Most Popular Indian the government has launched several savings schemes aimed at encouraging people to invest in government-sponsored programs.
Here are some tax-benefitting investment schemes you can consider if you are looking for risk-free investments.
Financial institutions, banks, and post offices offer these types of investments.
In the primary market for government securities, retail investors have access to Treasury bills (T-Bills) and Government of India (GoI) debt.
Based on the dimensions of the liabilities of the respective organizations, the maturity period ranges from 91 days to 40 years.
Currently, interest is not subject to TDS and G-Secs are able to be stored in the Demat account.
You may also borrow money in the repo market with G-Sec security.
Scheme of National Pensions (NPS)
An income from the National Pension System of the Central Government can be depended upon after retirement. Initially, only employees of the government were covered by the program.
As of 2009, the Indian government opened up access to the program to all, including self-employed individuals and employees in the private sector.
At present, both private and public sector employees, organized or unorganized, can participate in the scheme.
A pension fund development agency administers the plan.
Under the plan, the supporter will get a 10-15% premium on their speculation.
Atal Pension Yojana (APY)
Atal Pension Yojana is a government-sponsored scheme that offers financial assistance to those employed in the informal economy, such as maids, drivers, and gardeners.
Depending on the amount of donation made by subscribers, an annual minimum pension will be given to those who reach the age of 60.
A tax exemption is provided in Section 80CCD of the Income Tax Act, 1961.
A government-funded scheme also contributes 50 percent of subscribers’ contributions, up to a maximum of Rs 1000.
Sukanya Samriddhi Yojana
Under section 80C of the income tax act, investments of up to Rs 1.5 lakh are tax-free for the girl child.
Any parent or guardian can open an account on behalf of a girl child until the child turns 10 years old.
Branches of banks, as well as the post office, may be used to open the account.
National Savings Certificate (NSC)
There is practically no risk associated with NSC investments.
These investments mature after five years.
NSCs are exempt from income tax only to the extent that their purchase does not exceed Rs 1.5 lakhs.
Make in India
The main reasons for corporations to manufacture goods overseas are low manufacturing costs and high taxes on imported raw materials.
Making products in India rather than overseas was the goal of Make in India, launched in 2014.
Various automotive manufacturers have set up manufacturing facilities.
All across the U.S. in response to the progress in this sector and Most Popular Indian
The Information Technology (IT) sector has grown rapidly as a result of Foreign Direct Investments (FDI).
In order to reduce our dependence on oil from the Gulf and South America, oil refineries have been built.
Prime Minister Vaya Vandana Yojana (PMVVY)
Senior citizens are the intended target audience for this scheme.
As per the frequency requested, the pension is paid after each period after the policy term of 10 years has expired.
In the third policy year, the loan amount can reach 75 percent of the purchase price.
Pradhan Mantri Jeevan Jyoti Bima
Term life insurance is designed to provide a life cover for your loved ones in the event of your death.
If you suddenly die, it provides a death benefit of Rs 2 lakh to the beneficiary.
It provides cover for any cause of death.
Most Popular Indian government investment scheme
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