AI SummaryCentral government of India led by PM Narendra Modi has launched a number of social security schemes over the years. These schemes help citizens build financial stability and secure their future. Here is a list of 8 important Indian government social security schemes, including the latest pension schemes, in which people can invest.
All of these social security schemes hold big value for the general public. They not only make sure of a comfortable future but also give a sense of security. The schemes in this list are those which were either launched during PM Modi's tenure or are presently running and giving benefits.
The complete list of such social security schemes to invest in, launched by PM Narendra Modi government, is shown below.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is a small scale savings scheme launched by PM Narendra Modi to support a daughter's education and marriage. This scheme is a part of the government's Beti Bachao and Beti Padhao mission and reinforces the idea of saving for every girl child. It is one of the major social security schemes for investment by parents who have a daughter.
Key points:
For whom (Beneficiaries) - SSY is suitable for every parent who has a girl child, without any discrimination on the basis of caste, color or religion.
Eligibility Criteria - Sukanya Samriddhi Yojana account is suitable for a daughter up to 10 years of age.
Costs Involved - Minimum Rs. 250 and maximum Rs. 1,50,000 in a financial year. Deposits are made in multiples of Rs. 50. People can make deposits in lump-sum and there is no limit on the number of deposits either in a month or in a financial year.
Benefits - This social security scheme gives an annual return of 8.2% for the July-September 2026 quarter.
Pradhan Mantri Jan Dhan Yojana (PMJDY)
PM Jan Dhan Yojana is a national mission for financial inclusion of poor people into the mainstream. PMJDY is suitable for the economically weaker sections of the society who do not have bank accounts. This sarkari yojana offers basic financial services like a savings account, deposit account, insurance, pension, remittances and credit. It is one of the major social security schemes to benefit poor people.
As of February 2026, over 57.78 crore Jan Dhan accounts have been opened under PMJDY with deposits of about Rs. 2.94 lakh crore. Around 56% of these accounts are held by women, which shows the scheme's reach among poor families.
Key points
For whom (Beneficiaries) - All individuals who do not have access to basic financial services. This PMJDY social security scheme is suitable for people working in the unorganised sector.
Eligibility Criteria - Any person belonging to the weaker section of the society.
Costs involved - No minimum and maximum contribution for this scheme.
Benefits - Facility of zero balance savings account, debit card, interest on debit, overdraft facility, accidental cover of Rs. 1 lakh and life cover of Rs. 30,000.
Public Provident Fund (PPF)
Public Provident Fund (PPF) is a savings cum tax saving long term investment option. This social security scheme aims to help self employed people make savings for their retirement. People get tax benefit under 80C of the Income Tax Act and get tax free return on maturity. People can also open a PPF account for their wife and children. It is one of the major social security schemes to benefit employed people.
Key points
For whom (Beneficiaries) - PPF social security scheme is suitable for salaried class people and small business owners.
Eligibility - Any adult can open the account on his or her own name or on behalf of a minor.
Costs involved - Minimum contribution is Rs. 500 per annum and maximum limit is Rs. 1,50,000.
Benefits - Tax-free interest on maturity and an annual return of 7.1%.
National Savings Certificate (NSC)
National Savings Certificate is a small scale saving and tax savings investment in India. NSC is a government savings bond issued for a duration of 5 and 10 years and is popular among rural people. People can buy this bond from any post office in India and can keep it as a collateral security to get loans from banks.
Key points
For whom - Most suitable for government employees, businessmen and other salaried classes who are income tax assesses.
Eligibility - A single holder type certificate can be bought by an adult for himself or on behalf of a minor, or by a minor.
Costs involved - Minimum investment is Rs. 1000 and in multiples of Rs. 100, with no maximum limit. Investment up to Rs. 1 lakh qualifies for income tax rebate under section 80C.
Benefits - Gives an annualized return of 7.7% for the July-September 2026 quarter and qualifies for income tax rebate under 80C.
Atal Pension Yojana
Atal Pension Yojana (previously Swavalamban Yojana) is a government backed pension scheme which gives a fixed pension depending on the contribution and its period. This scheme is targeted towards the unorganised sector and gives pension benefits with a minimum contribution per month. Under APY, subscribers get a fixed minimum pension of Rs. 1000, Rs. 2,000, Rs. 3,000, Rs. 4,000 or Rs. 5,000 per month at the age of 60 years, which depends on their contributions.
As of April 2026, Atal Pension Yojana has crossed 9 crore total enrollments. From 1 October 2022, people who are income tax payers are not eligible to join APY. Also, from 1 October 2025, new subscribers can register only on the revised APY form which includes a FATCA/CRS declaration.
