INDIAN GOVERNMENT INVESTMENT SCHEMES FOR WOMEN

It's a right to safeguard our future and insure dreams. The Indian government has established numerous schemes over generations, aiming to secure every life and protect our legacy. These government schemes for women initiatives ensure that women are well-prepared for today and tomorrow.
Find the List of Best Indian Government Investment Schemes For Women and steps to apply for suitable schemes for housewives, working women. Also get all the information about Government schemes for women entrepreneurs here.

 

List of Government saving schemes for women in India

1. Sukanya Samruddhi Yojana (SSY)

The Sukanya Samruddhi Yojana is a savings scheme aimed at the parents of girl children. It helps secure the future education and marriage expenses of the girl child.

Long-Term Security	The 21-year tenure ensures that the girl child’s education and marriage are financially secured.
High Returns	The attractive interest rates, typically higher than other savings schemes, help accumulate a substantial amount.
Empowerment	Encourages families to value and invest in their daughters' futures.
Eligibility	Parents or guardians can open the account in the name of a girl child until she turns 10.
Deposit Limit	Min. deposit of ₹250 and a max. of ₹1.5 lakh yearly.
Tenure	21 years from the date of the scheme opening or until the girl gets married after the age of 18.
Interest Rate	High interest rate, revised quarterly by the government.
Tax Benefits	Contributions qualify for tax deduction under Section 80C of the Income Tax Act.

How to Apply Sukanya Samruddhi Yojana?

• Step 1: Go to the nearest post office or authorized bank branch.
• Step 2: Request the Sukanya Samruddhi Yojana account opening form.
• Step 3: Fill the application form with the required details.
• Step 4: Attach the necessary documents:

1. Birth certificate of the girl child.
2. ID proof of the parent/guardian (Aadhaar, PAN, etc.).
3. Address proof (Aadhaar, utility bill, etc.).
4. Passport-sized photographs of the girl child and parent/guardian.

• Step 5: Deposit the minimum amount (Rs. 250) to open the account.
• Step 6: Once the account is opened, you will receive a passbook with account details.

 

2. Post Office Mahila Samman Savings Scheme

The Post Office Mahila Samman Savings Scheme is designed specifically for women, offering a secure investment option with attractive returns.

Long-Term Security	This scheme provides a reliable and safe investment avenue for women, ensuring long-term financial stability.
High Returns	The scheme offers competitive interest rates, helping women earn substantial returns on their savings.
Empowerment	By facilitating savings and financial growth, this scheme empowers women to achieve financial independence.
Eligibility	Open to all women in India.
Deposit Limit	The minimum deposit amount is Rs. 1,000, onwards with no maximum limit.
Tenure	The tenure options range from 1 to 5 years.
Interest Rate	The interest rate is determined by the government and is generally higher than regular savings accounts.
Tax Benefits	Deposits are eligible for tax deductions under Section 80C, and interest earned is also tax-free.

How to Apply for the Post Office Mahila Samman Savings Scheme (POMSSS)?

• Step 1: Visit the nearest post office.
• Step 2: Request the Application Form for Mahila Samman Savings Scheme application form.
• Step 3: Complete the form with the required details.
• Step 4: Submit Documents

1. ID proof (Aadhaar, Voter ID, PAN, etc.).
2. Address proof (Aadhaar, utility bill, etc.).
3. Passport-size photographs.

Step 5: Deposit the required amount to open the account.

Step 6: You will receive a passbook or account details once the account is opened.

 

3. Mukhyamantri Mahila Samman Yojana

The Mukhyamantri Mahila Samman Yojana is a state-level initiative aimed at empowering women through financial support and incentives.

Long-Term Security	The scheme ensures long-term financial security for women by providing regular financial aid.
High Returns	Women can benefit from the financial incentives and support provided, leading to better economic outcomes.
Empowerment	The scheme aims to enhance the social and economic status of women, promoting self-reliance and independence.
Eligibility	Varies by state; typically targets women from economically weaker sections.
Deposit Limit	Depends on the state's specific guidelines and financial assistance provided.
Tenure	Generally designed as a long-term support scheme, continuing for several years.
Interest Rate	Not applicable, as the scheme focuses on direct financial support rather than interest-bearing deposits.
Tax Benefits	Tax benefits, if any, depend on the specific state guidelines.

