Mahila Samman Savings Certificate - Everything about it 🧵

#NirmalaSitaraman #Budget2023
The Mahila Samman Savings Certificate is aimed at ensuring women’s safety and welfare.

#womenempowerment
Interest rate

The one-time new small saving scheme will offer a fixed interest rate of 7.5 per cent.

#middleclass
Maximum deposit

A maximum deposit of Rs 2 lakh. The scheme will be available for years up to March 2025.

#women
Tenure & Withdrawal

For a period of 2 years with partial withdrawal option.
This is a great initiative to help inclusion and financial independence for women.

These steps will help further strengthen our society’s financial health.

#Budgetwithfinology #AskKamra
There's also a female-only scheme "Sukanya Samriddhi Yojna", which is quite popular.

It can be opened in the name of a girl child, any time before she attains 10 years of age.

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More from @FinologyInsider

Feb 1
9 things to know about Senior Citizen Saving Scheme:

• What SCSS offers?
• Eligibility
• Interest Rates
• Account opening procedure
• Taxation
• Maturity Period
• Minimum & Max Deposit
• Tenure
• Lapse of Scheme

– A Thread🧵⤵️ –
• What SCSS offers?

This scheme comes in as a viable investment option for retired as well as Senior citizens. It is one such parkway which aims at delivering safe & viable investment options.

#Seniorcitizen #IndianEconomy
• Eligibility

The Eligibility criteria of individual investors must be at least 60 years & above. This scheme also includes retired defence personnel with a minimum age of 50 yrs.

People who are not allowed to invest in SCSS are NRIs & HUFs.
Read 12 tweets
Feb 1
We're breaking #Budget2023 down for you.

Sit back, relax, and have a great read! 👇
#AskKamra
1.

Infra gets boost:

- Highest ever capital outlay of Rs. 2.40 lakh crores for Railways

- 50-year interest-free loans to states one more year for infra spends
2.

Agri & Fisheries to benefit:

- Agricultural accelerator fund to promote agri-startups

- 10,000 bio-input resource centres in next 3 yrs to promote natural farming

- 6000 Cr outlay for Animal husbandry, dairy, and fisheries
Read 28 tweets
Jan 31
Here are #5ReasonsWhy the budget matters.
The budget is a bit… slow (no offence @nsitharaman, but there are better ways to spend #1stFeb).
Slow delivery aside, understanding the budget is beneficial. If nothing, you could get something for your #budgetday griping!
Taxation Changes:
Each budget decides the rates of both direct and indirect tax.
With the Union #Budget2023 , Income tax is expected to reduce, raising people’s income.
Indirect tax is expected to rise on fuel, luxury goods and tobacco, reducing demand.
Inflation and Interest Rates:
Rising indirect taxes on fuel may increase its prices, which raises the cost of various goods that use the same fuel as an input. This increase in price may lead to inflation.
Fiscal and monetary plans from the budget control inflation in a country.
Read 7 tweets

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