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Key Takeaways
Sukanya Samriddhi Yojana is a government-backed savings scheme launched under the Beti Bachao Beti Padhao initiative to secure a girl child's future
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Understanding the Sukanya Samriddhi Yojana Policy
The Sukanya Samriddhi Yojana is a small savings scheme launched by the Government of India to promote long-term financial planning for a girl child. Parents or legal guardians can open an account in the name of a girl child below the age of 10 years. The scheme also offers tax benefits under Section 80C of the Income Tax Act, making it an appealing long-term savings option for families.