Maharashtra Student Stipend Scheme

Maharashtra Student Stipend schemes consist of various financial assistance programmes initiated and managed by the Government of Maharashtra to support the students at different stages of education. The schemes do not have a specified name, but various stipend and scholarship schemes are counted in one unified system.

53 Partners Insurance Partners

15.8 Crore Registered Consumer

7.16 Crore Policies Sold

We are rated ++

₹1 Crore Life cover starting from ⁺

Lowest Price Guarantee ^˜

Male

Female

Name

Date of Birth (DD/MM/YYYY)

Mobile Number

Check Your Premium Now

By continuing you agree to receive assistance and agree to our Privacy Policy , Terms of use & +Disclaimer

The schemes are managed and delivered through the MahaDBT website, allowing the students to apply online and get the funds and other benefits directly into their bank accounts. The intent of the schemes is to offer financial aid to the students who are eligible, make education accessible and improve the condition of higher education across the state.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Objectives of Maharashtra Student Stipend Schemes

Given below are the main objectives of the Maharashtra Student Stipend Schemes:

Provide the students with financial support to pursue education.
Lower the financial issues that affect the continuity of education.
Focus on helping the students from the financially weaker and eligible categories.
To improve enrolment and retention rates in schools and colleges.
To provide clear disbursement of benefits through the DBT systems.
To provide equal access to education across social groups

These student stipend schemes are a part of the wider effort by the government to provide various benefits, including government life insurance schemes, to the needy.

Benefits of Maharashtra Student Stipend Schemes

Given below are the benefits of the Maharashtra student benefit scheme programmes:

It provides stipends and scholarships under different schemes to underprivileged and eligible students.
It supports the students in managing education-related expenses such as fees, accommodation or even study materials.
The funds and benefits are provided to the students through the MahaDBT website, which ensures direct transfer to the students’ bank accounts.
It can help cover students’ needs across the school, high secondary and other higher-level education levels if the scheme is eligible.
The schemes cover students from sections such as SC, ST, OBC, minority, and economically weaker sections.
It offers online applications, tracking and verification through a single platform.
Reduce dependency on manual processes through digital application systems

Maharashtra Student Stipend Schemes Eligibility Criteria

Given below are the eligibility criteria for the students under the schemes to provide a stipend for students in Maharashtra:

Criteria	Details
Eligible Beneficiaries	Students from Maharashtra
Residency Requirement	Must reside in Maharashtra
Academic Requirement	Must be enrolled in a recognised institution
Income Criteria	Applicable for certain schemes based on guidelines
Category Requirement	Includes students from SC, ST, OBC, minority, or other categories
Course Requirement	Differs between school, college, and higher education schemes
Implementing Authority	Government of Maharashtra

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

Application Process for Maharashtra Student Stipend Schemes

The application processes differ across schemes, so the application process given below is generalised to help you understand what the process can be for a Government stipend scheme for students in Maharashtra:

Go to the MahaDBT website
Provide your personal details and login
Fulfil your profile details, including academic and personal information
Browse through and select the relevant stipend or scholarship scheme
Fill out your application form
Upload required documents
Submit the application online
The application is verified by the concerned authorities
Approved benefits are transferred to the student’s bank account

Documents Requirement

Given below are the documents required to get a scholarship in Maharashtra:

Aadhaar Card
Residence Proof
Academic Certificates
Admission Proof
Income Certificate (if applicable)
Bank Account Details
Caste Certificate (if applicable)

Summing Up

The government of Maharashtra introduced the Maharashtra Student Stipend Schemes to provide financial aid to the students through the MahaDBT portal. The schemes are designed to cater to the financial needs and provide benefits such as study materials and other costs to the needy students. It is done to help improve the education access via defined eligibility and disbursal systems.

Different types of Plans

Term Insurance

View Plans

Life Insurance

View Plans

TROP

View Plans

Term Insurance For Senior Citizen

View Plans

Term Insurance For Spouse

View Plans

Term Insurance For Family

View Plans

Term Insurance For NRI

View Plans

List of Term Insurance Plan

View Plans

Life Insurance Corporation of India

View Plans

What is Term Insurance?

View Plans

Term Insurance Calculator

View Plans

1 Crore Term Insurance

View Plans

2 Crore Term Insurance

View Plans

Explore the popular searches and stay informed

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance 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

+On the basis of your profile

+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 410/month (Rs.14/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age rounded off to nearest 10

+Rs. 245 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 15/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 504/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 494/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 636/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 918/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,286/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 453/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.582/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 786/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,592/month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 525/month is the starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age.

+Rs. 668/month is starting price for a 2 crore term life insurance for an 25 year-old male, non-smoker, with no pre-existing diseases, cover upto 45 years of age.

+Rs. 1,200/month is starting price for a 2 crore term life insurance for an 35 year-old male, non-smoker, with no pre-existing diseases, cover upto 55 years of age.

+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 577/month is starting price for a 1 crore term life insurance for an 18 year-old Male, self employed, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.