Kanya Utthan Yojana is a government scheme launched by the Government of Bihar to provide financial assistance to girls from poor families to support their education from birth till graduation. The scheme aims to promote education among girls and empower them to become self-reliant.
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Invest ₹10k/month your child will get ₹1 Cr# Tax-Free*
The Mukhyamantri Kanya Utthan Yojana (MKUY) is a social welfare scheme launched by the Government of Bihar in 2018. The scheme aims to empower girls and women by providing them with financial assistance to pursue education and employment. Under the MKUY scheme, girls from Economically Weaker Sections (EWS) families are eligible to receive financial assistance from the government from birth till graduation. The financial assistance is provided in installments, with the amount increasing as the girl progresses through her education.
The scheme provides financial support to girls at different stages of their life, starting from birth and continuing through their graduation.
The objectives of the Kanya Utthan Yojana are to:
The scheme provides financial assistance to girls from birth till graduation.
The scheme provides financial assistance to girls at different stages of their education, from birth to graduation. The benefits of the scheme are:
The eligibility criteria for the Mukhyamantri Kanya Utthan Yojana are as follows:
The following documents are required for the Kanya Utthan Yojana in Bihar:
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To apply for the Mukhyamantri Kanya Utthan Yojana (MKUY), follow the process step by step:
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The scheme has had a positive impact on the lives of girls and women in Bihar. It has helped to increase the enrollment of girls in schools and colleges, and it has also helped to reduce the dropout rate of girls. The scheme has also helped to empower women by providing them with the financial resources they need to pursue education.
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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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