Government savings and investment schemes in India
Government-backed schemes such as the Public Provident Fund, Sukanya Samriddhi Yojana, the National Pension System and Atal Pension Yojana offer long-term saving with sovereign or regulated backing, and several carry tax benefits under Indian income tax rules.
Each scheme has its own eligibility, contribution limits, lock-in period and rate-setting method. Small savings rates, for example, are reviewed by the government each quarter. This page lists the main schemes with their key terms so you can see which ones fit your goal, whether that is retirement, a child's education or tax saving.
Schemes are operated through banks and post offices, so you apply there rather than on this site.
Government Schemes listed on Truely Money
Atal Pension Yojana (APY) (Ministry of Finance): max Age: 40 · min Age: 18 · claim Period: After age 60. A guaranteed pension scheme for unorganized sector workers, providing fixed monthly pension after 60 years of age.
Ayushman Bharat Digital Mission (ABDM) (Ministry of Health & Family Welfare): min Age: 0 · claim Period: NA · eligibility: Any Indian Citizen. Aims to develop the backbone necessary to support the integrated digital health infrastructure of India.
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY) (Ministry of Health & Family Welfare): min Age: 0 · claim Period: Per hospitalization · eligibility: SECC database identified poor families. World's largest health insurance scheme providing free secondary and tertiary care hospitalization to poor households.
Common Service Centres (CSC 2.0) (Ministry of Electronics and Information Technology): min Age: 18 · claim Period: Ongoing business operation · eligibility: Local youths meeting minimum infrastructure and educational criteria to operate as Village Level Entrepreneurs (VLEs). Digital access points providing e-governance, utility, financial, and educational services to citizens in rural and remote areas via Village Level Entrepreneurs
DigiLocker (Ministry of Electronics and Information Technology): claim Period: Lifetime access · eligibility: Any Indian citizen with a valid Aadhaar number · processing Days: 1. Flagship digital initiative providing citizens with a secure cloud-based platform for storage, sharing, and verification of documents and certificates.
Jal Jeevan Mission (JJM) (Ministry of Jal Shakti): min Age: 18 · claim Period: NA · eligibility: All rural households. Envisions to provide safe and adequate drinking water through individual household tap connections to all rural households.
Khelo India Scheme (Ministry of Youth Affairs and Sports): max Age: 18 · min Age: 10 · claim Period: Annual scholarship up to 8 years. National program designed to revive sports culture in India at the grassroots level and support talented young athletes with financial scholarship and infrastru
Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) (Ministry of Rural Development): min Age: 18 · claim Period: Per 100 days/year · eligibility: Adult members of rural households. Provides a legal guarantee for 100 days of employment in every financial year to adult members of any rural household willing to do public work-related unskille
Mahila Samman Savings Certificate (Ministry of Finance): min Age: 0 · claim Period: 2 years · eligibility: Women and girls of all ages. A one-time small saving scheme exclusively for women and girls offering attractive interest rates.
Mission Indradhanush (Ministry of Health & Family Welfare): max Age: 2 · min Age: 0 · claim Period: NA. Aims to immunize all children under 2 years of age, and pregnant women, against vaccine-preventable diseases.
PM Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN) (Ministry of Tribal Affairs): claim Period: Project milestone basis · eligibility: Particularly Vulnerable Tribal Group (PVTG) households across India · processing Days: 30. Comprehensive intervention scheme aimed at saturating Particularly Vulnerable Tribal Group (PVTG) households and habitations with critical infrastructure includ
PM Jeevan Jyoti Bima Yojana (PMJJBY) (Ministry of Finance): max Age: 50 · min Age: 18 · claim Period: Upon death. A one-year life insurance scheme renewable from year to year offering coverage for death due to any reason.
PM Kaushal Vikas Yojana (PMKVY) (Ministry of Skill Development): max Age: 45 · min Age: 15 · claim Period: Course duration. Enables Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood.
PM Kisan Samman Nidhi (PM-KISAN) (Ministry of Agriculture & Farmers Welfare): min Age: 18 · claim Period: Annual · eligibility: All landholding farmer families. Direct income support to all landholding farmer families to supplement their financial needs.
PM KUSUM Yojana (Ministry of New and Renewable Energy): min Age: 18 · claim Period: Setup time · eligibility: Farmers, Panchayats, Farmer Producer Organizations. Aims to provide energy security to farmers by subsidizing the installation of solar pumps and grid-connected solar power plants.
PM POSHAN Scheme (Ministry of Education): max Age: 14 · min Age: 5 · claim Period: Daily. Provides one hot cooked meal in government and government-aided schools.
