India's Top 3 Government Investment Schemes

The investment scheme plans launched by the Indian Government are risk-free, thereby helping to ensure peace of mind. They are available through banks, post offices, and other financial institutions that cater to the requirements of investors. Some of them even provide tax benefits which will help save more money. It is wise for investors to evaluate schemes properly to gain more ideas in advance. Not only that, they even show methods to explore the options available in the markets with ease.

List of Best Government Investment Schemes in India 

Here's a list of the best government schemes in India: 

1. Sukanya Samriddhi Yojana (SSY)

Sukanya Samriddhi Yojana, shortly known as SSY, is one of the best investment plans for parents of a girl child in India. Launched in 2015, the scheme aims at uplifting the life of a girl child that will help gain more advantages. The minimum amount to invest for this scheme is Rs. 1000, and the maximum amount is Rs. 1.5 lakhs per annum. It has been active for 21 years, and parents can open an account in a girl’s name until she attains 10 years. 

2. National Pension Scheme (NPS)

A national pension scheme is open to all government employees in India. The scheme is one of the top investment plans available for living independently after retirement. Investors can even allocate the funds in equities and government securities based on their choices. In addition, investments made up to Rs. 50,000 are eligible for tax deductions under the income tax act. 

3. Prime Minister Vaya Vandana Yojana (PMVVY)

Prime minister Vaya Vandana Yojana, shortly known as PMVVY, is a retirement cum pension plan for senior citizens above 60 years. The scheme provides a regular fixed sum with an interest rate of 8% to 8.3% for 10 years. It offers a monthly pension of Rs. 1000 after purchasing a price of Rs. 1.5 lakhs. Furthermore, the plan provides a monthly pension of Rs. 10,000 after buying a maximum price of Rs. 15 lakhs. The scheme offers a loan of up to 75% of the purchase price. Investors can appoint nominees for this scheme within the policy terms when they pass away. 

Conclusion

Short-term or long-term Investment plans allow people to generate high returns that will help improve their financial positions significantly. However, it is wise to choose them carefully to avoid huge losses and other problems. When choosing a scheme, investors should know the risks in detail to maximize the returns.

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