The School Education Department of the Government of Madhya Pradesh introduced the "Education Development Scholarship for Single Girl Child" scheme intending to guarantee the continuation of education for female students who are their parents' only daughters. The initiative offers a scholarship of ₹5,000/-per year to qualifying female students who are the only children of their parents and who have passed the 10th-grade exam with at least 60% of the possible scores.
Read moreNothing Is More Important Than Securing Your Child's Future
Invest ₹10k/month your child will get ₹1 Cr# Tax-Free* on Maturity
This Government Schemes for Girl Child constitutes essential financial support enabling girls to study without burden. The scheme promotes the family education of daughters and contributes to ensuring equality in education for young women.
Direct Bank Transfer: The scholarship amount of ₹5,000 per year is directly transferred into the student's bank account, making it hassle-free and timely.
If you are eligible for this scheme, several conditions ensure that this scholarship reaches the needful hands. This girl child education plan would be given to academically promising students from Madhya Pradesh who had to forego higher education due to financial reasons.
The candidate must be a female student.
The candidate's parents should only have one daughter.
Madhya Pradesh should be the girl student's permanent home.
According to the Madhya Pradesh Secondary Education Board's curriculum, the female student should have received at least 60% of the possible points in the 10th-grade exam.
The girl needs to be enrolled in a reputable private school in Class 11 or 12.
Less than ₹1,500 should be the monthly tuition fee.
The female student should have passed her previous class.
To be noted:
An authenticated copy of the family list in the ration card or a certificate from the office head attesting to the applicant's status as an only child is needed if the parents work for the government.
A certified copy of the ration card or an affidavit from a notary certifying the applicant is the only child is needed if the parents are not government employees.
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Girls who qualify for the scheme can get in contact with the principal of their particular schools or institutions to take advantage of its benefits.
To be noted:
Based on the student's record or certificate, the teacher of the educational institution enters the student's profile on the education portal.
All the documents have to be submitted to validate the eligibility of the applicant. These documents establish the identity of the student and verify her eligibility as a single girl child and scholarly performance.
A passport-sized photo
The Aadhaar card
The Madhya Pradesh domicile certificate
A single child's certificate or documents
Ration Card
Class 10th/11th mark sheet
Samagra ID
Bank Passbook
Any further paperwork that may be needed
The Government of Madhya Pradesh's Education Development Scholarship for Single Girl Child is an important empowerment move aimed at eradicating financial barriers to pursuing education among young girls. The scheme will encourage families to support their daughter's higher education, contributing towards an educated and egalitarian society. Students interested in this scholarship should apply to carry forward the pursuit of education further and seek a better future.
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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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