The Central Government of India introduced three Social Security Schemes in the Insurance and Pension Sectors. These schemes are namely the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and the Atal Pension Yojana (APY)....

What is Pradhan Mantri Adarsh Gram Yojana (PMAGY)? Following the Finance Minister's announcement in his Budget Speech on 6.7.2009, a new scheme dubbed the Pradhan Mantri Adarsh Gram Yojana (PMAGY) was launched on a pilot basis during 2009-10 to enable...

A Public Provident Fund is a long-term savings scheme. Central Government offers this scheme to help Indian residents to invest and build a corpus. It is one of the ideal investment options for several investors for tax-saving purposes. The article...

Post Office Tax Saving Schemes are good investment options that offer guaranteed income. Moreover, investments in these schemes qualify for tax exemption under Section 80C of the Income Tax Act, 1961. Since the Government of India backs the schemes, the...

How does a Ponzi scheme make money? A Ponzi scheme is an investment scam where the returns for earlier investors are paid from the money collected from later investors. The investors of such schemes are promised high returns with little...

As we know death due to accidents is very common and at a high rate in India. A death or a disability due to an accident leaves the family of the victim in an unstable situation. On one hand, the...

The progress of a nation depends on the welfare of its people. The government of India accordingly launched several healthcare schemes time and again. However, the aim to strengthen the healthcare framework of the country was not achieved. Similarly, Ayushman...

The National Pension Scheme (NPS) is a retirement scheme.  Under this scheme, the subscriber shall make regular investments in the scheme.  The funds are invested in market-linked instruments.  Thus, NPS offers higher returns than other pension schemes.  60% of the...