Here are 5 government-backed schemes that require less investment and promise good returns

Selecting a saving and investment plan is quite challenging and everyone wants to pick up a scheme with lucrative interest rates, maximum benefits and minimum investment.

People, especially in the middle-class segment, look for schemes that save taxes and also give them returns in their sunshine years. They also look for schemes that do not pinch their monthly budget and can their financial goals through savings.

There are numerous private schemes available in the market but even the Indian government has rolled out few schemes that are still a hit among people who want to save and get maximum interest.

Government introduced these schemes to give financial stability to the citizens and also enable to plan better for the future. These schemes can be availed right from your first job.

Here are 5 schemes that you can pick from if you want good returns