PM Suraksha Bima Yojana (PMSBY) (Ministry of Finance): max Age: 70 · min Age: 18 · claim Period: Upon accident. An accident insurance scheme offering accidental death and disability cover.
PM Surya Ghar Muft Bijli Yojana (Ministry of New and Renewable Energy): min Age: 18 · claim Period: Post installation · eligibility: Any Indian household with suitable roof and grid connection. Aims to provide free electricity up to 300 units per month to 1 crore households through rooftop solar setups.
PM SVANidhi (Ministry of Housing and Urban Affairs): min Age: 18 · claim Period: NA · eligibility: Urban street vendors. Provides affordable working capital loans to street vendors to resume their livelihoods.
PM Ujjwala Yojana (PMUY) (Ministry of Petroleum and Natural Gas): min Age: 18 · claim Period: One-time connection · eligibility: Adult women of poor households. Provides deposit-free LPG connections to women from below poverty line households.
PM Vishwakarma Yojana (Ministry of MSME): min Age: 18 · claim Period: Phased loans · eligibility: Artisans engaged in 18 specified traditional trades. Provides end-to-end support to artisans and craftspeople working with their hands and tools.
PM-eBus Sewa Scheme (Ministry of Housing and Urban Affairs): claim Period: 10-year operational period · eligibility: State Transport Undertakings and Urban Local Bodies in eligible cities · processing Days: 60. Urban transportation initiative to deploy 10,000 electric buses on a PPP model across tier-2 and tier-3 cities, along with green urban transit infrastructure.
Pradhan Mantri Awas Yojana - Gramin (PMAY-G) (Ministry of Rural Development): min Age: 18 · claim Period: Phased construction · eligibility: Houseless rural families identified via SECC 2011. Aims to provide a pucca house with basic amenities to all rural houseless households and those living in dilapidated houses.
Pradhan Mantri Awas Yojana - Urban (PMAY-U) (Ministry of Housing and Urban Affairs): max Age: 70 · min Age: 18 · claim Period: During construction/loan. Aims to provide affordable housing (pucca house) to all eligible urban households including slum dwellers.
Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) (Ministry of Chemicals and Fertilizers): min Age: 0 · claim Period: NA · eligibility: All Citizens. Provides quality generic medicines at affordable prices to all citizens through dedicated outlets.
Pradhan Mantri Fasal Bima Yojana (PMFBY) (Ministry of Agriculture & Farmers Welfare): min Age: 18 · claim Period: Per season · eligibility: All farmers growing notified crops. Comprehensive crop insurance scheme providing financial support to farmers suffering crop loss/damage.
Pradhan Mantri Jan Dhan Yojana (PMJDY) (Ministry of Finance): max Age: 65 · min Age: 10 · claim Period: NA. National mission for financial inclusion to ensure access to basic savings, deposit accounts, remittance, and credit.
Pradhan Mantri Matru Vandana Yojana (PMMVY) (Ministry of Women and Child Development): min Age: 19 · claim Period: During pregnancy/lactation · eligibility: Pregnant women & lactating mothers for first living child. A maternity benefit program providing cash incentives for pregnant women and lactating mothers.
Pradhan Mantri MUDRA Yojana (PMMY) (Ministry of Finance): max Age: 65 · min Age: 18 · claim Period: NA. Provides loans up to Rs. 10 Lakhs to non-corporate, non-farm small/micro enterprises.
Prime Ministers Employment Generation Programme (PMEGP) (Ministry of MSME): min Age: 18 · claim Period: NA · eligibility: Individuals passed VIII standard for large projects. Credit-linked subsidy program aimed at generating self-employment opportunities through micro-enterprises.
Production Linked Incentive (PLI) Scheme (Department for Promotion of Industry and Internal Trade): claim Period: Annual disbursement post audit · eligibility: Registered manufacturing companies meeting specific net-worth and incremental investment thresholds · processing Days: 90. Major industrial stimulus initiative providing direct financial incentives on incremental sales to boost domestic manufacturing, attract investments, and reduce
Public Provident Fund (PPF) (Ministry of Finance): min Age: 0 · claim Period: 15 Years · eligibility: Indian Citizens. Long-term savings and investment scheme with tax benefits for retirement planning.
Remission of Duties and Taxes on Exported Products (RoDTEP) (Department of Commerce): claim Period: Per shipping bill filing · eligibility: Active Indian exporters exporting eligible manufactured goods · processing Days: 15. Export promotion incentive scheme that refunds embedded central, state, and local taxes paid on inputs used during the production of exported goods.
