Sukanya Samriddhi Yojana and 4 other govt schemes for your daughter on Children’s Day

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It is important to invest and plan systemically to secure your child’s financial future. There are several schemes — investment options and scholarship programmes — that the central government and the state governments offer for children, especially daughters.
Here are five government schemes for a girl child.

Sukanya Samriddhi Yojana (SSY)

Backed by the Union government, Sukanya Samriddhi Yojana is a small savings scheme for the girl child. Parents can open a Sukanya Samriddhi Yojana any time after the birth of a girl till she turns 10, with a minimum deposit of Rs 250 (earlier it was Rs 1,000). In subsequent years, a minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited into the SSY account during a financial year.

Do note that the account will remain operative for 21 years from the date of its opening or till the marriage of the girl after she turns 18. To meet the requirement of her higher education expenses, a partial withdrawal of 50 per cent of the balance is allowed after she turns 18.

The Sukanya Samriddhi Yojana offers an interest rate of 7.6 per cent per annum during the October-December quarter of FY2022-23. The government revises the interest rate of this scheme quarterly.

Also read:
All about Sukanya Samriddhi Yojana

Balika Samridhi Yojana

Balika Samridhi Yojana covers girl children in families below the poverty line (BPL). Here are the benefits a girl child is entitled to under this scheme, according to the social welfare department website of the Manipur government :

a) A post-birth grant amount of Rs 500

b) When the girl child born on or after 15/8/1997 and covered under Balika Samridhi Yojana starts attending the school, she will become entitled to an annual scholarship after a completed year of schooling. The rate of the annual scholarship is as follows:

I-III: Rs 300 per annum for each class.

IV: Rs 500 per annum

V: Rs 600 per annum

VI-VII: Rs 700 per annum for each class

VIII: Rs 800 per annum

IX-X: Rs 1,000 per annum for each class

Eligibility: The girl children must belong to families below the poverty line (BPL) as defined by the government of India, in rural areas and urban areas and are born on or after 15th August 1997. The Benefits under Balika Samridhi Yojana will be restricted to two girl children in each household born on or after 15.8.97 irrespective of the total number of children in the household.

After some years of launch, the scheme was handed over to the state governments and the implementation of the same now depends on the individual state governments.

UDAAN CBSE scholarship program

UDAAN is a project launched by the Central Board of Secondary Education (CBSE) under the aegis of the Ministry of Human Resource Development (MHRD) to address the low enrolment of girl students in prestigious engineering institutions and the bridging the gap between school education and engineering entrance examinations.

Eligibility: a) All girl students studying in classes XI of KVs/NVs/Government Schools of any recognised Board/ CBSE affiliated private schools in India are eligible to apply for the UDAAN CBSE scholarship programme. as per the HRD website.

b) The selection of the students will be based on merit and will be considered against the city chosen by the candidate for the weekly virtual contact classes

c) Girl students enrolled in Class XI in Physics, Chemistry, Mathematics (PCM) stream.

d) Minimum 70 per cent marks in Class X overall and 80 per cent marks in Science and Mathematics for Boards which follow CGPA, a minimum CGPA of 8 and a GPA of 9 in Science and Mathematics are required to apply for the scholarship.

e)Reservation as per JEE (Advanced): OBC (NCL) – 27 per cent, SC – 15 per cent, ST – 7.5 per crnt, PWD – 3 per cent of seats in every category.

f) The annual family income should be less than Rs 6 lakhs per annum.

The Union government will provide students free offline/online courses through virtual classes during the weekend and study material while studying in class XI and XII for preparation for admission tests to various premier engineering colleges in the country.

Interested applicants would need to fill out the UDAAN application form by visiting the official website of CBSE- www.cbse.nic.in or www.cbseacademic.in, as per the website.

National Scheme of Incentive to Girls for Secondary Education

Launched in 2008 by the Union government, the National Scheme of Incentive to Girls for Secondary Education provides incentives to girl students enrolled in class XI. The objective of the scheme is to establish an enabling environment to promote enrolment and reduce dropout of girls belonging to SC/ST communities in secondary schools and ensure their retention up to 18 years of age, as per the Department of School Education and Literacy programme.

According to the Department of School Education and Literacy, the scheme covers (i) all girls belonging to SC/ST communities who pass class VIII and (ii) all girls who pass the class VIII examination from Kasturba Gandhi Balika Vidyalayas (irrespective of whether they belong to SC/ ST), and enroll in class IX in State/ UT Government, Government-aided and Local Body schools.

Eligibility: 1) Girl students who pass class VIII and are enrolled in class IX in state/UT government, government-aided, and local body schools and belonging to SC/ST communities

2) All girls who pass the class VIII examination from Kasturba Gandhi Balika Vidyalayas (irrespective of whether they belong to SC/ST)

A sum of Rs 3,000 is deposited in the name of eligible unmarried girls as a fixed deposit on enrolment in class IX, who are entitled to withdraw it along with interest thereon upon reaching 18 years of age and passing the class X examination.

The National Scheme of Incentive to Girls for Secondary Education is on-board on the National Scholarship Portal (NSP), which has been developed by the Ministry of Electronics and Information Technology (MeitY) for streamlining and fast-tracking the release of Scholarships across Ministries / Departments with efficiency, transparency, and reliability.

State govt schemes for girl child

Several state governments including Delhi, Maharashtra, Bihar, Uttarakhand, Rajasthan, and West Bengal offer monetary benefits to the parents of the girl child, starting from their birth till higher education. Delhi Ladli Scheme, Mukhyamantri Kanya Suraksha Yojana in Bihar, and Kanyashree in West Bengal are some of them.

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