Namo Lakshmi Yojana Gujarat 2024-25 Eligibility, Amount, Apply Online | Check Namo Laxmi Yojana Details

Gujarat government has announced to start implementation of Namo Lakshmi Yojana 2024 soon. Under this scheme, the state govt. will provide financial assistance of Rs. 50,000 to girls in class 9th to 12th. The main objective is to target universal enrolment in secondary education by offering financial aid. Read this article till the end to know eligibility, amount and other aspects regarding the scheme. 

Also Read - Namo Saraswati Yojana Apply Online

Namo Lakshmi Yojana in Gujarat Budget 2024-25

Finance Minister presented Gujarat Budget 2024-2025 on 2 February 2024 in which FM announced to start 2 new schemes namely Namo Saraswati and Namo Lakshmi Yojana. While "Namo Saraswati Yojana" aims to encourage students to pursue science stream education, "Namo Lakshmi Scheme" targets universal enrolment in secondary education by offering financial assistance to girls up to class 12th.

Under the Namo Lakshmi Yojana, adolescent girls studying in government, granted and private schools from classes 9 to 12 will be given Rs 50,000 over the four years - Rs 10,000 annually in classes 9 and 10, and Rs. 15,000 per year in classes 11 and 12 - to complete their education.

Also Read - Namo Shri Yojana Apply Online

Objective of Namo Lakshmi Yojna 2024

The main aim of this scheme are to increase enrolment, to reduce dropouts, and also to improve the nutritional status of adolescent girls. Moreover, with the implementation of this scheme, the state will be able to achieve universal enrolment in secondary education just as the state has achieved universal enrolment in primary education. The government has set aside Rs. 1,250 crore in the upcoming financial year for the scheme. The scheme is to benefit around 10 lakh girls studying in classes 9 to 12 in government, aided and private schools.

Amount Distribution under Namo Lakshmi Scheme in Gujarat

According to the education department, Rs. 10,000 per annum for class 9 and 10 will be disbursed as Rs. 500 monthly for 10 months based on attendance. The balance 50% will be credited to the account after they clear the Class 10 board exam.

Similarly, Rs 15,000 per annum for classes 11 and 12 will be transferred in monthly instalments of Rs 750 for 10 months based on attendance, while the remaining 50% will be credited to their accounts after they clear the Class 12 board exam.

Eligibility Criteria for Namo Lakshmi Yojana in Gujarat

• All girls who have completed Class 8 and enrolled in Class 9 in government and aided schools will be covered under the scheme. 
• However, for girls in private schools, the government has set a family income cap of Rs. 6 lakh per annum.

It is worth noting that Namo Lakshmi Yojana will be available as an additional benefit to the students covered under Namo Saraswati Merit Scholarship.

Salient Features of Namo Lakshmi Yojna

1. Girls studying in Class 9th and Class 10th will get Rs. 10,000 assistance per annum.
2. Girls studying in Class 11th and Class 12th will get Rs. 15,000 assistance per annum.
3. Thus, each girl will get a total amount of Rs. 50,000 over the duration of 4 years i.e class 9th to 12th.
4. To avail Namo Lakshmi Yojana benefit, all girls who have completed Class 8th and enrolled in Class 9th in govt/govt-aided schools will be covered. 
5. But for girls in private schools, the government has set a family income cap of Rs. 6 lakh per annum.
6. The government has set aside Rs. 1,250 crore in the upcoming financial year for the Namo Lakshmi scheme. 
7. The scheme is to benefit around 10 lakh girls studying in classes 9 to 12 in government, aided and private schools. 

Meanwhile, the allocation for the education sector, comprising school, and higher and technical education, has seen a gradual rise over the past seven years. With Rs. 55,114 crore set aside for the sector, the allocation has nearly doubled from the Rs 27,500 crore provisioned in the 2018-19 budget.

The budget for school education under the sector has also risen over the same period, with the current allocation more than double of that in the 2018-19 budget. The school education budget has increased from Rs 23,897 crore to Rs 49,295 crore in the past seven years.

Namo Lakshmi Yojana Apply Online

Note that as the scheme has just been announced, there is no official Namo Lakshmi yojana apply online process. As soon as any update is available, we will update it here.

*IMG Credits - https://cmogujarat.gov.in/en/state-budget-2024-2025