Tuesday , November 5 2024

Newborn FD Account: Now FD account can be opened for newborn child also, will get benefits

Often parents are not able to save or invest for the future of their children from the beginning. And many times there is a lot of delay in investing in the name of children. But the Central as well as many state governments run such schemes, under which parents can start deciding the path of investment for the future of their children as soon as possible. However, the objective behind the scheme we are talking about here is not only to provide financial support for the future of children but also to increase the population. Actually, the Sikkim government has announced such a scheme (Shishu Samridhi Yojana), through which the government wants to promote the population growth of the state.

In fact, according to the 2011 census, the Himalayan state has the lowest population in the country at 6.10 lakh. The Tamang-led government is taking several steps to encourage couples to have more children to address concerns over the growing population.

FD scheme for newborns

Sikkim government will make a fixed deposit of Rs 10,800 in the name of newborn babies. Sikkim Chief Minister Prem Singh Tamang on Monday announced a new scheme (Shishu Samridhi Yojana), under which the government will make a fixed deposit of Rs 10,800 in the name of a newborn baby. Addressing the 'Jan Bharosa Sammelan' in Soreng, Tamang announced the 'Sikkim Shishu Samriddhi Yojana' ahead of the assembly elections in the state. He said that money can be withdrawn once the fixed deposit is completed and the child turns 18 years old.

That is, under this scheme, the government will make a fixed deposit of Rs 10,800 in the name of any couple on the birth of a new born child and when the child becomes an adult i.e. 18 years, then they can withdraw money from this account as per their rights. , It is not yet clear how much interest will be given on this FD, whether the maturity period will be 18 years or whether any other facilities will also be provided. It is possible that the government will soon release detailed information about the scheme.

Many other announcements for population growth

Efforts to encourage population growth include additional salary increases for government employees with two or three children, one year of maternity leave for female government employees, and financial grants for non-working mothers. Tamang had said last year, “The low fertility rate among the local indigenous population in Sikkim is a matter of serious concern. We must take all necessary steps to reverse this.

Apart from this, the Chief Minister said during the program in Soreng that about 25,000 temporary government employees who have completed four years in service will be submitted a memorandum for regularization at Rangpo on February 29. Earlier this month, the state cabinet had approved regularization of the government. Restoration of employees and old pension scheme. The Chief Minister has also announced that Rs 48 lakh will be spent on the construction of homestays which will generate employment opportunities and promote tourism in the state. Tamang inaugurated a fire station in Soreng district. It has been constructed in Sigling at a cost of Rs 5.5 crore. The building also houses residential quarters and toilets, among other facilities.