Today, Nirmala Sitharaman, the Union Finance Minister introduced a scheme of Mahila Samman Bachat Patra, a one-time new small savings program. According to FM, this scheme will be available for 2 years, that is till 2025 which will provide deposits for women and girls with a set interest rate of 7.5 percent with an option of partial withdrawal.
FM also stated that, a deposit facility of Rs. 2.5 lakh will be made available under this. These schemes are introduced in the interest of the public who opt for small savings plans, they are secure as well as it grants resources for development. About 1.54 lakh post offices are used to run these programs.
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