Senior Citizen Savings Scheme (SCSS) (Ministry of Finance): min Age: 60 · claim Period: Quarterly · eligibility: Individuals above 60 years. A safe investment avenue designed specifically for senior citizens offering regular income.
Startup India Seed Fund Scheme (Ministry of Commerce and Industry): min Age: 18 · claim Period: Tranche based · eligibility: DPIIT Recognized Startups. Provides financial assistance to startups for proof of concept, prototype development, and commercialization.
Sukanya Samriddhi Yojana (SSY) (Ministry of Finance): max Age: 10 · min Age: 0 · claim Period: 21 years or marriage. A small savings scheme designed specifically for the financial well-being of the girl child.
Swachh Bharat Mission - Gramin (SBM-G) (Ministry of Jal Shakti): min Age: 18 · claim Period: Post-construction verification · eligibility: BPL households and identified APL households without toilets. Focuses on sustaining Open Defecation Free (ODF) status and managing solid and liquid waste in rural areas.
UMANG (Unified Mobile Application for New-age Governance) (Ministry of Electronics and Information Technology): claim Period: Immediate access · eligibility: All Indian citizens with a smartphone or internet access · processing Days: 1. Unified mobile application offering access to over a thousand pan-India e-Government services from central, state, and local bodies on a single platform.
Accessible India Campaign (Sugamya Bharat Abhiyan) (Department of Empowerment of Persons with Disabilities): claim Period: Project lifecycle · eligibility: State Governments and public entities undertaking infrastructure retrofitting · processing Days: 90. Nationwide flagship campaign for achieving universal accessibility for Persons with Disabilities (PwDs) across built environments, transport systems, and digita
Adopt a Heritage 2.0 (Smarak Saarathi) (Archaeological Survey of India / Ministry of Culture): claim Period: MoU validity of 5 years · eligibility: Corporate entities, PSUs, NGOs, or trusts willing to utilize CSR funds for heritage upkeep · processing Days: 60. Corporate partnership scheme inviting public/private sector companies and individuals to develop, upgrade, and maintain tourist amenities at heritage sites via
Truely Money is an independent sole proprietorship registered under Udyam (MSME), Udyam Registration No. UDYAM-MP-16-0077048. Questions, corrections or feedback: support@truelymoney.com.
Government savings and investment schemes in India
Government-backed schemes such as the Public Provident Fund, Sukanya Samriddhi Yojana, the National Pension System and Atal Pension Yojana offer long-term saving with sovereign or regulated backing, and several carry tax benefits under Indian income tax rules.
Each scheme has its own eligibility, contribution limits, lock-in period and rate-setting method. Small savings rates, for example, are reviewed by the government each quarter. This page lists the main schemes with their key terms so you can see which ones fit your goal, whether that is retirement, a child's education or tax saving.
Schemes are operated through banks and post offices, so you apply there rather than on this site.
Government Schemes listed on Truely Money
Atal Pension Yojana (APY) (Ministry of Finance): max Age: 40 · min Age: 18 · claim Period: After age 60. A guaranteed pension scheme for unorganized sector workers, providing fixed monthly pension after 60 years of age.
Ayushman Bharat Digital Mission (ABDM) (Ministry of Health & Family Welfare): min Age: 0 · claim Period: NA · eligibility: Any Indian Citizen. Aims to develop the backbone necessary to support the integrated digital health infrastructure of India.
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY) (Ministry of Health & Family Welfare): min Age: 0 · claim Period: Per hospitalization · eligibility: SECC database identified poor families. World's largest health insurance scheme providing free secondary and tertiary care hospitalization to poor households.
Common Service Centres (CSC 2.0) (Ministry of Electronics and Information Technology): min Age: 18 · claim Period: Ongoing business operation · eligibility: Local youths meeting minimum infrastructure and educational criteria to operate as Village Level Entrepreneurs (VLEs). Digital access points providing e-governance, utility, financial, and educational services to citizens in rural and remote areas via Village Level Entrepreneurs
DigiLocker (Ministry of Electronics and Information Technology): claim Period: Lifetime access · eligibility: Any Indian citizen with a valid Aadhaar number · processing Days: 1. Flagship digital initiative providing citizens with a secure cloud-based platform for storage, sharing, and verification of documents and certificates.
Jal Jeevan Mission (JJM) (Ministry of Jal Shakti): min Age: 18 · claim Period: NA · eligibility: All rural households. Envisions to provide safe and adequate drinking water through individual household tap connections to all rural households.
