Canara Bank Develops Portal for Implementation of NSIGSE
Asia and Middle East's First & Only Monthly Magazine, Web Portal on Innovation in Education
K-12

Canara Bank Develops Portal for Implementation of NSIGSE

Views: 710

Dr D Purandeswari, Minister of State for Human Resource Development has launched a web portal for implementation of the National Scheme of Incentive to Girls for Secondary Education (NSIGSE) . Also present were Smt. Anshu Vaish, Secretary, Department of School Education & Literacy and Shri A.K. Gupta Executive Director, Canara Bank.

The Centrally Sponsored Scheme ‘National Scheme of Incentive to Girls for Secondary Education” was launched in May 2008 with the objective to establish an enabling environment to reduce the drop-outs and to promote the enrolment of girl child belonging mainly to SC/ST communities in secondary schools. As per the scheme, a sum of Rs. 3,000 is deposited in the name of eligible girls as fixed deposit, who are entitled to withdraw it along with interest threon reaching 18 years of age and after passing out in 10th class examination. The scheme covers (i) all girls belonging to SC/ST communities , who pass class VIII and (ii) all girls who pass VII examination from Kasturba Gandhi Balika Vidyalayas (irrespective of whether they belong to SC/ST) and enroll in class IX in Government, Government –aided and local Body schools. 100% funds are provided by the Central Government for the Scheme. Canara bank is the implementing agency for the scheme.

Sanctions covering 843026 girls from 26 states/UTs have so far been issued since launch of the scheme in May 2008 involving an expenditure of Rs 252.90 crore. Approximately 105000 beneficiary girls have become eligible to receive the maturity amount and are being paid the incentive amount subject to fulfilling the conditions.

The Canara Bank has developed a web based portal to implement the scheme. The portal will facilitate on line submission of data of the beneficiaries and on line disbursement of the amount on the day of the maturity into their accounts directly after certification by the State Nodal Officer on line that the beneficiary is 18 years old and passed class X examination.

With the operationalization of the web portal, the proposals under the scheme will be submitted by the State Governments on line. This will eliminate the possibility of feeding incorrect data and bank account numbers which was the major cause for delay in the processing of the proposals and ensure error free entry of data and timely release of funds. The on-line system will also ensure total transparency and quicker disbursement of benefits to the beneficiary girls and on time submission of proposals by the State Governments.

Most Popular

To Top