Financial Aid for Dependent Children of Widows and Destitute Women

This social welfare scheme by the Department of Social Welfare, Women & Child Development, Government of Chandigarh, aims to offer financial support to dependent children of widows and destitute women. Its primary goal is to ensure that children whose mothers are widowed, destitute, or deceased do not miss out on essential educational opportunities. This initiative plays a crucial role in safeguarding their access to education, providing them with a stable foundation for their future.

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Disclaimer: #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 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Under these vulnerable backgrounds, children are held back by financial restraints from achieving quality education. Plans such as this one become the best child plans because they stabilise the flow of fund generation for educational costs and ensure that the child may live with quality. There is more to mere survival; assist them towards a brighter future through education.

Key Features and Benefits 

The program provides â‚ą1000 per month for each child, limited to two children per family. Although the amount may not be substantial, the scheme prioritises child maintenance and education, making it a valuable resource for those in need.

  • Financial Assistance: The scheme envisages an amount of â‚ą1000 per month for two dependent children of the widow or destitute women.

  • Provision of Fundamental Needs: The financial assistance will cover the educational expenses of the child and make sure that the school education of the child is not discontinued due to lack of money.

Since the scheme offers funds for education, it would offer the girl child proper schooling and related facilities. This makes it another government scheme for girl child education.

Eligibility Criteria

Below are the eligibility criteria that need to be fulfilled for a child's qualification:

  • A widow or an indigent female or legal guardian taking care of orphaned children.

  • The children must be below 18 years of age at the time of application.

  • The family must have resided in the Union Territory of Chandigarh for more than three years.

  • No Other Government Pension: The child must not be receiving any family pension from the central or state government.

Exemption: Children under institutional care by the government or any NGO are exempt from getting this financial aid in relation to the scheme.

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Application Process

The application process is quite smooth for eligible applicants and, hence, accessible to everyone. The application can be made as follows:

  • Registration: Register through the ServicePlus portal. During this process, the applicant's mobile numbers and e-mail IDs are verified through OTP.

  • Filling the Application Form: The applicant, after logging-in, should check the option of "Financial Assistance to Dependent Children of Widows and Destitute Women" and further fill-up the details in the following fields. The same includes information about the applicant, dependent children, and references of responsible persons.

  • Submission of Documents:

     The following are the documents that are required to be submitted.

    • Birth certificate of the child

    • Death certificate of the father

    • Proof of residency 

    • Applicant's Photo

    • Identity proof.

    • Passbook

  • Submission: Once all the details have been filled and the necessary documents are uploaded, the application can be submitted online.

The scheme is structured to make sure that the eligible applicants get through the process within a short time. Applications generally take 15 days to get processed.

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Effect on Girl Child Education

This scheme is a crucial government initiative aimed at promoting education for girls by encouraging those from low-income families to continue their studies despite financial challenges. The financial assistance helps mitigate the risk of girls dropping out of school due to economic difficulties, making it an invaluable resource for such families. In economically disadvantaged households, girls are often the first to lose access to education when resources are limited. By allocating funds specifically for their education, this scheme fosters gender equality and empowers young girls to create brighter futures for themselves.

Conclusion

The Financial Assistance to Dependent Children of Widows and Destitute Women initiative is a remarkable program that not only supports vulnerable families by ensuring their maintenance but also enables uninterrupted access to education for their children. This scheme stands out as one of the most effective child education programs, providing both educational opportunities and economic stability to underprivileged families. By offering financial assistance for educational purposes, it effectively breaks the cycle of poverty and promotes the overall empowerment of disadvantaged groups in society.

Government initiatives, especially those focused on girl child education, play a vital role in creating long-lasting benefits. They contribute to building an inclusive and equitable future for all, shaping a society where every child has the opportunity to thrive.

FAQs

  • How many children in a family can benefit from this scheme?

    A maximum of two children per family can receive financial assistance under this scheme.
  • Does this scheme have any special provisions for differently-abled children?

    There are no separate provisions mentioned for differently-abled children under this scheme, but they are eligible if they meet the general criteria.
  • Is the assistance provided in the form of cash or direct transfer?

    The assistance is provided through direct bank transfer to ensure secure and timely payment.
  • Can the financial assistance be used for purposes other than education?

    While the primary focus is on supporting education, the assistance can also help with general child maintenance, including food, clothing, and other essential needs
  • Are students pursuing private schooling eligible for this scheme?

    Yes, students pursuing private schooling are eligible as long as they meet the other eligibility criteria of the scheme

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%
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¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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^^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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