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CA Rachana Ranade discusses the Sukanya Samruddhi Yojana, introduced by Prime Minister Modi in 2015. The scheme aims to promote financial planning for the higher education and marriage of girl children. Many parents lack financial planning, which can result in challenges when funds are needed for their daughters’ education or weddings, sometimes leading them to rely on high-interest loans. The Sukanya Samruddhi Yojana was established to prevent these situations by encouraging parents to save for their girl child's future. Any parent with a girl child is eligible to open an account under this scheme.