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.
Read more
Investing in your child's future:Nothing is more important than securing your child's future
Benefits of Investing In Child Plan
Waiver of Premium Benefit
Future Premiums are paid by the insurer upon death of policyholder
Flexible Payout Options
Your premiums help your child achieve their dreams through lump sum or regular payouts
Wealth Boosters
Get rewarded with Wealth Booster and Loyalty Bonus for staying invested with us
Zero Commission
We charge no commission when you buy from us. Also buy online & get extra
Tax Benefits^
You get tax benefits under Section 80(C) and no tax on returns under Section 10 (10D)
Investment Flexibility
It offers the flexibility to invest at regular intervals or as a one-time contribution
We are rated++
9.7 Crore
Registered Consumer
51
Insurance Partners
4.9 Crore
Policies Sold
Investment Will Continue With Or Without You
Invest ₹10k/month your child will get ₹1 Cr# Tax-Free*
What is the National Scholarship For Post Graduate Studies?
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 ₹15,000 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.
Objectives of National Scholarship For Post-Graduate 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.
Benefits of National Scholarship For Post-Graduate Studies
Monthly Scholarship: Recipients receive a scholarship of ₹15,000 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.
Invest MoreGet More
Invest ₹10K/MonthYOU GET₹1 Crores*For Your ChildView Plans
Invest ₹8K/MonthYOU GET₹80 Lakhs*For Your ChildView Plans
Invest ₹5K/MonthYOU GET₹50 Lakhs*For Your ChildView Plans
Standard T&C Apply *
Features of National Scholarship For Post Graduate Studies
The NSPGS offers several important features:
Feature
Details
Monthly Scholarship Amount
₹15,000
Duration
10 months
Eligibility
First postgraduate degree only
Age Limit
Under 30 years
Program Type
Full-time only
Eligibility Criteria
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 ₹6 lakhs per annum).
Full-Time Enrollment: Candidates must be pursuing a full-time course.
Documents Required to Apply for National Scholarship For Post-Graduate Studies
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.
Conclusion
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.
Is there any National Scholarship for PG students?
Yes, the National Scholarship for Post Graduate Studies (NSPGS) is available for students pursuing postgraduate degrees in India.
Are there scholarships for post graduate?
Yes, there are various scholarships available for postgraduate students, including the National Scholarship for Post Graduate Studies and other state-level or university-specific scholarships.
What is the last date of National Scholarship post graduate?
The last date to apply for the National Scholarship for Post Graduate Studies is typically announced on the official scholarship portal. As of now, please check the portal for the latest deadline.
Who is eligible for up PG scholarship?
To be eligible for the UP PG scholarship, students must be enrolled in a postgraduate program in Uttar Pradesh and meet specific income criteria set by the state government.
How much is the monthly stipend for NSPGS?
The National Scholarship for Post Graduate Studies provides a monthly stipend of ₹15,000 for a duration of 10 months each academic year.
Can I apply if I am already enrolled in a PG course?
Yes, you can apply if you are currently enrolled in your first year of a recognized postgraduate program.
Is there an age limit to apply for NSPGS?
Yes, applicants must be under 30 years old at the time of application to be eligible for the scholarship.
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. 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. 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. ++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^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.
Investment
Secure
Secure your Child’s Career Goal
Start Investing ₹10,000/Month
& Get ₹1 Crore*
*Standard T & C Apply
Insurers Offering Child Plans
Tata AIA
Aditya Birla Sun Life
Bajaj Allianz
Axis Max Life
HDFC Life
ICICI Prudential
Bharti AXA Life
Edelweiss Life
Kotak Life
Future Generali
PNB MetLife
SBI Life
Aviva
Bandhan Life
Canara HSBC
IDBI Federal
IndiaFirst
Pramerica Life
Reliance Life
Sahara Life
Shriram Life
Star Union
View more insurers
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or
insurance product offered by an insurer.