Savings under Sukanya Samriddhi Yojana stood at ₹1.05 lakh crore at May end

Currently, the interest rate offered on SSY is the highest among all small saving schemes at 7.6%..SSY, launched in January 2015 as part of the government's larger 'Beti Bachao, Beti Padhao' campaign, is aimed at encouraging and incentivizing Indian parents to educate and nurture their daughters.