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CA Rachana Ranade discusses the Sukanya Samruddhi Yojana, introduced by Prime Minister Modi in 2015. The scheme aims to facilitate financial planning for a girl child's higher education and marriage. Many parents neglect financial planning, resulting in a lack of funds during critical times, which can lead to difficult situations such as dropping out of education or relying on high-interest loans. The Sukanya Samruddhi Yojana was designed to prevent these issues and encourage better financial management. Parents of a girl child can open an account under this scheme to secure funds for her future needs.