Schemes for Daughters – In today’s era, people invest in different schemes for saving. But you can start investing in some schemes after the birth of your daughter. Where you can not only create a good fund for your daughter’s future. But you can also save.
There is a lot of happiness when a daughter is born. But along with that, responsibilities regarding her future also increase. In such a situation, if you plan from the beginning, then you will not feel financial burden later on. The government has launched many schemes for this.
By investing in these schemes, you can arrange expenses in advance for big occasions like your daughter’s education, health and marriage. Not only this, you can save annually through investment. So that you do not have to face loan or financial crisis in future.
Sukanya Samriddhi Yojana
For this, Sukanya Samriddhi Yojana can prove to be a very good option. In this, an account is opened in the name of the daughter and investment has to be made for 15 years. In this, you get a higher interest rate than PPF and get tax free returns on maturity.
Ladli Laxmi Yojana
Apart from this, state-level schemes like Mukhyamantri Ladli Laxmi Yojana of MP government also provide a lot of help to daughters. The government gives this amount in different phases from birth to 18 years of age. This helps in the expenses of education.
PPF
So, keeping in mind your daughter’s future, you can also invest in PPF i.e. Public Provident Fund. You can use it for investment in the name of your daughter. In which you get tax exemption on annual investment and the interest rate is also good.
Let us tell you that to avail the benefits of all these schemes, you must have the necessary documents. These can include documents like daughter’s birth certificate, Aadhaar card and PAN card. So if you are a parent or guardian, you may also need your documents.