Government Schemes Current Affairs
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The Union Government has reduced minimum yearly deposit required under popular girl child savings scheme, Sukanya Samriddhi Yojana to Rs 250 from Rs 1,000 earlier. This has been lowered to enable more people to enjoy benefits of this scheme. In this regard, Government has amended Sukanya Samriddhi Account Rules, 2016.
Sukanya Samriddhi Yojana
It was launched as a small savings scheme under Beti Bacho Beti Padho (BBBP) in January 2015. It aims to motivate parents to open an account in name of girl child for her welfare and meet expense requirements of higher education and marriage. Under this scheme, parent or legal guardian of a girl child can open an account in her name until she attains the age of ten years. The account can be opened via post office or commercial banks.
Deposits can be made in this account up to 14 years from date of opening of account. After this period, the account will only earn interest according to applicable rates. The minimum deposit that can be made every year into account is now Rs 250 and maximum amount on yearly basis is Rs 1.50 lakh.
The girl child can withdraw 50% of the money in the account after reaching age of 18 for higher education (18 years limit for preventing child-marriages). The amount deposited in it will get interest rate of 9.1% and there will be no income tax for this. The account will remain operative until the girl child reaches 21 age.
Sports Authority of India (SAI) under Union Ministry of Sports and Youth Affairs has cleared 734 athletes for the scholarship under the Khelo India Talent Development Scheme. They were selected High Powered Committee of SAI. Through this programme, the athletes will get training at government-accredited residential academies. They will be provided with annual stipend of Rs. 1,20,000 on quarterly basis to meet their out of pocket expenses, treatment of injuries and other expenses.
The High Powered Committee for the first time also has accredited various private, state and SAI academies to create strong ecosystem for nurturing talent. It includes 21 non-SAI academies as well. The rationale behind it is to develop more such academies so that young athletes can get access to best training without having to travel long distances.
Khelo India Talent Development Scheme
The scheme was introduced by Ministry of Sports and Youth affairs to revive sports culture in India at grass-root level. Its objective is to build strong framework for all sports played in our country and establish India as great sporting nation. It aims to help scout young talent from schools in various disciplines and groom them as future sports champions. Under it, talented players are identified in priority sports disciplines at various levels by High-Powered Committed and each selected player is provided annual financial assistance of Rs. 5 lakh for 8 years.