Mukhya Mantri Vivah Shagun Yojna

Mukhya Mantri Vivah Shagun Yojna stands as a Haryana government initiative. It aims to help underprivileged families, especially the scheduled and backward classes. This scheme offers financial assistance to families for the marriage of their daughters. The main objective of this scheme is to alleviate the financial burden on these families so they can use their resources for their daughter’s education and upbringing rather than worrying about their marriage.

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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.

This scheme falls under the broader set of government initiatives such as the Sukanya Samriddhi Yojana to ensure social upliftment. These programs are targeted towards supporting the girl child financially & promoting the legal age of marriage.

What is the Mukhya Mantri Vivah Shagun Yojna?

Part of the Government Schemes for Girl Child, The Mukhya Mantri Vivah Shagun Yojna provides varied levels of financial aid depending on the family’s income, caste, and circumstances. Families belonging to the scheduled castes and widows living below the poverty line receive up to ₹71,000/- in the name of Kanyadan. Out of this, ₹66,000/- is given as Shagun at the time of marriage, and the remaining amount of ₹5,000/- is provided at the time of marriage registration. The scheme’s objectives are:

  • Putting an end to female infanticide
  • Improve the child-sex ratio
  • Discourage preference for male children

Benefits of Mukhya Mantri Vivah Shagun Yojna

This scheme's key objectives and advantages are the empowerment and education of girls. Other benefits include the following:

S. No. Category Total Amount of Shagun
1 Widow/Divorced/Destitute/Orphan and Destitute Children with family income less than or equal to ₹1,80,000/- per annum ₹51,000/-
2 SC/DT/Tapriwas Communities with family income less than or equal to ₹1,80,000/- per annum) ₹71,000/-
3 Sportswoman from any caste with family income less than or equal to ₹1,80,000/- per annum ₹41,000/-
4 General and Backward Classes from all sections with family income less than or equal to ₹1,80,000/- per annum ₹41,000/-
5 Divyangjan (newly married couple with both spouses disabled) whose family income is less than or equal to ₹1,80,000/- per annum ₹51,000/-
6 Divyangjan (newly married couple with both spouses disabled) whose family income is less than or equal to ₹1,80,000/—per annum ₹41,000/-
7 The couple belonging to all sections of Haryana society not covered in the above provisions of the scheme who register their marriages within 30 days from the date of marriage ₹1100/—along with a sweet box

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Eligibility Criteria for Mukhya Mantri Vivah Shagun Yojna

There is an eligibility criteria for applying to the Mukhya Mantri Vivah Shagun Yojna. The beneficiary should: 

  • Be a resident of Haryana.
  • Be a female aged 18 or above.
  • The beneficiary should meet one of the following requirements:
  • Daughter of a divorced, widowed, or destitute woman
  • Orphan girl child
  • Member of DT, SC, or Tapriwas communities
  • Daughter of a sportswoman (any caste)
  • Daughter of any section of society (General or Backward Classes)
  • A person with disabilities (Divyangjan)
  • Annual family income should be less than ₹1,80,000/-.
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How do I apply to the Mukhya Mantri Vivah Shagun Yojna?

Families interested in applying for this scheme can apply online at https://shaadi.edisha.gov.in/. Please keep note that:

  • Only online applications are accepted under this scheme.
  • The applicant shall submit his/her application within six months after marriage with their marriage registration.
  • No application received after six months of marriage will be entertained.
Unique Triple Benefit
  • Future premiums paid by insurer on parent's death
  • Monthly income to fund child's education on parent's death
  • Lumpsum payout to family on parent's death
Returns
  • Return as of Apr 2024
  • 12%-15%
  • 8.2%
  • 7.1%
Availability
  • Availability
  • Girl Child or Boy Child
  • Girl child only
  • Girl Child or Boy Child
  • Max Entry Age
  • Upto 18 years
  • Upto 10 years
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  • 21 years
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  • Anytime after 5years
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  • Returns reduced to Post Office Savings rate
  • 1% reduction in interest rate
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  • 1.5 Lacs
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People also read: Sukanya Samriddhi Yojana Calculator

Documents Required for the Mukhya Mantri Vivah Shagun Yojna

Applicants will be required to upload the below-mentioned documents during the application submission:

  • Aadhar Card
  • BPL ration card
  • Haryana resident letter
  • Caste certificate
  • Income certificate
  • Divorce certificate
  • Marriage card
  • Bank Account Passbook (Details)
  • Passport size photo
  • Birth certificate of groom and bride

Conclusion

The Mukhya Mantri Vivah Shagun Yojna is one of the best government schemes for girl child

It serves as the Haryana government’s constant effort to elevate the socio-economic status of girls and their families. By extending the required financial assistance, this scheme promotes long-term investments in their education and welfare. It also ensures a better future with mindful resource utilization, which will give rise to equality, quality education, and monetary stability.

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FAQs

  • How much amount is given under this scheme?

    Eligible beneficiaries receive an amount of ₹41,000/- to ₹71,000/- under this scheme.
  • Who is eligible to receive the grant under this scheme?

    The grant is available for the marriages of daughters from eligible families, including widows, destitute women, sportswomen, and orphan girls. Additionally, couples from all sections of society in Haryana who register their marriages within 30 days can also apply.
  • What is the application process for the grant?

    Applicants must submit their applications online along with their marriage registration documents within six months of their marriage. 
  • Where can I submit my application?

    Applications are accepted online online at https://shaadi.edisha.gov.in/.
  • Is there a deadline for submitting the application?

    Yes, there is a deadline for applying. It must be submitted within 6 months of the marriage date. Applications received after this period will be rejected.
  • Do both parties need to be residents of Haryana to apply?

    Yes, both parties need to be residents of Haryana to apply. Only then they can qualify for the marriage grant under this 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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