Rajiv Gandhi Equity Savings Scheme 2012 (RGESS) – SEBI Circular

The Rajiv Gandhi Scheme is very attractive.SEBI should elaborate on the site as it is for a layperson who wants to save a d provide for pension.The letter of SEBI, it is observed is not understood by the masses .
How much go deposit
Lock in period
After how long will they get the amount and how much
will that be taxed then.No, but please clarify.
SEBI ought to understand that this is more for the masses
Demat account its advantages and if it is a lock in will they have to put the amount after 3 years in circulatiom
If yes,then where is the purpose of providing of pension by availing the Rajiv Gandhi Yojana come in
Is it like a Mutual Fund Scheme where the responsibility of giving the return and promising the amount will be paid by the banks nominated for the scheme.