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
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?
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 5: Deposit the required amount to open the account.
Step 6: You will receive a passbook or account details once the account is opened.
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?
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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?
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?
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)?
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?
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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
Ans: A savings scheme that doubles the investment over a fixed period.
Ans: Primarily women in rural areas, especially those in self-help groups (SHGs).
Ans: A state-level scheme providing financial aid and support to empower women.
Ans: Any Indian citizen.