National Scheme Of Incentive To Girls For Secondary Education

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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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.

Benefits of the National Scheme Of Incentives to Girls For Secondary Education

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.

Eligibility Criteria for the National Scheme Of Incentive To Girls For Secondary Education

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.

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Exclusions from the National Scheme Of Incentives to Girls For Secondary Education

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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How to Apply

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.

Documents Required

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.

FAQs

  • How much amount is given under the NSIGSE scheme as a scholarship?

    Eligible candidates receive an amount of ₹3000 under this scheme. They also get accrued interest at the end of the term of the interest-bearing account. 
  • Am I eligible for the NSIGSE scheme if I am a 17-year-old married female who has enrolled in class 9 in a secondary school?

    No, you are not eligible for the scheme. The maximum age of the female applying for this scheme should be 16 years, and she should not be married.
  • Can I avail myself of the benefits of the NSIGSE scheme if I study at a CBSE school in Bangalore?

    No, you cannot avail yourself of the benefits of this scheme as it excludes the students enrolled in class 9 in any central government or private schools.
  • Can I register for the NSIGSE scheme if I enrolled in class 9 at the age of 16 but could not continue my studies after a year?

    No. Beneficiary female students can only use the funds if they continue their studies for at least two years from the date they enrol in this scheme. The passing certificate of the Class 10 board examination is required to avail of the incentive benefits.
  • Can an applicant withdraw the amount offered by the scheme before completing 18 Years?

    No, premature withdrawal of the amount is not allowed.

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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%
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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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