The Mann Deshi Foundation of Satara, has very recently come up with the scheme for girls to pursue education beyond Std VIII. The Foundation works towards the empowerment of rural women.
Under the scheme, a girl can open a bank account on which the bank will add five percent interest as well as deposit five percent of the cumulative savings and interest earnings as its contribution.
The only thing required is that each account will have to be opened in the Mann Deshi Mahila Cooperative Bank, part of the foundation. Also the guardians of the beneficiary girl will have to decide on a certain amount which they will be depositing periodically.
The good part is that a meager amount as small as rupees fifty will also be accepted by the bank. Any girl studying in std eighth can join the scheme.
Also, once the girl clears the Secondary School Certificate examination, she can with ease withdraw money from the account for further education. And if the family wishes to continue depositing the money and use it for her under-graduate studies, that can be done too.
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