Last Updated on 20/08/2024 by wccexam Desk
I am not able to save money, then how can I invest it, I do not have any separate income which I can save for the future. Most of the middle class and low income people have this complaint. Because in reality their income is so low that they cannot save much even if they want to.
But today there is an option through which you can make a lot of money by saving small amounts in a few years. This amount will not go out of your pocket. That is, this amount will not be a part of your income. You must be wondering where will the free money come from, by saving which you can become rich.
Let us explain the whole matter to you, if you invest only Rs 1000 every month in SIP in Mutual Fund, then in 10 years, at the rate of 12 percent return, you will get a total of Rs 2,32,339, while at the rate of 15% return, you will get Rs 2,78,657. If you get 18 percent return annually, then you will get Rs 3.36 lakh.
If you continue investing for 20 years, then at an annual return of 12%, you will get a total of Rs 10 lakh, while at a return of 15%, you will get a total of Rs 15.15 lakh. At a return of 18%, you will get a total of Rs 23 lakh. That is, by saving only Rs 1000 monthly, you can deposit Rs 23 lakh in 20 years.
Now the question arises that where will the money come from to deposit Rs 1000 every month? This money will be absolutely free, it will not be your hard earned money. Actually, today many state governments are running schemes across the country, especially for women, there are such schemes in many states, where they get Rs 1000 to Rs 1500 every month, this money is deposited directly in their bank accounts by the government, so that the beneficiary gets direct benefit from it.
The most talked about scheme in the country is the Madhya Pradesh government’s Ladli Behna Yojana. Under this scheme, Rs. 1000 was sent to the accounts of all Ladli Behnas every month, which has now been increased to Rs. 1250. A similar scheme is going to start in Rajasthan. This means that gradually, some scheme or the other is going on for women in almost all the states of the country, or is going to start.
In Maharashtra, women are being given Rs 1500 every month under the Chief Minister Ladli Behna Yojana. At present, this scheme in the state is till March 2025, but it is being said that a provision will be made in the budget every year to continue it further.
In this regard, last month, the Jharkhand government has announced financial assistance of Rs. 1000 per month to women aged between 21 to 50 years from all categories under the CM Behan-Beti (Mai-Kui) Swavalamban Protsahan Yojana. Apart from this, the Aam Aadmi Party (AAP) government in Delhi has announced that Rs. 1000 will be given every month to the girls and women of Delhi under the Chief Minister Mahila Samman Yojana.
Apart from this, the central government deposits Rs 6000 annually in the bank accounts of farmers across the country as Kisan Samman Nidhi. In this way, different cash schemes of the center and the state are running in the country. This amount is given to women as an incentive. If women want, they can invest this money directly from their account in mutual funds. By saving this money, they can raise a large fund in a few years, with which they can set up their own business, apart from this they can invest it in other works.
Let us tell you that the family cannot claim the amount received from the government because it is not a part of anyone’s income. Therefore, if you want, you can raise up to Rs 23 lakh in 20 years by doing a monthly SIP of only Rs 1000 from the amount received from government schemes. In a way, the public is getting this amount for free from the government.
Source (PTI) (NDTV) (HINDUSTANTIMES)