In the budget presented by the central government on February 1, it also announced an investment scheme for the benefit of women. Let’s know the complete details about this scheme.
Saving is a must along with earning. In case of emergency, our work will save. People have realized the importance of saving during Corona. Not only men but also women should invest some amount of their earned money. It will help in future. This money will come in handy during retirement. Many financial institutions including the government and banks have implemented many schemes related to savings. In the budget presented by the central government on February 1, it also announced an investment scheme for the benefit of women. Let’s know the complete details about this scheme.
Mahila Samman Savings Paper Scheme: This time the government has brought Mahila Samman Bachat Patra scheme for economic empowerment of women. Women can save under this scheme along with bank and post office savings accounts. Under this scheme women can save money in their name or their daughter’s name and get good interest. You can deposit up to 2 lakh rupees in this investment scheme for 2 years. After that you will get interest money at the rate of 7.5%.
You can avail this scheme till March 2025. Women of any age can invest in this scheme. Women get partial withdrawal facility in this scheme. You can withdraw some money before the period ends. After maturity you will get good interest on the invested money. The government has not yet clarified how much to invest in the project. It is said that you can start investing from a minimum of one thousand rupees. Meanwhile, women will get back the investment money soon. Also, there is no fluctuation in interest rate on quarterly basis. The interest rate for two years is only 7.5 percent.
Investment in NBFCs: NBFCs are non-banking financial companies. You may not get any special benefit from saving in banks, but if you invest money in non-banking financial companies, you will get more benefits. It is not as safe as a government bank. But you should check and invest the money in a legitimate company that is making good profit. You can get good returns by investing in some safe companies like Bajaj Finance Limited, Muthoot Finance Limited, Aditya Birla Finance Limited, IFCI Limited.
Investment in PPF Account : Also women can invest money in PPF account. You can invest a small amount here. Money invested here is safe. Women get good interest on this account. This is a plan that invests less money and earns more interest.