Every parent aspires for their children to excel in their studies and achieve a higher level of education. Unfortunately, due to our country’s rising cost of education, quality education remains out of reach for many low-income families. Parents who cannot afford to send their children to prestigious corporate schools often face difficult compromises. Consequently, even … Read more
The Indian government is implementing various schemes to support all sections of the population, focusing on promoting women’s empowerment. Several initiatives are specifically designed for women. Recently, the central government introduced a new scheme called “Bima Sakhi,” which aims to benefit women in rural areas. Prime Minister Narendra Modi launched the Bima Sakhi Yojana on … Read more
If you’re looking for a steady return on your savings, investing in a Fixed Deposit (FD) can be an intelligent choice. Fixed Deposit schemes can provide good income through interest earnings. If you’re interested in a short-term investment that yields higher profits, a SBI 400-day scheme may be a beneficial option. Let’s explore the advantages … Read more
All parents want their children to have a promising future, so they start investing now. Let’s take a look at the best child investment plans available for such parents. 1. Sukanya Samriddhi Yojana: The Sukanya Samriddhi Yojana, launched by the central government in 2015, is a significant step towards securing your daughter’s future. This scheme … Read more
The central government has announced a new budget opportunity for parents to save for their children’s future. The National Pension Scheme (NPS) has been changed to include minors. The central government has launched the NPS Vatsalya, a new scheme for children. It will allow parents or guardians to invest in their children’s names. Under this … Read more
The NPS Vatsalya Scheme, a recent government initiative, provides a secure avenue to safeguard your child’s financial future. Introduced in the July 2024 budget by Union Finance Minister Nirmala Sitharaman, this scheme is overseen by the Pension Fund Regulatory and Development Authority (PFRDA). Through this scheme, parents or guardians can build a retirement corpus for … Read more
You never know when or how someone might face a problem in life. Therefore, it is essential to be prepared for any unexpected situation. In today’s world, insurance has become a crucial necessity. Accidents often occur without warning, making it vital to have accidental policies in place. However, individuals with limited financial means may struggle … Read more
A film poet once wrote a wonderful song: “Money is the source of everything – understanding the value of this money is human dharma.” This sentiment resonates deeply in real life. Saving money enables you to live comfortably and avoid financial difficulties in the future. It also helps you achieve your financial goals more easily. … Read more
On November 6, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved a new scheme called ‘PM Vidyalakshmi’. This initiative aims to provide financial assistance to economically disadvantaged students seeking higher education. Under this scheme, students can secure loans from banks and financial institutions without collateral. Additionally, the government will offer subsidies on education … Read more
The Andhra Pradesh government has launched the AP Aasara Pension Scheme, a social security pension scheme that provides financial support to the needy and vulnerable sections of society. The AP Social Security Scheme is a pioneering initiative by the Andhra Pradesh government to provide a monthly pension to the elderly, disabled, and vulnerable individuals. The … Read more