The Tamil Nadu government's Social Welfare and Women Empowerment Department introduced the "Chief Minister's Girl Child Protection Scheme-I." The goals of the scheme include giving girls from low-income households financial support, encouraging education for girls, promoting small-family values, increasing the child-to-sex ratio, discouraging the preference for male offspring, and eradicating female infanticide.
Read moreNothing Is More Important Than Securing Your Child's Future
Invest ₹10k/month your child will get ₹1 Cr# Tax-Free* on Maturity
Government Schemes for Girl Child provide essential financial support, empowering girls with brighter futures. These initiatives ease the financial strain on families, offering greater opportunities and helping build a more promising tomorrow for young girls.
A ₹50,000 fixed deposit (FD) in the girl child's name (the family receives a copy of the FD receipt).
After five years, FD is renewed.
A ₹1,800/-annual incentive starting in the sixth year of the FD.
When the girl child reaches the age of 18, she receives the deposited sum with interest.
To be noted:
The matured amount will only be awarded to the girl child if she sits for the 10th standard public exam.
Several criteria have been set to ensure that support is provided to the right people. There can be only one female child from a low-income family who may receive this scheme, and other specific requirements are also categorized for family members as well.
Only one of the family's female children receives assistance.
The girl child's parents' yearly income shouldn't be more than ₹72,000.
Sterilization must have been performed on one of the parents before the age of 40.
There should be no male children and only one female child in the family. No male child should be adopted in the future.
When applying for this scheme, the parents or grandparents must be Tamil Nadu natives by birth or have lived there continuously for at least ten years.
The scheme also applies to the girl children of Tamil refugees from Sri Lanka who are living in Tamil Nadu's refugee camps.
The online procedure under the CSCs has made it easier for applicants to fill out and securely submit their applications. Follow the below steps to avail the best child education plan
Step 1: In order to apply for the relevant scheme, the applicant must get copies of the required paperwork.
Step 2: The candidate must go to the Common Service Center (CSC) that is closest to them and finish the Biometric Verification Process.
Step 3: Complete all required fields on the application form and attach copies of all required files.
Step 4: Ask the CSC for a receipt or acknowledgment. Make sure the receipt has all the necessary information, including the submission date and time and, if relevant, a unique identification number.
To be noted:
When applying for this scholarship, the parents or grandparents must have lived in Tamil Nadu for ten years.
Application Deadline: The application must be turned in before the child turns 3.
People also read: Sukanya Samriddhi Yojana
To verify eligibility and ensure correct processing of the application, the applicant will be required to provide the following documents.
Birth Certificate (issued by the Corporation, Taluk, or Municipality Office).
Parental age proof (birth, school, or government doctor's certificates).
Sterilization certificate (issued by a government or private hospital).
Income Certificate (issued by the Taluk Office).
No Male Child Certificate (issued by an Extension Officer (SW), a Rural Welfare Officer, or a Supervisor/Taluk Office (only in Chennai District).
Residential certificate (issued by Tahsildar).
Community certificate (issued by the Revenue Department).
The Chief Minister's Girl Child Protection Scheme-I is a landmark action by the Tamil Nadu government to secure the future of girls in economically weaker sections. This brings financial stability and motivates the families to concentrate on the educational development and welfare of the daughters. Being easy to apply and generating considerable benefits, this scheme supports the empowerment and welfare of girls in the state of Tamil Nadu.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
Investment
Secure
04 Dec 2024
The Coaching Financial Assistant Scheme 2019 is an initiative by04 Dec 2024
The Mukhyamantri Noni Sashaktikaran Sahayata Yojana is a scheme04 Dec 2024
The Indian Government has launched various initiatives for04 Dec 2024
The National Scheme Of Incentive To Girls For Secondary04 Dec 2024
To help the state's orphan children, the state governmentInsurance
Calculators
Policybazaar Insurance Brokers Private Limited CIN: U74999HR2014PTC053454 Registered Office - Plot No.119, Sector - 44, Gurugram - 122001, Haryana Tel no. : 0124-4218302 Email ID: enquiry@policybazaar.com
Policybazaar is registered as a Composite Broker | Registration No. 742, Registration Code No. IRDA/ DB 797/ 19, Valid till 09/06/2027, License category- Composite Broker
Visitors are hereby informed that their information submitted on the website may be shared with insurers.Product information is authentic and solely based on the information received from the insurers.
© Copyright 2008-2024 policybazaar.com. All Rights Reserved.