The National Scholarship for Post-Graduate Studies (NSPG) is an initiative by the Ministry of Education, Government of India, aimed at providing financial support to deserving students from economically weaker sections. This scholarship helps students pursue their first postgraduate degree in India.
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The National Scholarship for Post Graduate Studies (NSPGS) is a financial assistance program launched by the Ministry of Education, Government of India. It aims to support students from economically weaker sections who are pursuing their postgraduate degrees in various fields across recognized institutions in India. This scholarship ensures that financial constraints do not hinder deserving students from achieving their academic goals.
Monthly Stipend: Recipients receive a scholarship amount of â‚ą15,000 per month for a duration of 10 months each academic year.
Wide Applicability: The scholarship is available for various postgraduate programs, including arts, sciences, and professional courses.
First-Year Focus: The scholarship is specifically aimed at students enrolled in their first year of postgraduate studies.
Financial Support: To provide monetary assistance to students facing financial difficulties.
Promoting Higher Education: To encourage students to pursue advanced studies and improve their qualifications.
Inclusivity: To ensure that students from all backgrounds, especially those from low-income families, have access to quality education.
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Monthly Scholarship: Recipients receive a scholarship of â‚ą15,000 per month for a duration of 10 months in a year.
Financial Relief: The monthly stipend helps cover tuition fees and living expenses, reducing the financial burden on students.
Enhanced Educational Opportunities: By alleviating financial constraints, the scholarship allows students to focus more on their studies and less on economic worries.
The NSPGS offers several important features:
Feature | Details |
Monthly Scholarship Amount | â‚ą15,000 |
Duration | 10 months |
Eligibility | First postgraduate degree only |
Age Limit | Under 30 years |
Program Type | Full-time only |
To be eligible for the NSPGS, applicants must meet the following criteria:
Educational Qualification: Must be enrolled in a recognized postgraduate program.
Age Limit: Applicants should be under 30 years old at the time of application.
Income Ceiling: Family income should not exceed a specified limit (usually around â‚ą6 lakhs per annum).
Full-Time Enrollment: Candidates must be pursuing a full-time course.
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The application process for the NSPG is entirely online and involves several steps:
Visit the official NSP website and select "New Registration" under the Applicant Corner.
Read the instructions and guidelines, agree to the terms, and click on "Continue."
Register using your mobile number through OTP verification.
Provide necessary details such as Aadhaar and bank account information.
Log in to the official NSP website using your application ID and password.
Select "Fresh Application" under the Applicant Corner.
Complete the application form and upload required documents.
Submit your application.
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Applicants must prepare and submit the following documents:
Applicants need to prepare and submit several documents, including:
Income Certificate: Proof of family income from a recognized authority.
Academic Records: Mark sheets and certificates from previous educational qualifications.
Identity Proof: Aadhar card or any government-issued ID.
Admission Proof: Confirmation of enrollment in a postgraduate program.
The National Scholarship for Post Graduate Studies is a significant initiative by the Ministry of Education aimed at supporting students from economically disadvantaged backgrounds. By providing substantial financial assistance, this scholarship helps ensure that talented individuals can pursue their academic aspirations without being hindered by financial constraints. Students interested in applying should carefully review eligibility criteria and follow the application process to take full advantage of this opportunity.
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*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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