Many investors like to make more returns on investment without committing any losses or risk of their money. Most people searching for a scheme that doubles or triple their overall invested amount.
If you are looking for this profitable sche,e, then here are the top six Indian government scheme which is best to invest for;
Sukanya Samriddhi Yojana (SSY)
The Sukanya Samriddhi Yojana Scheme was created to enable parents to invest in their daughters’ future. The Prime Minister of India, Narendra Modi, unveiled this scheme in 2015 as part of the ‘Beti Bachao, Beti Padhao’ initiative. This program is aimed at minor female children.
National Pension Scheme (NPS)
The National Pension Scheme, or NPS, is one of the most well-known schemes offered by the Indian government. It is a retirement savings plan available to all Indians, but it is required for all government workers. The National Pension Scheme (NPS) aims to provide state pensions to Indian people. This scheme is open to Indian people and NRIs between the ages of 18 and 60.
Public provident fund(PPF)
PPF, or Public Provident Fund, is another of the government of India’s oldest retirement plans. The money put into this program, the interest gained, and the amount taken out are all tax-free. As a result, the Public Provident Fund is not only secure, but it can also help you save money on taxes.
National Savings Certificate (NSC)
The Government of India has introduced the National Saving Certificate (NSC) to encourage Indians to save money. This scheme has a minimum investment amount of INR 100 and no overall investment amount. Every year, the NSC interest rate rises and falls.
Atal Pension Yojana (APY)
The Atal Pension Yojana, or APY, is a government-sponsored social security program for employees in the unorganized sector. For more details visit here https://yojanaman.in. APY is open to Indian citizens between the ages of 18 and 40 who have a legitimate bank account.
Pradan Mantri Jan dhan Yojana
Pradhan Mantri Jan Dhan Yojana, or PMJDY, was founded to provide Indians with basic banking services such as a savings account, a deposit account, insurance, and pensions. The Indian government planned to provide the poor and vulnerable with convenient access to financial services such as savings and deposit accounts, remittance, insurance, credit, and pensions.