For an electric dipole in a uniform electric field, the torque \( \tau \) is given by:
\[
\tau = -pE_0 \sin \theta
\]
where \( p = ql \) is the dipole moment and \( E_0 \) is the electric field strength.
For small oscillations, the equation of motion is:
\[
I \frac{d^2\theta}{dt^2} = -pE_0 \sin \theta
\]
Approximating \( \sin \theta \approx \theta \) for small angles, we get a simple harmonic oscillator equation:
\[
I \frac{d^2\theta}{dt^2} = -pE_0 \theta
\]
The time period \( T \) of oscillation for a dipole is:
\[
T = 2\pi \sqrt{\frac{I}{pE_0}}
\]
where \( I = \frac{1}{2} m l^2 \) is the moment of inertia of the dipole about its center. Substituting \( I \) and \( p = ql \), we get the time period:
\[
T = 2\pi \sqrt{\frac{ml}{2qE_0}}
\]
Thus, the correct answer is \( 2\pi \sqrt{\frac{ml}{2qE_0}} \).