herself, or by the guardian on behalf of a minor girl, on or before 31st March, 2025.

Some of the salient features of the schemes include:

1. The account may be opened with a minimum deposit of ₹1000/- and maximum deposit of ₹2 Lakhs for a tenure of two years only.

## Government of India Ministry of Finance

## Department of Economic Affairs

## LOK SABHA

## TO BE ANSWERED ON MONDAY NOVEMBER 25, 2024/

## UNSTARRED QUESTION NO.3 Agrahayana 4, 1946 (Saka)

## MAHILA SAMMAN SAVINGS CERTIFICATE (MSSC) SCHEME

2. The interest rate for MSSC is 7.5% p.a. which is compounded quarterly and credited to the account.
3. The facility of partial withdrawal and premature closure on compassionate grounds are also available under this Scheme.

The scheme was launched by the Government to promote financial independence of the woman of the country by allowing attractive rate of interest and to also help in achieving objectives of financial inclusion as set by Government of India.

- (b) The State-wise details  of  total  number of  accounts  opened under Mahila Samman  Savings Certificate Scheme (MSSC) till 31.10.2024 is attached as 'Annexure'.

The information with regard to number of accounts is maintained district-wise.

District-wise  details  (districts  falling  in  the  referred  parliamentary  constituencies)  of  total number of accounts opened under MSSC till 31.10.2024 are as under:-

|   Sr. No. | State            | District                                  |   No. of account |
|-----------|------------------|-------------------------------------------|------------------|
|         1 | Himachal Pradesh | Shimla                                    |            20792 |
|         2 | Jharkhand        | Hazaribagh                                |             2000 |
|         3 | Jharkhand        | Ramgarh                                   |             1520 |
|         4 | Maharashtra      | Palghar                                   |            13036 |
|         5 | Uttar Pradesh    | Sitapur District (which includes Misrikh) |             3840 |

*****

| Annexure   | Annexure                             | Annexure                                      |
|------------|--------------------------------------|-----------------------------------------------|
| S.No.      | Name of the State                    | Accounts opened since inception of the scheme |
| 1          | ANDAMAN AND NICOBAR ISLANDS          | 984                                           |
| 2          | ANDHRA PRADESH                       | 211016                                        |
| 3          | ARUNACHAL PRADESH                    | 1663                                          |
| 4          | ASSAM                                | 64060                                         |
| 5          | BIHAR                                | 74019                                         |
| 6          | CHANDIGARH                           | 9728                                          |
| 7          | CHHATTISGARH                         | 66656                                         |
| 8          | DELHI                                | 109687                                        |
| 9          | GOA                                  | 12061                                         |
| 10         | GUJARAT                              | 155267                                        |
| 11         | HARYANA                              | 106274                                        |
| 12         | HIMACHAL PRADESH                     | 143704                                        |
| 13         | JAMMU AND KASHMIR                    | 23060                                         |
| 14         | JHARKHAND                            | 41702                                         |
| 15         | KARNATAKA                            | 293007                                        |
| 16         | KERALA                               | 114534                                        |
| 17         | LADAKH                               | 584                                           |
| 18         | LAKSHADWEEP                          | 49                                            |
| 19         | MADHYA PRADESH                       | 139506                                        |
| 20         | MAHARASHTRA                          | 746223                                        |
| 21         | MANIPUR                              | 1774                                          |
| 22         | MEGHALAYA                            | 3125                                          |
| 23         | MIZORAM                              | 2239                                          |
| 24         | NAGALAND                             | 1950                                          |
| 25         | ODISHA                               | 416989                                        |
| 26         | PUDUCHERRY                           | 7474                                          |
| 27         | PUNJAB                               | 90048                                         |
| 28         | RAJASTHAN                            | 222169                                        |
| 29         | SIKKIM                               | 1282                                          |
| 30         | TAMIL NADU                           | 547675                                        |
| 31         | TELANGANA THE DADRA AND NAGAR HAVELI | 107199 1519                                   |
| 32 33      | AND DAMAN AND DIU                    | 10454                                         |
|            | TRIPURA                              |                                               |
| 34         | UTTAR PRADESH                        | 269532                                        |
| 35         | UTTARAKHAND                          | 78131                                         |
| 36         | WEST BENGAL                          | 254777                                        |
| Total      | Total                                | 4330121                                       |