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of <h1>Educational Scholarships Scheme Extended for U.V. Patel Foundation Under Section 35AC of Income-tax Act for Three More Years</h1> The Central Government has extended the eligibility of the U.V. Patel Foundation's scheme for educational scholarships and grants in Gujarat and Maharashtra under Section 35AC of the Income-tax Act, 1961. Initially specified in 1998 and extended in 1999, the project is now approved for an additional three years starting from the assessment year 2002-2003. The National Committee confirmed the project's proper execution and recommended the extension. The scheme is estimated to require a corpus fund of 2.88 crore rupees.
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