The Directorate of Social Welfare & Social Education, Government of Tripura, has introduced an incentive program named “Tripura Scheme For Incentive To Girl Child” for girls born on or after 1st June 2009 whose parents are listed as BPL cardholders. Until the girl child turns 15, the incentive will be offered at a monthly rate of ₹300 per head. The mother of the girl child will get the incentive money through a bank or post office account. The program will cover a family of up to two female children. With the Director of Social Welfare and Social Education's prior consent, the Child Development Project Officer will approve the incentive.
Read moreNothing Is More Important Than Securing Your Child's Future
Invest ₹10k/month your child will get ₹1 Cr# Tax-Free* on Maturity
Here's an overview of the modified Tripura Scheme for Incentive to Girl Child is summarised below:
Category | Details |
Scheme Name | Tripura Scheme for Incentive to Girl Child (TIGC) |
Purpose | Provide financial incentives for the welfare of girl children in financially disadvantaged households |
Initial Notification Date | June 12, 2009 |
Effective Start Date | June 1, 2009 |
Eligibility (Original) | Girl children born on or after June 1, 2009, to parents who are BPL cardholders or listed BPL households |
Eligibility (Modified) | Girl children born on or after June 1, 2009, to parents with a family income of less than ₹1 lakh per annum |
Benefit Amount | ₹300 per month per eligible girl child until she reaches 15 years of age |
Beneficiary | The incentive is disbursed to the mother of the eligible girl child, ideally through a bank or post office account. |
This incentive amount is to be used for the girl child education plan. The government sends a monthly payment of ₹300 to each kid until the girl child turns 15 years old. The incentive sum will be paid to the mother of the female child, to her bank/post office account.
This Government scheme for girl child has an eligibility criteria that must be followed to avail the benefits of the scheme.
Be a part of a Below Poverty Line (BPL) household.
Have up to two female children born on or after 1/06/2009.
The scheme covers the girl child until she turns 15 years old.
Apply to the relevant AMC, Nagar Panchayat, or RD Block using the form provided by the Child Development Project Officer (CDPO), which may be obtained for free from the CDPO's office.
Here is the list of documents required for the Government schemes for girl child designed to recognise and support students from economically disadvantaged backgrounds, ensuring they receive the assistance they deserve.
An attested copy of the certificate from the B.D.O. or C.E.O. of the relevant RB Block, Nagar Panchayat, or AMC attesting to the applicant's status as a BPL household.
An attested copy of the applicant's EPIC.
An attestation of the girl child's birth certificate from the TTAADC areas' Registrar of Births and Deaths, AMC, Nagar Panchayat, Gram Panchayat, or Village Committee.
The Tripura Incentive Scheme for Girl Child is a critical project aiming at improving the lives of girl children from economically disadvantaged families. The scheme encourages families to make investments in their daughters' future opportunities and well-being by giving the mother a monthly allowance.
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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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