The National Scheme Of Incentive To Girls For Secondary Education (NSIGSE) was introduced by the Central Government of India to encourage girl child’s education. The NSIGSE scheme intends to eliminate the number of girl children aged 14-18 dropping out of school after passing 8th class due to different socio-economic reasons, like the inability of these students’ parents to afford their daughter’s education. It aims to retain these students till the 12th class.
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Invest ₹10k/month your child will get ₹1 Cr# Tax-Free* on Maturity
The NSIGSE scheme serves as one of the best child education plans. Its benefits include financial assistance provided to young girls. They get a total of ₹3000/- as a fixed deposit in a post office or a public sector bank account under their name, if eligible. The term of this deposit is counted from the date of the deposit till the date on which the beneficiary turns 18.
The applicant should:
Be a female child.
Belong to the Scheduled Caste(SC) or Scheduled Tribe (ST).
Have cleared class 8th from Kasturba Gandhi Balika Vidhalayas regardless of them belonging to Schedules Tribes of Castes.
Have registered for class 9th in State or UT Government, Government-aided, or local body schools in the academic year 2008-2009 onwards.
The scheme does not include:
Married girls.
Girls enrolled in private-aided schools, as most of these schools charge high fees, and parents of such girls may not need financial assistance.
Girls enrolled in Central Government schools as these children already get all the amenities, or their parents are Central Government employees who can easily afford their children’s education.
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Follow these steps to apply for the NSIGSE scheme:
New Registration:
Step 1: Go to the National Scholarships Portal and open the registration page.
Step 2: You will see the registration guidelines. Scroll down the page and carefully read the undertaking. Accept the terms and click “Continue."
Step 3: A registration form will appear on the screen. All the fields marked as * are compulsory to fill. Enter your details and click “Register.” The page will display your Application ID and password. You will also receive these details in your SMS to the registered mobile number.
Fresh Application:
Step 1:Go to the applicant login page of the National Scholarships Portal.
Step 2: Fill in your Application ID and password. Type in the Captcha code and hit “Login.” You will receive an OTP on your registered mobile number.
Step 3: Enter the OTP, and the page will direct you to the Password Reset screen. Change the password, confirm it, and click “Submit.” It will take you to the “Applicant’s Dashboard”.
Step 4: Go to the left pane and click “Application Form.” Fill your details and upload the documents. All the fields marked as * are compulsory. Students’ credentials (educational qualifications, caste, etc.) will be verified through DIGILOCKER, a facility provided by the MeitY, Govt. of India.
Step 5: If the application is completed, click “Final Submit” or “Save as Draft” to complete it later.
Track Payment Status:
To track the payment status, go to the template “Know Your Payment.” You will find it in the Public Financial Management System (PFMS) Portal. You will have to submit either your Aadhaar Number, NSP Application ID or Bank Account number.
Here are the documents you will be required to submit during the application submission:
A scanned copy of the applicant’s Aadhaar card.
Domicile Certificate.
Parents or the legal guardian’s income certificate. The respective state government or UT administration authorities should issue it.
Applicant’s class 10th scorecard.
Certificate from the principal or the school head mentioning a two-year continuation after the student’s enrolment to Class 9th.
Current class fee receipts.
Bank account proof of the student’s existing or joint account with any one of her parents.
Disability certificate (if applicable).
The National Scheme Of Incentive To Girls For Secondary Education (NSIGSE) stands among the best government schemes for girl children. It acts as the Central Government’s continuous efforts to improve the socio-economic status of female children. By offering the required financial aid to the girl’s families, this scheme opens a gate for a better and more secure future for them.
†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.
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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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