Lok Sabha Question No. 1705 (UNSTARRED), answered on 2023-07-31
Subject: Mahila Samman Savings
Ministry: FINANCE
Asked by: Su Thirunavukkarasar, Ravneet Singh

## Government of India Ministry of Finance Department of Economic Affairs

## LOK SABHA UNSTARRED QUESTION NO.1705 TO BE ANSWERED ON MONDAY JULY 31, 2023/ Sravana 9, 1945 (Saka) MAHILA SAMMAN SAVINGS

## No.1705

## SHRI THIRUNAVUKKARASAR SU. SHRI RAVNEET SINGH BITTU

Will the Minister of FINANCE be pleased to state:-

- (a) total  number  of  deposits  so  far  made  under  Mahila  Samman  Savings  Certificate  Scheme including number of depositors and the amount deposited therein, State-wise including Punjab;
- (b) the salient features of the scheme along with comparison to similar schemes available to the girlchild and women;
- (c) whether the said scheme can be also operated in banks and financial institutions etc. and if so, the details thereof;
- (d) if not, the reasons therefor; and
- (e) whether  the  Government  intends  to  extend  the  validity  of  the  scheme  to  benefit  the  women population of the country and if so, the details thereof??

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE

## ( SHRI PANKAJ CHAUDHARY )

- (a) The State-wise details of total deposits made and account opened under Mahila Samman Savings Certificate Scheme (MSSC) is attached as 'Annexure'.
- (b) This is newly launched small savings scheme of the Government to commemorate the Azadi ka Amrit Mahotsav and is exclusively for women and girls in India. Some of the salient features of the schemes include:
- (i) MSSC account may be opened by women of any age group including the girl child with a minimum deposit of ₹1000/- and maximum deposit of ₹2 Lakhs for a period of two years.
- (ii) The interest rate for MSSC is 7.5% p.a. which is compounded quarterly.
- (iii) The facility of partial withdrawal and premature closure on compassionate grounds are also available under this Scheme.
- (c) & (d) Government of India has authorized Department of Posts, all Public Sector Banks and four Private Sector Banks to operate MSSC.
- (e) Mahila Samman Savings Certificate Scheme has been made available for a two-year period up to March 2025. An application for opening an account can be submitted on or before the 31 st March, 2025.

*****

| Annexure   | Annexure                                 | Annexure                  | Annexure                      |
|------------|------------------------------------------|---------------------------|-------------------------------|
| S.No.      | Name Of The State                        | Number of accounts opened | Amount deposited (₹ in crore) |
| 1          | Andaman And Nicobar Islands              | 164                       | 2.09                          |
| 2          | Andhra Pradesh                           | 121734                    | 390.49                        |
| 3          | Arunachal Pradesh                        | 318                       | 4.35                          |
| 4          | Assam                                    | 26372                     | 173.03                        |
| 5          | Bihar                                    | 7482                      | 83.77                         |
| 6          | Chandigarh                               | 2390                      | 25.81                         |
| 7          | Chhattisgarh                             | 18700                     | 147.97                        |
| 8          | Delhi                                    | 29253                     | 327.82                        |
| 9          | Goa                                      | 2786                      | 28.54                         |
| 10         | Gujarat                                  | 65933                     | 592.37                        |
| 11         | Haryana                                  | 9247                      | 109.73                        |
| 12         | Himachal Pradesh                         | 54649                     | 406.10                        |
| 13         | Jammu And Kashmir                        | 6218                      | 60.50                         |
| 14         | Jharkhand                                | 8391                      | 72.86                         |
| 15         | Karnataka                                | 105134                    | 639.46                        |
| 16         | Kerala                                   | 44889                     | 258.79                        |
| 17         | Ladakh                                   | 145                       | 1.67                          |
| 18         | Lakshadweep                              | 44                        | 0.13                          |
| 19         | Madhya Pradesh                           | 49680                     | 404.72                        |
| 20         | Maharashtra                              | 296771                    | 1559.53                       |
| 21         | Manipur                                  | 39                        | 0.30                          |
| 22         | Meghalaya                                | 529                       | 5.67                          |
| 23         | Mizoram                                  | 1172                      | 4.11                          |
| 24         | Nagaland                                 | 151                       | 1.67                          |
| 25         | Odisha                                   | 56630                     | 388.08                        |
| 26         | Puducherry                               | 4056                      | 20.52                         |
| 27         | Punjab                                   | 12998                     | 139.33                        |
| 28         | Rajasthan                                | 96219                     | 463.81                        |
| 29         | Sikkim                                   | 305                       | 4.10                          |
| 30         | Tamil Nadu                               | 255125                    | 977.22                        |
| 31         | Telangana The Dadra And Nagar Haveli And | 66738                     | 188.90 4.59                   |
| 32 33      | Daman And Diu                            | 330                       |                               |
|            | Tripura                                  | 4358                      | 29.23                         |
| 34         | Uttar Pradesh                            | 45826                     | 423.57                        |
| 35         | Uttarakhand                              | 12884                     | 149.33                        |
| 36         | West Bengal                              | 76320                     | 539.87                        |
| TOTAL      |                                          | 1483980                   | 8630.00                       |

Note: Axis Bank, Bank of Maharashtra, HDFC Bank, ICICI Bank, IDBI Bank have not yet started the Mahilla Samman Savings Certificate Scheme.