Khelo India Scheme (Ministry of Youth Affairs and Sports): max Age: 18 · min Age: 10 · claim Period: Annual scholarship up to 8 years. National program designed to revive sports culture in India at the grassroots level and support talented young athletes with financial scholarship and infrastru
Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) (Ministry of Rural Development): min Age: 18 · claim Period: Per 100 days/year · eligibility: Adult members of rural households. Provides a legal guarantee for 100 days of employment in every financial year to adult members of any rural household willing to do public work-related unskille
Mahila Samman Savings Certificate (Ministry of Finance): min Age: 0 · claim Period: 2 years · eligibility: Women and girls of all ages. A one-time small saving scheme exclusively for women and girls offering attractive interest rates.
Mission Indradhanush (Ministry of Health & Family Welfare): max Age: 2 · min Age: 0 · claim Period: NA. Aims to immunize all children under 2 years of age, and pregnant women, against vaccine-preventable diseases.
PM Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN) (Ministry of Tribal Affairs): claim Period: Project milestone basis · eligibility: Particularly Vulnerable Tribal Group (PVTG) households across India · processing Days: 30. Comprehensive intervention scheme aimed at saturating Particularly Vulnerable Tribal Group (PVTG) households and habitations with critical infrastructure includ
PM Jeevan Jyoti Bima Yojana (PMJJBY) (Ministry of Finance): max Age: 50 · min Age: 18 · claim Period: Upon death. A one-year life insurance scheme renewable from year to year offering coverage for death due to any reason.
PM Kaushal Vikas Yojana (PMKVY) (Ministry of Skill Development): max Age: 45 · min Age: 15 · claim Period: Course duration. Enables Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood.
PM Kisan Samman Nidhi (PM-KISAN) (Ministry of Agriculture & Farmers Welfare): min Age: 18 · claim Period: Annual · eligibility: All landholding farmer families. Direct income support to all landholding farmer families to supplement their financial needs.
PM KUSUM Yojana (Ministry of New and Renewable Energy): min Age: 18 · claim Period: Setup time · eligibility: Farmers, Panchayats, Farmer Producer Organizations. Aims to provide energy security to farmers by subsidizing the installation of solar pumps and grid-connected solar power plants.
PM POSHAN Scheme (Ministry of Education): max Age: 14 · min Age: 5 · claim Period: Daily. Provides one hot cooked meal in government and government-aided schools.
PM Suraksha Bima Yojana (PMSBY) (Ministry of Finance): max Age: 70 · min Age: 18 · claim Period: Upon accident. An accident insurance scheme offering accidental death and disability cover.
PM Surya Ghar Muft Bijli Yojana (Ministry of New and Renewable Energy): min Age: 18 · claim Period: Post installation · eligibility: Any Indian household with suitable roof and grid connection. Aims to provide free electricity up to 300 units per month to 1 crore households through rooftop solar setups.
PM SVANidhi (Ministry of Housing and Urban Affairs): min Age: 18 · claim Period: NA · eligibility: Urban street vendors. Provides affordable working capital loans to street vendors to resume their livelihoods.
PM Ujjwala Yojana (PMUY) (Ministry of Petroleum and Natural Gas): min Age: 18 · claim Period: One-time connection · eligibility: Adult women of poor households. Provides deposit-free LPG connections to women from below poverty line households.
PM Vishwakarma Yojana (Ministry of MSME): min Age: 18 · claim Period: Phased loans · eligibility: Artisans engaged in 18 specified traditional trades. Provides end-to-end support to artisans and craftspeople working with their hands and tools.
PM-eBus Sewa Scheme (Ministry of Housing and Urban Affairs): claim Period: 10-year operational period · eligibility: State Transport Undertakings and Urban Local Bodies in eligible cities · processing Days: 60. Urban transportation initiative to deploy 10,000 electric buses on a PPP model across tier-2 and tier-3 cities, along with green urban transit infrastructure.
Pradhan Mantri Awas Yojana - Gramin (PMAY-G) (Ministry of Rural Development): min Age: 18 · claim Period: Phased construction · eligibility: Houseless rural families identified via SECC 2011. Aims to provide a pucca house with basic amenities to all rural houseless households and those living in dilapidated houses.
Pradhan Mantri Awas Yojana - Urban (PMAY-U) (Ministry of Housing and Urban Affairs): max Age: 70 · min Age: 18 · claim Period: During construction/loan. Aims to provide affordable housing (pucca house) to all eligible urban households including slum dwellers.
Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) (Ministry of Chemicals and Fertilizers): min Age: 0 · claim Period: NA · eligibility: All Citizens. Provides quality generic medicines at affordable prices to all citizens through dedicated outlets.