How to Apply for Mukhyamantri Mahila Samman Yojana?

• Step 1: Visit your state government’s official website or local government office for specific guidelines.
• Step 2: Get the application form as per the state guidelines.
• Step 3: Complete the form with the required details.
• Step 4: Attach Documents

1. ID proof (Aadhaar, Voter ID, etc.).
2. Address proof (Aadhaar, utility bill, etc.).
3. Income certificate (if required).
4. Passport-size photographs.

• Step 5: Submit the form at the designated government office or online portal.
• Step 6: You will receive confirmation and further instructions from the state authorities.

 

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4. Lakhpati Didi

Lakhpati Didi is a scheme focused on empowering rural women by providing them with opportunities to become financially independent and earn a stable income.

Long-Term Security	The scheme offers a sustainable source of income, ensuring financial security for women in rural areas.
High Returns	Women can achieve significant financial growth through various income-generating activities supported by the scheme.
Empowerment	By facilitating economic independence, Lakhpati Didi empowers women and improves their social status.
Eligibility	Primarily targets women in rural areas, especially those associated with self-help groups (SHGs).
Deposit Limit	Not applicable, as the scheme focuses on income generation rather than savings.
Tenure	Ongoing scheme with no fixed tenure, aiming for long-term economic empowerment.
Interest Rate	Not applicable.
Tax Benefits	Tax benefits are not typically associated with this scheme.

How to Apply for Lakhpati Didi scheme?

• Step 1: Visit to the local self-help group (SHG) office or designated government office.
• Step 2: Get the Application Form of Lakhpati Didi scheme.
• Step 3: Fill Out the Form: Complete the form with the required details.
• Step 4: Submit Documents:

1. ID proof (Aadhaar, Voter ID, etc.).
2. Address proof (Aadhaar, utility bill, etc.).
3. SHG membership proof (if applicable).
4. Passport-size photographs.

• Step 5: Submit the Form: Submit the form at the SHG office or designated office.
• Step 6: You will receive confirmation and further instructions from the authorities.

 

5. Kisan Vikas Patra (KVP)

Kisan Vikas Patra (KVP) is a savings certificate scheme that doubles the investment over a fixed period, providing a safe and secure investment option.

Long-Term Security	KVP offers a guaranteed return on investment, ensuring financial security.
High Returns	The scheme doubles the investment amount over a specific period, providing attractive returns.
Empowerment	KVP helps women secure their financial future through safe and reliable investments.
Eligibility	For all the Indian citizens 18+ years of age.
Deposit Limit	The minimum investment is Rs. 1,000, with no upper limit.
Tenure	The maturity period is approximately 124 months (10 years and 4 months).
Interest Rate	The interest rate is revised periodically by the government and is designed to double the investment.
Tax Benefits	There are no tax benefits on the deposits, but the returns are subject to tax as per the income tax laws.

How to Apply Kisan Vikas Patra (KVP) Scheme?

• Step 1: Visit your nearest Post Office or Bank
• Step 2: Obtain the Application Form: Request the KVP application form.
• Step 3: Fill Out the Form: Complete the form with the required details.
• Step 4: Submit Documents:

1. ID proof (Aadhaar, Voter ID, PAN, etc.).
2. Address proof (Aadhaar, utility bill, etc.).
3. Passport-size photographs.

• Step 5: Deposit the required amount to purchase the KVP certificate.
• Step 6: Receive Certificate: You will receive the KVP certificate once the process is completed.

 

6. National Savings Certificate (NSC)

National Savings Certificate (NSC) is a fixed income investment scheme that encourages small to mid-income investors to invest while saving on income tax.

Long-Term Security	NSC provides a secure and risk-free investment option with assured returns.
High Returns	The scheme offers a competitive interest rate, ensuring good returns over the tenure.
Empowerment	NSC promotes savings and financial discipline among women, leading to greater economic independence.
Eligibility	Open to all Indian citizens.
Deposit Limit	The minimum investment is Rs. 1,000, with no maximum limit.
Tenure	The tenure is 5 years.
Interest Rate	The interest rate is revised periodically by the government and is compounded annually.
Tax Benefits	Investments in NSC government schemes are eligible for tax deductions under Section 80C of the Income Tax Act.

