There is life beyond Prison

Prisoners are human beings too. They have families, children, relatives, and elderly parents. Like everyone else, they experience various events in life such as celebrations, children's education, and medical emergencies. After spending three years in prison with discipline, a prisoner gets parole to meet their family. This is a time when they need money. After all, everyone needs money for their daily expenses. So, the point is that prisoners also need to save.

But to start saving, they first need to have money , We know that most prisoners are given tasks in prison for which they receive 'mashakkat,' or wages. In Tihar's Central Jail, there are 5,000 prisoners who receive mashakkat. The amount received ranges from 4,000 to 12,000 rupees. My Gullak will provide an excellent platform for these individuals. Here, they can start their savings and gradually build a significant fund. The small savings of prisoners can become a boon for them. Let's understand this with an example: 

Each prisoner will open a mutual fund account

Each prisoner will save 1,000 rupees per month for a fixed period

After 5 years, their investment of 60,000 rupees could grow to 82,486 rupees at an annual rate of 12%.

After 10 years, their investment of 1.2 lakh rupees could grow to 2,32,339 rupees at an annual rate of 12%.

After 15 years, their investment of 1.8 lakh rupees could grow to 5,04,576 rupees at an annual rate of 12%.

During this period, they can withdraw their money at any time.

They can also increase their monthly savings as per their wish.

They can decrease their monthly savings if needed.

Moreover, they can stop their investment at any time