theIndusParent Logo
theIndusParent Logo
  • Pregnancy
    • Fertility & Conception
    • First Trimester
    • Second Trimester
    • Third Trimester
    • Labour & Delivery
    • Post-delivery Care
    • Miscarriage
    • 9 Months
  • Baby
    • Development
    • Breastfeeding
    • Weaning
    • Health
    • Behaviour
    • Gear & Wear
    • Baby Names
    • Nine Months-0 to 1
  • Toddler
    • Development
    • Health
    • Behaviour
    • Life Skills
    • Trendy Wear
    • 9 Months Season 3: Toddler Years
  • Pre-teen
    • Development
    • Health
    • Education
    • Behaviour
    • Lifeskills
    • Fashion
  • Mums
    • Awesome Working Mums
    • Celeb Mums
    • Beauty
    • Fashion
    • Sex
    • Labour Story
  • Health
    • Nutrition
    • Fitness
    • Home Remedies
    • Chakra Healing
    • Experts' Corner
  • Family & Leisure
    • Relationships
    • For Dads
    • Essential Life Tips
    • Money
    • Recipes
    • Celebrations
    • Travel
    • Vastu
    • Astrology
    • Baby Photos
    • Video
    • Events & Workshops
    • Review
    • Contest
  • हिंदी
  • தமிழ்
  • বাংলা
  • Video

Opt for these three best financial schemes for a girl child in India

3 min read
Opt for these three best financial schemes for a girl child in IndiaOpt for these three best financial schemes for a girl child in India

While the Indian government offers various financial incentive schemes for girl child, these three schemes are best for starters

If you are the parent of a girl child, then you should know that your daughter is eligible for many financial incentives. From her education right upto savings for her marriage, she can easily get subsidies, quotas and loans.

While such schemes are mostly targeted towards girls from financially poor backgrounds, it is not a necessity. These are benefits that anybody with a girl child can avail.

But what are these schemes and how can you apply for them? Let us take a look at the most important financial incentive schemes for a girl child in India.

3 best financial schemes for a girl child

#1 CBSE Scholarship Scheme 2016

Under this scheme, a single girl child who has completed class X is eligible to avail scholarships from the Central Board of Secondary Education (CBSE). However, she is only eligible if she has scored 60 percent or 6.2 CGPA in her 10th boards.

As per this scheme, girl child must carry on her further education from CBSE. The other criteria is that the tuition fee should not be more than Rs 1,500 per month. On this, she will get a relaxation of Rs 500 per month. But remember that this is for single girl child only studying in government schools.

#2 Sukanya Samriddhi Yojna

The Sukanya Samriddhi Yojna was launched by the government under the Beti Bachao, Beti Padhao Campaign last year in January. It’s purpose is to encourage parents to invest in their daughter’s higher education and marriage.

As per this scheme, in the first year, parents or legal guardians can invest a minimum of Rs 1,000. After the first year, they can also invest in multiples of Rs 100, upto a maximum of Rs 1, 50,000.

#3 Sivagami Ammaiyar Memorial Girl Child Protection Scheme

This particular scheme has been launched by the government of Tamil Nadu. Families with Rs 50,000 as the total annual salary are eligible for this scheme aimed at single girl child.

There are two sub schemes under this protection initiative.

  • Scheme I: The state government will create a fixed deposit to the tune of Rs 22,000 for one girl child of the family
  • Scheme II: The state government Rs.15,200 for each girl child where the family has two female children, only
  • Under both schemes, an amount of Rs.150 as monthly incentive shall be given to the girl child on completion of 5 years from the date of deposit and upto 20th year of deposit for her educational purpose.

Apart from these schemes, our recommendation is that you invest in child plans (insurance in case of guardian's death), mutual funds (with children-specific schemes), and debt instruments (PPF or recurring deposits).

If you have any insights, questions or comments regarding the article, please share them in our Comment box below. Like us on Facebook and follow us on Google+ and Twitter to stay up-to-date on the latest from theIndusparent!

(Image courtesy: Endian)
Partner Stories
109-year-old woman shares her secret to long life
109-year-old woman shares her secret to long life
4 things parents should not do for their children
4 things parents should not do for their children
Kids at Harm in Maids' Hands
Kids at Harm in Maids' Hands
These are the best sexual positions for quicker conception
These are the best sexual positions for quicker conception

Got a parenting concern? Read articles or ask away and get instant answers on our app. Download theAsianparent Community on iOS or Android now!

img
Written by

Deepshikha Punj

  • Home
  • /
  • Article
  • /
  • Opt for these three best financial schemes for a girl child in India
Share:
  • Increase In Screen Time Can Affect Your Kids' Eyes

    Increase In Screen Time Can Affect Your Kids' Eyes

  • 10 Must-haves for Parents In Case of Emergencies

    10 Must-haves for Parents In Case of Emergencies

  • How to Nurture a Strong Mother-Daughter Bond According to Science

    How to Nurture a Strong Mother-Daughter Bond According to Science

app info
get app banner
  • Increase In Screen Time Can Affect Your Kids' Eyes

    Increase In Screen Time Can Affect Your Kids' Eyes

  • 10 Must-haves for Parents In Case of Emergencies

    10 Must-haves for Parents In Case of Emergencies

  • How to Nurture a Strong Mother-Daughter Bond According to Science

    How to Nurture a Strong Mother-Daughter Bond According to Science

Get advice on your pregnancy and growing baby. Sign up for our newsletter
  • Ages + Stages
    • Baby
    • Baby Concerns
    • Baby Development
    • Baby Formula Feeding
    • Baby health
    • Baby Milestones
    • Breastfeeding
  • Family Life
    • Family & Leisure
    • Essential Tips
    • Family Fun
    • Events
    • For Dads
    • For Mum and Dad
  • Health & Wellness
    • India
    • International
    • Lifestyle
    • Kid's Entertainment
    • Indoor
    • Learning Activities
  • Toddler
    • Toddler Behaviour
    • Toddler Development
    • Toddler Discipline
    • Toddler Education
    • Toddler Health
    • Toddler Life Skills
  • Gallery
    • News
    • Celebrity
    • Features
    • Bollywood
    • Video
    • Marriage
  • More
    • TAP Community
    • Advertise With Us
    • Contact Us
    • Become a Contributor


  • Singapore flag Singapore
  • Thailand flag Thailand
  • Indonesia flag Indonesia
  • Philippines flag Philippines
  • Malaysia flag Malaysia
  • Sri-Lanka flag Sri Lanka
  • India flag India
  • Vietnam flag Vietnam
  • Australia flag Australia
  • Japan flag Japan
  • Nigeria flag Nigeria
  • Kenya flag Kenya
© Copyright theAsianparent 2022. All rights reserved
About Us|Team|Privacy Policy|Terms of Use |Sitemap HTML
  • Tools
  • Articles
  • Feed
  • Poll

We use cookies to ensure you get the best experience. Learn MoreOk, Got it

We use cookies to ensure you get the best experience. Learn MoreOk, Got it