Government Scheme for Women’s : In this era it is crucial that every woman in this country is financially independent and supports herself and the family. Moreover, the Government is also taking initiatives for Women Empowerment.
These financial decisions make the women independent and help them understand the finances in a much better way. Multiple schemes have been initiated by both the State and Central Government for women.
Majhi Lakdi Behan Yojna (Maharashtra), Ladli Behna Yojna (Madhya Pradesh), Chief Minister Mahila Samman Yajna (Delhi), Subhadra Yojna (Odisha) and Maiya Samman Yojna (Jhaskand) are some of the these schemes.
Without investing a single penny in these schemes, women can take advantage of these schemes. Apart from these schemes, there are few schemes for investment in which women can get higher returns which are initiated by the Government.
In this article at Chandigarh Breaking you will get to know all the details about these schemes, do make sure to read till the end –
Public Provident Fund (PPF)
Public Provident Fund is one of the best for an investment which also helps in Tax Exemption and Returns as well. Under PPF there’s a EEE category in which women get the full benefit of Tax Exemption.
Once the amount reaches its maturity, no Tax has to be paid to the government and enjoy the full amount. Generally there’s a lock in period of 15 years in PPF but that’s the minimum year, and you can extend it till how long you desire. The interest of the money will keep on increasing.
- The money is highly secured in the PPF account and verified by the Government.
- Currently we are getting 7.1% on interest on investment.
- Government is directly regulating this scheme.
- The interest is decided by the government on which date it will be paid after every 3 months.
- Completely risk free and safe.
- A minimum of Rs 500 needs to be invested.
- There’s a cap of Rs 1.5 Lakh which can be added in 1 year.
- The money can be added in a maximum installment of 12 in the financial year.
Subhadra Yojana
Odisha Government has initiated Subhadra Yojna, in this scheme an amount of Rs 10,000 (Ten Thousand) to the women of that state every year dividing it in 2 installments.
Each installment is of Rs 5,000 (Five Thousand) to the account of the women. In Odisha the Subhadra Yojna is most popular among women.
Mahila Samman Savings Certificate Scheme (MSSC)
Government is taking many initiatives with respect to Women Empowerment. They have launched the Mahila Samman Saving Certificate in the budget of 2023.
This scheme is beneficial for the person who wants to save for their wife, Daughter or any other women in their life. The MSSC is a short term savings scheme under which all age group women, girls are accepted. As this scheme is initiated by the Government, it is a risk free scheme.
Exciting features of MSSC
- The max period for maturity of 2 years in MSSC
- Fixed Interest rate of 7.5%
- Minimum amount for investing in this scheme is Rs 1000 and maximum can go upto Rs 2 Lakh.
- One can withdraw the amount at any stage fulfilling a few conditions.
- This scheme can be availed in the nearest Post Office and few other banks.
- Neither there is any Tax Exemption in this scheme nor there is any Tax Deduction in it.