Women are making progress in every field, whether it is a challenging job like the army or a responsible role like a doctor. To support their financial growth, the government has introduced several beneficial schemes. These schemes are especially useful for those planning to save for the future. By investing in them, you can accumulate savings worth lakhs of rupees while also earning good returns.
Here are 5 Best Schemes for Women which one Worth Lakhs After Budget
The government continuously launches various schemes to benefit women. Today, we will discuss five of the best schemes where you don’t have to worry about losing money, as these are all government-backed.
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1. Sukanya Samriddhi Yojana
This scheme, launched in 2015 by Prime Minister Narendra Modi, is part of the Beti Bachao, Beti Padhao initiative. It offers an annual return of 8.2%. Additionally, it provides tax exemption under Section 80C of the Income Tax Act. You can start investing with just Rs 250, and the money stays invested for 14 years.
2. Subhadra Yojana
Launched for women in Odisha, the Subhadra Yojana helps women aged 21-60. The aim is to financially empower women in Odisha. Under this scheme, financial assistance of Rs 50,000 is provided over five years.
3. Majhi Ladli Bahin Yojana
Introduced by the Maharashtra government, this scheme benefits women aged 21-65. It offers Rs 1,500 per month to eligible women. The goal is to make women financially independent, though applicants must have an annual income of less than Rs 2.5 lakh.
4. Mahila Samman Saving Certificate
Launched in 2023, this scheme allows women to invest up to Rs 2 lakh. It offers a return of 7.5% on investments. This is a great option for women looking to save and grow their money securely.
5. NSIGSE (National Savings Incentive for Girls’ Education)
NSIGSE is a great option for schoolgirls, particularly those from Scheduled Tribes and Scheduled Castes. It provides financial assistance of Rs 3,000 to girls studying in school.
These government schemes offer various financial benefits to women, ensuring both savings and growth.