The Indian government has introduced several financial schemes aimed at empowering women by enhancing their savings and financial security. The Mahila Samman Savings Certificate and the Mukhyamantri Maiya Samman Yojana are two financial schemes designed to empower women financially.
While the Mahila Samman Savings Certificate is a central government savings initiative, Mukhyamantri Maiya Samman Yojana is a state government welfare scheme. Let’s compare them to understand their differences and benefits.
Feature | Mahila Samman Savings Certificate | Mukhyamantri Maiya Samman Yojana (Jharkhand) |
Launched By | Government of India | Jharkhand Government |
Objective | Encourage savings among women | Provide financial assistance to women |
Tenure | 2 years (2023–2025) | Ongoing |
Interest Rate | 7.5% per annum | Direct financial assistance |
Deposit Limit | Min: ₹1,000, Max: ₹2 lakh | Not applicable (direct cash benefit) |
Eligibility | Women and girls | Women beneficiaries (as per Jharkhand govt.) |
Withdrawal | Partial withdrawal allowed | Direct bank transfer |
Mahila Samman Savings Certificate
Mukhyamantri Maiya Samman Yojana (Jharkhand)
If you are considering investing in the Mahila Samman Savings Certificate, be mindful of the approaching deadline. Eligible applicants can avail of the Mahila Samman Savings Certificate scheme until March 31, 2025.
Both the Mahila Samman Savings Certificate and Jharkhand Mukhyamantri Maiya Samman Yojana play vital roles in women’s financial empowerment. MSSC is ideal for women seeking stable returns on savings, whereas JMMSY is a welfare-driven initiative helping financially vulnerable women. Understanding their differences can help women make informed financial decisions based on their needs and eligibility.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Published on: Mar 30, 2025, 10:31 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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