What is the Super 5000 Scheme?

The Super 5000 Scheme is a financial assistance program in Madhya Pradesh that provides scholarships to students from unorganized sector families who excel in their board examinations.

What is the scholarship amount under the Super 5000 Scheme?

The scholarship amount is â¹25,000, provided as a one-time benefit.

Who can benefit from this scheme?

Children of labour families who are natives of Madhya Pradesh and have excelled in their board exams.

Is it necessary to be a student at a government school?

Yes, applicants must be enrolled in a government school in Madhya Pradesh.

Is there a specific age limit for parents applying on behalf of their children?

Yes, the parent (laborer) must be aged between 18 and 60 years to qualify for the scheme.

What type of schools must applicants attend?

Applicants must be enrolled in government schools in Madhya Pradesh to be eligible for the scholarship.

Super 5000

The Super 5000 scheme is an initiative under the Jan Kalyan Sambal Yojana in Madhya Pradesh, aimed at providing educational incentives to deserving students. This program specifically targets children of unorganized sector workers who excel academically in their board examinations.

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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.

What is the Super 5000?

The Super 5000 scheme offers a one-time scholarship of ₹25,000 to the first 5000 students from unorganized sector worker families who achieve high marks in their board examinations. This financial aid helps these students continue their education.

Objectives of Super 5000

The main goals of the Super 5000 scheme are:

Support Education: To encourage students from labour families to pursue higher studies.
Reward Merit: To recognize and reward students who excel academically.
Financial Assistance: To provide necessary funds for educational expenses.

Features of Super 5000

Here are some key features of the Super 5000 scheme:

Scholarship Amount: A one-time payment of ₹25,000.
Eligibility: Available for students from labour families who pass their 10th and 12th board examinations and score among the top 5000 in their state.
Limited to Government Schools: Only students from government schools in Madhya Pradesh can apply.

Feature	Description
Scholarship Amount	₹25,000 (one-time)
Eligibility Criteria	Top 5000 students from labor families
School Type	Government schools only

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Eligibility Criteria

To be eligible for the Super 5000 scholarship, applicants must meet the following requirements:

Residency: Must be a native of Madhya Pradesh.
Parental Background: Children of registered labourers in the unorganized sector are eligible.
Academic Performance: Students must have passed the 10th or 12th board examination conducted by the Madhya Pradesh Board of Secondary Education and be among the top 5000 in merit.
School Type: Applicants must be enrolled in a government school in Madhya Pradesh.
Age Requirement for Laborers: The age of the construction worker (parent) should be between 18 and 60 years.

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Benefits of Super 5000

The benefits of this scholarship include:

Benefit Type	Description
Financial Assistance	One-time scholarship amounting to ₹25,000.
Educational Support	Helps meritorious students continue their studies.

Application Process for Super 5000

Applying for the Super 5000 scholarship involves several steps:

Contact School or Labor Department: Students should reach out to their school principal or the district labour department.
Obtain Application Form: Get the application form from the school or department.
Fill Out Form: Complete the application form with the required information.
Attach Documents: Include all necessary documents with the application.
Submit Application: Hand in the completed application form.

Unique Triple Benefit

Future premiums paid by insurer on parent's death

Monthly income to fund child's education on parent's death

Lumpsum payout to family on parent's death

Returns

Return as of Apr 2024
12%-15%
8.2%
7.1%

Availability

Availability
Girl Child or Boy Child
Girl child only
Girl Child or Boy Child

Max Entry Age
Upto 18 years
Upto 10 years
No Age Limit

Flexibility

Invested Amount can be Withdrawn after
5 years
21 years
15 years

Conditions for Premature closure
Anytime after 5years
Extreme Compassionate Grounds
Serious Ailments or for education

Penalty on Premature Closure
No Penalty after 5 years
Returns reduced to Post Office Savings rate
1% reduction in interest rate

Max deposit amount in an year
No Limit
1.5 Lacs
1.5 Lacs

Documentation

Documentation Required for Withdrawal
Low
High
Low

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People also read: Government Schemes for Girl Child

Documents Required to Apply for Super 5000

Students need to prepare the following documents when applying:

Aadhar Card: Proof of identity.
Permanent Residence Certificate: To verify residency status.
Passport-size Photo: A recent photograph for identification.
10th/12th Class Mark Sheet: To show academic performance.

Conclusion

The Super 5000 scholarship scheme is a valuable initiative that supports talented students from labour families in Madhya Pradesh. By providing financial assistance, it encourages these students to pursue further education and achieve their academic goals. This program not only rewards merit but also helps create a more equitable educational environment.

FAQs

What is the Super 5000 Scheme?

The Super 5000 Scheme is a financial assistance program in Madhya Pradesh that provides scholarships to students from unorganized sector families who excel in their board examinations.
What is the scholarship amount under the Super 5000 Scheme?

The scholarship amount is ₹25,000, provided as a one-time benefit.
Who can benefit from this scheme?

Children of labour families who are natives of Madhya Pradesh and have excelled in their board exams.
Is it necessary to be a student at a government school?

Yes, applicants must be enrolled in a government school in Madhya Pradesh.
Is there a specific age limit for parents applying on behalf of their children?

Yes, the parent (laborer) must be aged between 18 and 60 years to qualify for the scheme.
What type of schools must applicants attend?

Applicants must be enrolled in government schools in Madhya Pradesh to be eligible for the scholarship.

†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
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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%
+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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