Ladla Bhai Yojana, also known as the Mukhyamantri Yuva Karya Prashikshan Yojana or the , is a state-backed youth welfare scheme which aims to provide financial assistance along with employment and vocational training to educated youth. The scheme aims at providing training to 10 lakh youth annually.
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Invest ₹10k/month your child will get ₹1 Cr# Tax-Free*
Ladla Bhai Yojana was launched by the Maharashtra government in 2024 to tackle unemployment amongst male youth. It is managed by the Department of Skills, Employment, Entrepreneurship and Innovation. The scheme provides different stipends for individuals with different academic qualifications.
The following table lists the stipends for individuals:
| Academic Qualification | Stipened |
| 12th Pass | ₹6000 |
| ITI/ Diploma Holder | ₹8000 |
| Graduate/ Post Graduate | ₹10000 |
The following points summarise the eligibility criteria for the Ladla Bhai Yojana
Below are the benefits of the Ladla Bhai Yojana Scheme:
The Ladla Bhai Yojana, popularly known as the Mukhyamantri Yuva Karya Prashikshan Yojana, provides the youth of Maharashtra with employment along with a stipend tied to it. This employment and certification further pave the way for the beneficiaries to gain employment through the experience they have gained under the scheme. While financial independence is crucial for youth, a strong and backed feature helps your child gain better education and experience. You can check and compare the best child plans to develop such a future for your child.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*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.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^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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