Why Does The Government Offer Child Plans?
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The Indian government has introduced several programmes for the welfare of female children in an effort to assist them. These programmes are intended to help females who continue to be denied their right to a basic education and who are occasionally compelled to enter into unlawful unions.
The Indian Government has so created many programmes for aiding female children in an effort to increase awareness of the importance of girl education and to address these issues. To know more about government child plans, read on.
Why Does The Government Provide Child Plans?
When girls reach adolescence, there is also a significant dropout rate in India. Due to this, females are denied the right to an education and child marriage is permitted in rural regions while being against the law throughout. The Indian government has developed several programmes to assist parents in educating their daughter's children in order to address these difficulties and increase awareness of the value of educating females.
The fact that government programmes for girls are dependable and provide guaranteed returns is one of their main advantages. As a result, your money is safe, and your child can profit from it in the future for the benefit of their schooling. Additionally, the majority of these plans provide tax advantages on interest earned and maturity funds. Therefore, they might be fantastic solutions to start saving for your girls and support their goals.
What Are Some Of The Child Plans Under Government?
Following are some of the child plans offered by the government -
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CBSE Udaan Scheme
The CBSE Udaan scheme for females is managed and administered by the Central Board of Secondary Education in conjunction with the Ministry of Human Resource Development of the Government of India. With the help of this scheme, more girls would be enrolled in top engineering and technical schools all around India.
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National Scheme Of Incentive for the Girls of Secondary Education
A pan-Indian programme is operated by the Department of School School & Literacy of the Human Resource Development Ministry of the Government of India to encourage females to continue secondary education. The main goal of the programme is to assist girls from India's lower socioeconomic groups and give them access to secondary school. Under the programme, A meritorious girl will receive Rs. 3,000 in the form of a guaranteed investment for herself, which she may withdraw with interest when she turns 18 and has completed her 10th-grade test.
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Ladli Laxmi Yojana Of Madhya Pradesh
The "Ladli Laxmi Yojana" of the Madhya Pradesh state government intends to enhance the health and educational condition of girls in the region. By establishing in people a positive attitude regarding girl puberty and discouraging juvenile marriages, it seeks to deter female foeticide. Following beneficiary selection and approval, National Savings Certificates worth Rs. 6000 are regularly purchased in the beneficiary's name for five years. The beneficiary obtains Rs. 2000 at entering the sixth grade, and Rs. 4000 upon entering the ninth grade, and the outstanding amount is billed as a lump payment till the beneficiary turns 21 and takes the 12th-grade examination.
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Karnataka Bhagyashree Scheme
The Bhagyashree Scheme, run by the Karnataka government, promotes female birth among low-income households. The state of Karnataka provides financial assistance to female kids in the form of health insurance coverage up to a maximum of Rs. 25,000 per year and a yearly tuition of Rs. 300 to Rs. 1000 up to grade ten.
Endnotes
So, consider which of the aforementioned plans will work best for your family and your child. Choose the one and make the most of its benefits as a result.
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