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Asian Journal Of Multidimensional Research
Year : 2023, Volume : 12, Issue : 11
First page : ( 38) Last page : ( 56)
Online ISSN : 2278-4853.
Article DOI : 10.5958/2278-4853.2023.00138.6

Sukanya Samridhi Yojana initiative of Indian Government: An interstate analysis

Ms. Pattar Nistha1, Dr. Mehta Parveen Kumar2

1Research Scholar, PhD, Assistant Professor of Economics, MCM DAV College for Women, Chandigarh, Chandigarh University, Punjab, India, Email Id: nisthapattar6@gmail.com

2Associate Professor of (Economics), MCM DAV College for Women, Chandigarh, Chandigarh University, Punjab, India, Email Id: parveen.e11784@cumail.in

Online published on 19 December, 2023.

Abstract

This study was undertaken in order to comprehend the Sukanya Samriddhi Yojana (SSY) initiative announced by the Government of India (GOI) for girl children. This scheme is especially for Indian parents and guardians to design for a girl’s higher education or marriage needs. The study analyses the Sukanya Samriddhi Scheme (SSY) through its varied effect across the country, comprising all of Indian states and union territories. The SSY scheme has been analysed since the time of its inception based on calculation of average amount saved per account in different states and union territories. The time period under study is 2014-2015 to 2022-2023. The study aimed at analyzing the scheme in terms of the amount saved in the scheme per account on an average across various states and union territories by calculating the Spearman's rank correlation. The results, arrived at through rank correlation analysis showed that correlation among variables developed with passing of years.

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Keywords

Sukanya Samriddhi Yojna, Indian States and Union Territories, Girl Child, Women, Bank Account.

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