Pradhan Mantri Fasal Bima Yojana (PMFBY) (Ministry of Agriculture & Farmers Welfare): min Age: 18 · claim Period: Per season · eligibility: All farmers growing notified crops. Comprehensive crop insurance scheme providing financial support to farmers suffering crop loss/damage.
Pradhan Mantri Jan Dhan Yojana (PMJDY) (Ministry of Finance): max Age: 65 · min Age: 10 · claim Period: NA. National mission for financial inclusion to ensure access to basic savings, deposit accounts, remittance, and credit.
Pradhan Mantri Matru Vandana Yojana (PMMVY) (Ministry of Women and Child Development): min Age: 19 · claim Period: During pregnancy/lactation · eligibility: Pregnant women & lactating mothers for first living child. A maternity benefit program providing cash incentives for pregnant women and lactating mothers.
Pradhan Mantri MUDRA Yojana (PMMY) (Ministry of Finance): max Age: 65 · min Age: 18 · claim Period: NA. Provides loans up to Rs. 10 Lakhs to non-corporate, non-farm small/micro enterprises.
Prime Ministers Employment Generation Programme (PMEGP) (Ministry of MSME): min Age: 18 · claim Period: NA · eligibility: Individuals passed VIII standard for large projects. Credit-linked subsidy program aimed at generating self-employment opportunities through micro-enterprises.
Production Linked Incentive (PLI) Scheme (Department for Promotion of Industry and Internal Trade): claim Period: Annual disbursement post audit · eligibility: Registered manufacturing companies meeting specific net-worth and incremental investment thresholds · processing Days: 90. Major industrial stimulus initiative providing direct financial incentives on incremental sales to boost domestic manufacturing, attract investments, and reduce
Public Provident Fund (PPF) (Ministry of Finance): min Age: 0 · claim Period: 15 Years · eligibility: Indian Citizens. Long-term savings and investment scheme with tax benefits for retirement planning.
Remission of Duties and Taxes on Exported Products (RoDTEP) (Department of Commerce): claim Period: Per shipping bill filing · eligibility: Active Indian exporters exporting eligible manufactured goods · processing Days: 15. Export promotion incentive scheme that refunds embedded central, state, and local taxes paid on inputs used during the production of exported goods.
Senior Citizen Savings Scheme (SCSS) (Ministry of Finance): min Age: 60 · claim Period: Quarterly · eligibility: Individuals above 60 years. A safe investment avenue designed specifically for senior citizens offering regular income.
Startup India Seed Fund Scheme (Ministry of Commerce and Industry): min Age: 18 · claim Period: Tranche based · eligibility: DPIIT Recognized Startups. Provides financial assistance to startups for proof of concept, prototype development, and commercialization.
Sukanya Samriddhi Yojana (SSY) (Ministry of Finance): max Age: 10 · min Age: 0 · claim Period: 21 years or marriage. A small savings scheme designed specifically for the financial well-being of the girl child.
Swachh Bharat Mission - Gramin (SBM-G) (Ministry of Jal Shakti): min Age: 18 · claim Period: Post-construction verification · eligibility: BPL households and identified APL households without toilets. Focuses on sustaining Open Defecation Free (ODF) status and managing solid and liquid waste in rural areas.
UMANG (Unified Mobile Application for New-age Governance) (Ministry of Electronics and Information Technology): claim Period: Immediate access · eligibility: All Indian citizens with a smartphone or internet access · processing Days: 1. Unified mobile application offering access to over a thousand pan-India e-Government services from central, state, and local bodies on a single platform.
Accessible India Campaign (Sugamya Bharat Abhiyan) (Department of Empowerment of Persons with Disabilities): claim Period: Project lifecycle · eligibility: State Governments and public entities undertaking infrastructure retrofitting · processing Days: 90. Nationwide flagship campaign for achieving universal accessibility for Persons with Disabilities (PwDs) across built environments, transport systems, and digita
Adopt a Heritage 2.0 (Smarak Saarathi) (Archaeological Survey of India / Ministry of Culture): claim Period: MoU validity of 5 years · eligibility: Corporate entities, PSUs, NGOs, or trusts willing to utilize CSR funds for heritage upkeep · processing Days: 60. Corporate partnership scheme inviting public/private sector companies and individuals to develop, upgrade, and maintain tourist amenities at heritage sites via
Truely Money is an independent sole proprietorship registered under Udyam (MSME), Udyam Registration No. UDYAM-MP-16-0077048. Questions, corrections or feedback: support@truelymoney.com.