The government periodically introduces initiatives to protect and empower girls. These schemes like the 2015 Sukanya Samriddhi Yoajana(SSY) also promote critical issues in society, like gender inequality, early marriage, and male child preference. In addition, it's an excellent method to support families monetarily and motivate them to help their female children pursue education, grow, and become independent.
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Investing in your child's future:Nothing is more important than securing your child's future
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What is the Chief Minister’s Girl Child Protection Scheme II?
The Social Welfare and Women Empowerment Department, Government of Tamil Nadu, introduced the Chief Minister’s Girl Child Protection Scheme-I. The scheme’s objectives are:
Benefits of Chief Minister’s Girl Child Protection Scheme II
This scheme's key objectives and advantages are the empowerment and education of girls. In addition, there are other benefits for the girl child and her family.
An FD or fixed deposit will be opened for two girl children of INR 25,000 each, and the receipt will be given to the family.
The FD will be renewed after a period of five years.
An annual incentive will be provided of INR 1800 from the sixth year of the FD.
The total amount, along with the accrued interest, will be given to the girl child when she turns 18. However, this amount is only given if she appears for her 10th exam.
This scheme also goes hand in hand with a child education plan and the overall objectives of the Beti Bachao Beti Padhao campaign as the amount can only be withdrawn once a girl child appears for her 10th examinations.
How to Apply to the Chief Minister’s Girl Child Protection Scheme II?
Interested family members can apply for this scheme by following the below-mentioned steps:
Collect all the necessary documents listed below before applying.
They must visit the nearest CSC - Common Service Center to complete the biometric verification.
Complete the application form by filling in all the mandatory details and uploading all the required documents.
The CSC will provide an acknowledgement receipt on successful submission of the application. Check for details, like unique identification number (if applicable) and date and time of application submission on the receipt.
If interested, parents must submit the application before their second girl child turns three.
Documents Required for the Chief Minister’s Girl Child Protection Scheme II
Here are the documents you will be required to upload during the application submission:
A birth certificate issued by a Taluk office, corporation, or municipality office.
Age proof of parents - birth certificate, government doctor’s certificate or school certificate
Sterilisation certification issued by private or government hospitals
Income certificated by a Taluk office
A no male child certificate issued by a rural welfare officer, extension officer, or supervisor/ Taluk office of Chennai district
Residential certificate issued by Tahsildar
Community certificate issued by the revenue department
Conclusion
The Chief Minister's Girl Child Protection Scheme-II is an essential program to empower and protect female children for the future. The program not only safeguards the rights of young girls but also invests in the entire community's social and economic advancement by fostering equality, advancing education, and giving financial stability.
Can families with more than two girl children take advantage of this scheme?
No, the government has only made this scheme available for two female children and no male child.
Who can you contact for more information on the Chief Minister’s Girl Child Protection Scheme II?
You can contact the District Social Welfare Officer or the Extension Officer if you need more information on the Chief Minister’s Girl Child Protection Scheme II.
Are there any specific provisions under the Chief Minister’s Girl Child Protection Scheme II for families with triplets or twins?
Regardless of whether the two female children are twins, triplets, or siblings born at different times, the program treats all families with two female children similarly.
Can the Chief Minister’s Girl Child Protection Scheme II be availed by families of a disabled girl child?
There is nothing specifically mentioned in the Chief Minister’s Girl Child Protection Scheme II for a disabled girl child.
How is the interest rate calculated under the Chief Minister’s Girl Child Protection Scheme II?
The interest is computed for every girl child individually, using the set deposit rate by the Tamil Nadu Power Finance and Infrastructure Development Corporation Limited.
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^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.
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