International Women's Day 2024: Check out 5 financial schemes for women

International Women's Day 2024: Every year, International Women's Day is celebrated on March 8. On this occasion, we recognise the progress made by women in various fields, including politics, education, business, social services, arts and culture, sports, aerospace, journalism and media, science, technology, and more.
 
Empowering women financially not only ensures their independence but also contributes to overall societal progress. However, many women in our country are far behind in their journey towards financial independence.
 
This International Women's Day, we are encouraging those women to become financially stable by kickstarting their businesses, or pursuing higher education, or boosting their financial independence by opting for any government and private investment schemes.

Here's a list of the 5 financial schemes that can empower women and improve their financial well-being by providing them with opportunities to save and invest. Take a look:

1. Sukanya Samriddhi Yojana

Designed specifically for the welfare of the girl child, Sukanya Samriddhi Yojana offers a long-term savings option with attractive interest rates of 8.2 per cent per annum, including tax benefits. Parents or guardians can open an account under this scheme for girls below the age of 10, ensuring financial security for their future education, marriage, or other life goals. For more details, click

2. Post Office Mahila Samman Savings Scheme

Launched in April 2023, Mahila Samman Savings Certificate Scheme is a woman-centric guaranteed return small savings government scheme aimed at promoting the financial growth of women. Also known as Mahila Samman Bachat Patra, the scheme is available at post offices, PSU banks, and select private banks for up to March 31, 2025, and offers an annual turn of 7.5 per cent, compounded quarterly. For more details, click

Also Read: International Women's Day 2024: Wishes, greetings, messages, images to share with friends and family

3. SBI Life Smart Women Advantage Plan

An insurance-cum-investment plan specially designed for women, SBI Life Smart Women Advantage Plan offers triple coverage—life cover, savings, and critical illness benefits. It is a participating individual traditional endowment plan that also provides optional benefits for additional pregnancy complications, congenital anomalies (APC & CA), and birth-related abnormalities. This plan comes with two basic options – Gold Plan and Platinum Plan. For more details, click

4. Mukhyamantri Mahila Samman Yojana

Announced by the Delhi government in the 2024 budget speech, Mukhyamantri Mahila Samman Yojana is a women's welfare programme, under which, every woman above 18 years of age will be given Rs 1,000 monetary assistance per month. If a woman is a resident of Delhi and has a voter ID card of the National Capital, she can avail the benefits of this scheme. For more details, click
 
5. Lakhpati Didi

Lakhpati Didi Yojana is a skill development training programme launched by the Government of India to economically empower women, especially in rural areas. Under this scheme, women will be trained in technical skills like making LED bulbs, plumbing, repairing drones, etc. Women whose annual income per family is at least Rs 1 lakh can avail the benefits of this women-centric scheme. For more details, click