How to Apply for a National Savings Certificate (NSC)?

• Step 1: Visit Post Office or Bank
• Step 2: Request the NSC application form.
• Step 3: Complete the form with the required details.
• Step 4: Submit Documents:

1. ID proof (Aadhaar, Voter ID, PAN, etc.).
2. Address proof (Aadhaar, utility bill, etc.).
3. Passport-size photographs.

• Step 5: Deposit the required amount to purchase the NSC.
• Step 6: You will receive the NSC certificate once the process is completed.

 

7. Post Office Time Deposit Scheme

The Post Office Time Deposit Scheme is a fixed deposit plan offered by India Post, providing a safe and reliable investment option with flexible tenure options.

Long-Term Security	The scheme offers a secure investment with guaranteed returns, ensuring financial stability.
High Returns	Competitive interest rates ensure good returns on deposits over time.
Empowerment	By encouraging regular savings, the scheme helps women build a solid financial foundation.
Eligibility	Open to all Indian citizens.
Deposit Limit	The minimum deposit is Rs. 200, with no maximum limit.
Tenure	Tenure options include 1, 2, 3, and 5 years.
Interest Rate	The interest rate varies based on the tenure and is revised periodically by the government.
Tax Benefits	Investments in a 5-year term are eligible for tax deductions under Section 80C of the Income Tax Act.

How to Apply for a Post Office Time Deposit Scheme?

• Step 1: Visit your nearest post office.
• Step 2: Request the time deposit account opening form.
• Step 3: Complete the form with the required details.
• Step 4: Submit Documents: 

1. ID proof (Aadhaar, Voter ID, PAN, etc.).
2. Address proof (Aadhaar, utility bill, etc.).
3. Passport-size photographs.

• Step 5: Deposit the required amount to open the time deposit account.
• Step 6: You will receive a passbook with the account details once the process is completed.

 

How Women Can Get Business Loans Through Indian Government Investment Schemes

1. Utilize schemes like SSY, NSC, and Post Office Time Deposit to build a strong savings foundation.
2. Make sure of the time payments to maintain a good credit score for business loans.
3. Use the passbooks and certificates from these schemes as proof of financial stability.
4. Create a detailed business plan outlining your business idea, market analysis, and financial projections.
5. Visit banks or financial institutions that offer business loans for women.
6. Provide necessary documents, including your business plan, proof of savings from these schemes, and other required identification and financial documents.
7. Ensure you meet the bank’s eligibility criteria for business loans, which may include age, business type, and creditworthiness.

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Indian Government Investment Schemes For Women's Programs That Support Women Entrepreneurs:

1. Mudra Loan under PMMY (Pradhan Mantri Mudra Yojana)
2. Stand-Up India Scheme

How to choose the right Government Investment Schemes for Women?

• Understand the specifics of each scheme and choose one that aligns with your financial goals.
• Gather necessary documents like identity proof, address proof, and photographs.
• Most schemes can be accessed through post offices or banks. Visit these centers to open an account.
• Consistently contribute to your chosen scheme to maximize benefits.
• Keep track of your investments and make adjustments if needed to stay on track with your financial goals.

 

Over to you!

It's time to take charge of your financial future and make the most of these opportunities. Comparing and buying these government schemes, women can ensure a better and more secure future for themselves and their families. These Indian Government Investment Schemes for women is not only offer the best and worthwhile returns but also come with various additional benefits such as tax deductions, making them a wise choice for financial planning.
 

FAQs

Q1. What is Kisan Vikas Patra (KVP)?

Ans: A savings scheme that doubles the investment over a fixed period.

Q2. Who can apply for the Lakhpati Didi scheme?

Ans: Primarily women in rural areas, especially those in self-help groups (SHGs).

Q3. What is the Mukhyamantri Mahila Samman Yojana?

Ans: A state-level scheme providing financial aid and support to empower women.

Q4. Who can open a Post Office Time Deposit account?

Ans: Any Indian citizen.