The Department of Commerce – B.Com (Banking and Insurance) organized an extension activity titled “Awareness Program on the Selva Magal Thittam (Sukanya Samriddhi Yojana – SSY)” at Nedungulam on 4th October 2025. The session was conducted by II Year B.Com (Banking and Insurance) students, with seven students actively participating under the guidance of the Head of the Department. The program successfully reached and benefitted approximately 25 members of the Nedungulam community.
Ms. Rahmath Nisha, a II Year student, delivered a detailed presentation on the Selva Magal Thittam, explaining that the Sukanya Samriddhi Yojana is one of the most popular and high-performing small savings schemes. She highlighted the scheme’s significance in financially empowering girl children, emphasizing its long-term benefits, superior tax advantages, and steady growth in account numbers. She concluded by noting that the SSY has become an essential and trusted component of financial planning for families with daughters.
Outcomes of the Program:
- The awareness program successfully promoted the objectives of the Selva Magal Thittam savings scheme.
- Participants gained insights into effective money management and developed a sense of ownership and responsibility towards the scheme.
- The initiative enhanced the community’s understanding of financial planning and fostered accountability for the Selva Magal Thittam.
Participants acquired valuable financial habits and a sense of duty in supporting the objectives of the scheme.