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Simran, Integrated Master of Science is also a degree course equivalent to M.Sc. It can be pursued after the higher secondary education. This integrated degree course is offered by many Universities in India nowadays. Some are also offering scholarships. It is getting popularity among many youngsters. The minimum educational qualification needed for this course is a pass in 12th or equivalent from any reputed institutes in related subjects. The minimum percentage required in qualifying examination will vary according to the universities and subject of study. Integrated M.Sc. is a five year program that includes theoretical and practical sessions. The career after Integrated M.Sc. seems to be very high. A number of industries recruit the candidates who have pursued their degree in Integrated M.Sc.
Only graduates can pursue M.Sc. whereas an intermediate student can study the integrated course.
The aspirants who have pursued B.Sc. have to study M.Sc. as a separate course for acquiring a post graduation whereas the students opting for integrated M.Sc. can directly run out to that level.

Manisha both English and Psychology are good options.
There are numerous career prospects available for Literature students. They can get jobs in India as well as overseas in a variety of fields.
Students of English Literature can get jobs with the media as reporters. It is also possible for them to get jobs with newspaper firms. If they have a degree in journalism, they can get jobs with news broadcasting firms like NDTV, CNN – IBN, Zee News, Star News Communication etc. Companies that print out Magazines as well as journals too take in students of English literature frequently. Content development and ITES firms also recruit English post graduates. Some of the other fields besides this are:
Copywriter
Editor
Freelance Writer
Jobs with BPO and KPO firms
Novelist
Public Relation
Reporter
Teacher
Technical Writer
Apart from these job prospects, students of English literature can also find jobs as independent literary critics, writing for print or online publications. They also have the option to start their own tuition centres for the English language.
There are many career options after doing Psychology. Psychology is the study of human behavior and mental processes. Psychologists study a person's reactions, emotions, and behavior, and apply their understanding of that behavior to treat the associated behavioral problems. Treatment is focused on therapy and counseling, rather than prescribing medications for a “quick fix.” It is also the psychologist's job to come up with an individualized treatment plan for each patient, and to modify it as necessary over time. Starting salary can vary between Rs.6,000-15,000 per month. As one establishes himself in the field and specializes in any of its branches, he can earn more (up to Rs.2 lakh per month.).
Many good private universities like LPU, Sharda, Manipal etc are offering different degrees in English as well as Psychology at nominal fees. They also offer world class environment to their students along with good placements. Some of these universities are also offering scholarships.
Check their websites for more details.
Good luck.