•The funds may be released to the State/ UT Governments in two installments in every year. The 1st installment will be released immediately on receipt of the proposal. The 2nd installment may be released only after the receipt of utilization certificate of 1st installment and progress report from the respective State/ UT Government.
•The application will be verified particularly with reference to birth certificate issued by the School Head based on enrollment record.
•An account will be opened in the name of the beneficiary in the nearest public sector bank or in a post office by the implementing agency (State/ UT Governments or the autonomous organizations, as the case may be) and the amount deposited in a Fixed / Term Deposit.
•A passbook or a certificate would be given to the student, which will also identify her as a beneficiary of the scheme.
•The beneficiary will have to continue her study at least for two years in the secondary school after her enrollment in Class IX in order to avail the benefit under the scheme. The Principal/ Head of the school will furnish a certificate to this effect.
•To be eligible to draw the matured amount a pre-condition would be for the beneficiary to pass class X Board examination successfully.
•On attaining 18 years of age and production of
•10th class pass certificate and
•A certificate from the Principal / Head of the school that the girl beneficiary has continued her study for at least two years after enrolment in Class IX the implementing agency will authorize the bank to transfer the matured amount in the interest bearing account to the savings account in the name of the girl beneficiary.
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