Many people want to save a significant portion of their earnings based on their financial capabilities. Numerous saving schemes are available, but the primary concern is security and the potential for good returns on hard-earned money. Public sector organizations offer attractive schemes for individuals seeking security and decent returns, with the post office being a … Read more
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PMJAY), also known as PM Jan Arogya Yojana, is a flagship social welfare scheme of the Government of India. It aims to provide cashless secondary and tertiary care treatments at empanelled public and private hospitals. This initiative offers health coverage to over 10 crore poor and vulnerable families … Read more
Pradhan Mantri Urban Awas Yojana (PMAY-U) is a flagship initiative by the Government of India, launched on June 25, 2015, under the Ministry of Housing and Urban Affairs (MoHUA). This social security welfare scheme aims to address urban housing shortages by providing pucca houses to all eligible urban households by 2022, coinciding with India’s 75th … Read more
In 2018, the Center introduced the Pradhan Mantri Kisan Samman Nidhi Scheme (PM Kisan scheme) to provide crucial investment assistance to farmers. As part of this scheme, the Center provides Rs. 6,000 annually to the farmers in Rs. 2,000 instalments. The 18th instalment, a significant milestone in the scheme, is eagerly awaited and holds great … Read more
On World Senior Citizens Day, let’s explore some investment options that offer financial security to senior citizens. These investment schemes can provide a steady income during retirement, ensuring a smooth financial life for seniors. If you have senior citizens, consider investing in one of these four schemes in their name. Senior Citizen Bank Deposits: Most … Read more
The Sukanya Samriddhi Yojana (SSA) is a government-backed savings scheme in India specifically designed to promote the welfare and financial security of the girl child. Launched under the “Beti Bachao, Beti Padhao” campaign, this scheme offers a high-interest rate and significant tax benefits, making it an ideal long-term investment option for parents. Current Interest Rate … Read more
The central government provides many investment schemes for all communities. Small investments in these schemes can lead to excellent long-term returns. The Sukanya Samriddhi Scheme is offered as part of this initiative for girls, and its high interest rates make it beneficial for events like baby marriages and weddings. It’s essential to start saving and … Read more
The Public Distribution System (PDS) is a crucial social welfare scheme in India, designed to distribute essential food grains and commodities to the country’s poor at subsidized prices. This system evolved as a response to scarcity, ensuring that food grains are available at affordable prices across the nation. Over time, PDS has become a significant … Read more
The National Pension Scheme for Traders and Self-Employed Persons is a government initiative to provide old-age protection and social security to small-scale shopkeepers, retail traders, and self-employed individuals. This scheme, also known as the NPS Traders Yojana, is specifically aimed at companies with an annual turnover of less than Rs 1.5 crore. Eligibility Criteria To … Read more
The National Social Assistance Programme (NSAP) is a crucial initiative by the Government of India to financially support vulnerable sections of society, including the elderly, widows, and persons with disabilities. Launched on August 15, 1995, NSAP is a Centrally Sponsored Scheme under the Social Security Welfare Schemes. Key Objectives of NSAP NSAP is designed to … Read more