Nirmala Sitharaman is the fifth minister to present five consecutive budgets. Apart from him, leaders who have given five consecutive budget and budget speeches include Arun Jaitley, Chidambaram, Yashwant Sinha, Manmohan Singh, Morarji Desai.
Finance Minister Nirmala Sitharaman has made several important announcements related to savings schemes while presenting the general budget. In this episode, senior citizens have also been given relief. The government has increased the maximum deposit limit of Senior Citizen Savings Scheme (SCSS) to Rs 30 lakh, which was earlier Rs 15 lakh. It means to say that now senior citizens can double their deposits. Explain that under this scheme, the government gives 8% interest. Under this the depositors can extend for another period of three years after the maturity period of 5 years.
At the same time, the Post Office Monthly Income Scheme has been increased to Rs 9 lakh for single account and Rs 15 lakh for joint accounts. The Finance Minister has proposed Mahila Samman Savings Certificate (MSSC) for a period of 2 years. It will provide women a deposit facility of Rs 2 lakh at 7.5% interest for two years with partial withdrawal facility
Last full budget of the government: Let us tell you that this is the last full budget of the Narendra Modi government. At the same time, Finance Minister Nirmala Sitharaman is the fifth minister in independent India to present five consecutive budgets. Apart from him, leaders who have delivered five consecutive budget and budget speeches are Arun Jaitley, P. Chidambaram, Yashwant Sinha, Manmohan Singh and Morarji Desai.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
