Budget 2009: India writes to Finance Minister
New Investment Strategies - Schemes !
Topic owner: Prashanth Kumar: My idea is to allow new investment schemes to encourage people from education to health. Like, all marriage registrants should invest on a certificate which matures at 5 yrs (1-5k rs) when they are likely to have their first child. All new birth registrations should have a investment certificate at the govt/ pvt hospitals with a minimum of (1.5-3k rs) which will mature at child's school entry. All women in the rural & suburban areas should be allowed a P.O recurent savings scheme to invest their little savings every month at a better rate than national bank, this will help our rural women in literacy & finances. Govt/ pvt sector retirees should have a central- state scheme to allow some investment of their graduity amount aiming at buying housing or affordable health policy to cover diabetes, hypertension & related heart problems at their old age, which are common. And all these investments should be tax free & should earn reasonable interest on maturity with the principal growing atleast 3-3.5 times within 8 yrs. Indira vikas patra is still a popular savings scheme.
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