The Rajasthan Government launched the Palanhar Yojana in 2005 to provide orphaned or extremely vulnerable children with family-like environments to support their growth and well-being. The government does so by appointing the child’s close relative as their foster guardian or “Palanhaar”, who ensures that all the needs of the child are taken care of.
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Invest ₹10k/month your child will get ₹1 Cr# Tax-Free*
The Palanhar Yojana works by appointing someone from the pre-existing social circle of the child, generally a relative, as the foster guardian of the child. This person is tasked with taking care of the needs of the child, including food, shelter and clothing, ensuring that the child is brought up in a family environment.
Appointment of the Guardian: The foster guardian of an orphaned child is generally chosen when an individual who is related to the child volunteers to become a “palanhar”
Financial Assistance provided under the scheme:
Orphans and children whose parents face severe life challenges qualify for the program, but this must be within age limits and the income threshold as prescribed by the scheme. The eligibility criteria for the same are as follows:
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The application can be made online very easily by visiting the e-Mitra site, registering with or signing in using the Jan-Aadhaar ID, and uploading the documents to be used.
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Important documents that include Jan-Aadhaar, Aadhaar, and school certificates validate the child's eligibility for the benefits and streamline the processing process.
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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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