Investment is the art of making your money work hard to earn more money for you. The Indian government has also introduced a slew of plans to encourage people to invest and not merely leave their money sit idle in bank accounts. Let’s look at seven government schemes you can invest in: 1. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) This is an ideal life insurance scheme for those seeking an affordable life coverage. By paying a premium of Rs 330 every year, you get a life cover of Rs. 2 lakh. Thus, in case of policyholder’s death, the nominee is entitled to get the insurance amount. You can avail this scheme if you are in the age group of 18 to 50 years. Under PMJJBY, your life will be covered until the age of 55. All you need is a savings bank account with an auto-debit facility. 2. National Pension Scheme (NPS) Once available to government employees only, this pension scheme is now open to all. You can plan your retirement by investing annually or