The government has announced a new Unified Pension Scheme (UPS) for central government employees, replacing the current Shared Pension Scheme (CPS). The Central Government greatly respects all government employees who work for the country’s development. The UPS Scheme has been introduced to provide financial security to all of them so that they can live with … Read more
HDFC Bank, our country’s largest private sector bank, has started accepting deposits under the ‘Senior Citizen Savings Scheme’ (SCSS). Although the SCSS is not a new scheme and has been available for many years, it is a public sector initiative supported by the Government of India. Recently, HDFC Bank has begun offering this scheme for … Read more
The Telangana government has announced the implementation of the Rajiv Yuva Vikasam Scheme, which offers self-employment loans to youth from Scheduled Castes (SC), Scheduled Tribes (ST), Backward Classes (BC), and minority communities. Applications for the scheme will be accepted online starting from March 17. According to the official notification, eligible beneficiaries will receive financial assistance … Read more
Prime Minister Narendra Modi recently announced the Unified Pension Scheme (UPS) for government employees, emphasizing its pivotal role in ensuring workers’ financial security. The UPS guarantees 50% of the average basic pay for the 12 months prior to retirement as a pension, along with additional benefits such as family pension, minimum pension, and inflation adjustments. … Read more
The Government of India has launched various welfare schemes to benefit the country’s citizens. Among these initiatives, there is a strong emphasis on women’s empowerment, with several programs designed to enhance women’s participation in economic activities and improve their overall lifestyle. In 2023, the Government of India introduced a unique scheme called “Namo Drone Didi … Read more
Investing earned money appropriately can ensure a lifetime of financial stability. There are specialized saving plans to secure your future. Financial planning is crucial at all stages of life, even after the age of 60, when earning potential decreases. LIC offers an attractive plan to address this need. Having sufficient funds is crucial for a … Read more
The Government of India has introduced the Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM) to provide old age protection and social security for unorganized workers. This voluntary and contributory pension scheme ensures a minimum assured pension of ₹3,000 per month upon reaching the age of 60. Key Features of PM-SYM Pension Scheme The PM-SYM scheme … Read more
India Post offers a range of savings schemes, providing secure and government-backed investment opportunities for individuals across the country. These schemes, designed for urban and rural investors, ensure your funds remain safe while offering decent returns. Below, we’ll explore the key savings schemes available through India Post, their interest rates, and how you can benefit … Read more
Have you heard about the Kisan Vikas Patra (KVP) scheme offered by the post office? There might be some confusion about who can invest in it. Everyone is looking to save a lot of what they earn. They decide how much to save based on their income. But many parents save for their children’s future. … Read more
The Indian central government has announced an exciting initiative for women nationwide. Under this scheme, ₹7,000 will be deposited into their accounts monthly. This program, aimed at benefiting women, is known as the Bima Sakhi Yojana. Bima Sakhi Yojana The government frequently introduces various programs for public welfare, particularly for women’s empowerment. One such initiative … Read more