SIP scheme, ‘JanNivesh’ – “Jan Jan Ka Nivesh” is a new investment plan designed to cater to first-time investors, small savers, and people from rural, semi-urban, and urban areas. SEBI Chief, Madhavi Puri Buch, launched the scheme and spoke at the event. CS Setty, the Chairman of SBI, also shared his thoughts, highlighting SBI’s goal to make investing easier for everyone and how the ‘JanNivesh’ SIP can help promote financial inclusion.
JanNivesh is a micro SIPs starting at just ₹250 per month. SBI will provide this service free of charge with no commissions. Investors can also pick daily or weekly SIP options. The facility will be available on the SBI YONO platform and other fintech platforms like Paytm, Groww and Zerodha. This ensures that all Indians have access to affordable and transparent financial services.
Madhavi Puri Buch, Chairperson of SEBI, praised the scheme as a “historic step”.
She highlighted the power of SBI’s network and trust with citizens across India. Buch emphasized that focusing on small investors would help India’s economic growth and promote financial inclusion and wealth creation. Buch expressed optimism, stating that in the future, SBI will be seen not just as the banker to every Indian, but also as the investment manager to every Indian.
C.S. Setty, Chairman of SBI said the scheme aims to promote financial inclusion and provide underserved communities with the tools to invest and save. Setty also spoke about SBI’s role in financial inclusion:
Pradhan Mantri Jan Dhan Yojana (PMJDY): Over 15 crore accounts were opened, many of them initially with a zero balance but are now fully funded.
Insurance coverage: SBI has expanded schemes like Jan Suraksha and Jeevan Jyoti Yojana, helping families during financial hardships, especially during the COVID-19 pandemic.