Key points
For whom (Beneficiaries) - The beneficiaries of APY are primarily those who belong to the lower income group like maids, drivers or security guards and are not part of the income tax bracket.
Eligibility - Most suitable for all individuals in the age group of 18 to 40 years who have a bank account and are not income tax payers.
Costs involved - To get a monthly pension of Rs. 1000, an individual of 18 years of age will have to make a contribution of Rs. 42 per month for 42 years, while any 40 year old person will have to contribute Rs. 291 per month for 20 years.
Benefits - Government gives a fixed monthly pension between Rs. 1000 to Rs. 5000 on attaining the retirement age.
Pradhan Mantri Jeevan Jyoti Bima Yojana
PM Jeevan Jyoti Bima Yojana is a life insurance scheme backed by the government of India. PMJJBY aims to increase the number of insured people in India which is currently very low. It is one of the major social security schemes which benefits people by giving life insurance cover.
As of February 2026, over 26.88 crore cumulative enrollments have been done under PMJJBY. The annual premium is now Rs. 436 per year, which gives a life cover of Rs. 2 lakh for death due to any reason.
Key points
For whom (Beneficiaries) - All individuals who are the sole earning member of the family and have dependents under them.
Eligibility - Any person who has a bank account and falls under the age group between 18 to 50 years can avail the PMJJBY scheme.
Cost involved - The premium for PM Jeevan Jyoti Bima Yojana is Rs. 436 every year.
Benefits - There is a term insurance cover of Rs. 2 lakh to the dependents in case of death of the policy holder.
Pradhan Mantri Vaya Vandana Yojana
PM Vaya Vandana Yojana (PMVVY) was a pension scheme for senior citizens run by Life Insurance Corporation (LIC) of India. It gave a guaranteed pension of 7.4% per annum for 10 years to people above the age of 60 years.
PMVVY is now closed for new subscriptions since 31 March 2023. Existing policy holders continue to get their pension at the locked-in rate of 7.4% for the full 10 year tenure through any LIC branch.
Key Points
For Whom (Beneficiaries) - All individuals who attain the age of 60 years get a pension amount at the end of each time period.
Eligibility - The minimum age of entry is 60 years while there is no maximum limit for age.
Cost involved - Pensioner can choose either the amount of pension or the purchase price. Minimum pension under the scheme is Rs. 1000 and maximum pension amount is Rs. 5000 per month.
Benefits - The modes of pension payment are monthly, quarterly, half-yearly and yearly. All senior citizens get payment through NEFT or Aadhaar Enabled Payment System.
Pradhan Mantri Shram Yogi Maan-dhan Yojana
PM Shram Yogi Maan-dhan Yojana is meant for old age protection and social security of unorganised workers. On attaining the age of 60 years, the government gives Rs. 3,000 as monthly pension to enrolled workers in the unorganised sector. Around 42 crore unorganised sector workers in the country can get benefit from it. It is one of the major social security schemes to benefit labourers in the unorganised sector.
Key Points
For whom (Beneficiaries) - Mostly those people who are engaged as rickshaw pullers, street vendors, mid-day meal workers, head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washer men, home-based workers, own account workers, agricultural workers, construction workers, beedi workers, handloom workers, leather workers, audio-visual workers or in similar other occupations can avail PM-SYM scheme benefits.
Eligibility - All unorganised sector workers in the age group of 18 to 40 years with monthly income less than Rs. 15,000 are eligible.
Cost involved - Pensioner can choose either the amount of pension or the purchase price. Minimum pension under this social security scheme is Rs. 1000 and maximum pension amount is Rs. 5000 per month.
Benefits - PM-SYM is a voluntary and contributory pension scheme where the subscriber gets a minimum assured pension of Rs. 3000 per month on attaining the age of 60 years. In case the subscriber dies, the spouse gets 50% of the pension as family pension, and this family pension is applicable only to the spouse.
| Detail | Information |
|---|---|
| Scheme Name | Social security schemes to invest |
| Launched By | PM Narendra Modi government |
| Beneficiaries | Citizens, girl children, senior citizens, unorganised workers |
| Benefit Amount | Pension up to Rs. 5,000 per month, interest up to 8.2% |
| Application Mode | Online and offline |
| Official Website | niti.gov.in |
Read the complete list of social security schemes to invest in India before making any investment. This information is now made available to the citizens by Niti Aayog at https://niti.gov.in/
Sir madam.. Still Iam not apply this scchem so kindly add my name in this pmjay scheme