Marriage often sparks big financial plans – buying a home, starting a family, and setting aside money for the future. To help couples move confidently through these milestones, the Indian government offers
several programs that mix tax savings, interest subsidies, and long-term investment opportunities.
Here’s a guide that blends a quick read with practical detail so you can see how each scheme fits into your life.
- Pradhan Mantri Awas Yojana (PMAY): Your First Home Made Easier
Owning a home is a dream for many newlyweds, and PMAY makes it more affordable. Imagine lowering your home-loan cost by a few lakhs right at the start of your marriage.
- Home-loan interest subsidy of up to Rs2.67 lakh for first-time buyers.
- Families with a combined annual income of less than Rs18 lakh can apply.
- Applications can be made through banks or at pmaymis.gov.in.
This support means smaller EMIs and faster stability for couples eager to build their nest.
- Sukanya Samriddhi Yojana (SSY): Investing in a Daughter’s Future
For couples planning children, especially those hoping to secure their daughter’s education and wedding costs – SSY is a disciplined, high-return savings plan.
- Interest rate of about 8.2%, higher than most bank deposits.
- Annual deposits can range from Rs250 to Rs1.5 lakh.
- Open the account at a post office or authorized bank with the child’s birth certificate and parents’ IDs.
SSY not only protects a girl child’s future but also offers valuable tax benefits under Section 80C.
- Prasooti Neravu Yojana: Financial Help During Pregnancy
Pregnancy brings joy and expenses. This scheme provides a safety net for expectant mothers from low-income families.
- Assistance ranges from Rs700 to Rs1,400.
- Open to women holding BPL ration cards or belonging to SC/ST communities.
- Registration is simple through a government hospital or an ASHA worker.
This program ensures that essential health needs are met when family income is tight.
- Maternity and Paternity Leave: Paid Time with Your Newborn
The early days with a baby are priceless, and the government has ensured some breathing room for working parents.
- Women can take up to 26 weeks of paid maternity leave in the organized sector.
- Men in many private firms and central government jobs can avail about 15 days of paternity leave.
- Apply through your employer with a medical certificate and leave request.
These benefits allow parents to focus on bonding and recovery without worrying about lost wages.
- National Pension System (NPS): Building a Retirement Corpus
Retirement may feel far away, but early planning pays off. NPS is designed for couples who want steady income later in life.
- Tax deduction of up to Rs50,000 under Section 80CCD(1B), in addition to the Rs1.5 lakh limit of Section 80C.
- Market-linked returns averaging around 8% over time.
- Accounts can be opened online at enps.nsdl.com or through a bank.
Regular contributions now mean financial comfort when you eventually stop working.
Planning Your Financial Journey Together
These schemes create a roadmap from newlywed dreams to long-term security.
- Start with PMAY to own a home with lower EMIs.
- Use SSY to invest in a child’s education and marriage needs.
- Lean on maternity and paternity benefits when your family grows.
- Keep NPS in mind so retirement is worry-free.
By blending careful planning with these government programs, married couples can protect their finances at every stage, turning early dreams into lasting stability and independence.
