Ladli Beti Scheme
About Ladli Beti Scheme
A social assistance scheme sponsored by the Jammu & Kashmir Government for newborn girl child of the Union Territories of J&K and Ladakh born on or after 01/04/2015. The objective of the scheme is to arrest the declining female sex ratio. The scheme further intends to ensure that the girl child does not become a burden for the parent or guardian at the time of her marriage. The scheme is a hybrid deposit plan having two phases:
Phase I: A recurring deposit for 14 years having a date of completion as one month after the last installment received in the account.
Phase II: A Cumulative Term Deposit (CCR) for 7 years.
After the maturity of Phase I (recurring deposit account) the account will graduate to Phase II (Cumulative Term Deposit account). The monthly contribution of ₹1000/- in Phase-I is made by the J&K Govt. The annual income of the parents from all sources should be less than ₹75,000. The required documents are the Application Form, KYC Norms of the Parent/ Guardian, and the sanction letter from the CDPO (Child Development Project Officer).
Who is Eligible
- The girl child should have been born on or after 01/04/2015.
- The annual income of the parents of the girl child from all sources should be less than ₹75,000.
- The girl child and her family should be residents of Jammu & Kashmir.
Frequently Asked Questions
- What is the age criteria for Ladli Beti Scheme?
The age criteria for the purpose of the Ladli Beti Scheme is that the girl child should have been born on or after 1st April 2015.
- What are the objectives of Ladli Beti scheme?
The objective of the scheme is to arrest the declining female sex ratio. The scheme further intends to ensure that the girl child does not become a burden for the parent or guardian at the time of her marriage.
- Who should be opening the Recurring deposit account under this scheme?
The Recurring deposit account under this scheme shall be opened by the natural or legal guardian of the girl child.
- What would be the contribution from the State/UT Government?
A contribution of Rs. 1000/- per month will be made by J&K Government from the birth of the girl child/account opening date for the next 14 years. (A total of Rs. 168000/- only will be contributed by the UT.)
- Other Than the Monthly Contribution Of Rs. 1000/-, are there any other credits allowed In Phase I (RD Account)
No credits other than monthly contribution of Rs. 1000/- by J&K Government is to be allowed in Phase I (RD Account)
- Are partial drawls or Foreclosures allowed under Ladli Beti Scheme?
No partial drawls or Foreclosure will be allowed under any circumstances during any phase.
- When will the maturity benefits be paid to the beneficiary?
Maturity benefits under the scheme will be paid to the beneficiary on completion of 21 years of age or 21 years after the first installment or 85 months after the last installment whichever is later by crediting the saving bank account of the girl child. However, the girl child is at liberty to reinvest the amount in any deposit plan of the bank at card rates.
- Is Nomination Facility available In this Scheme?
Nomination facility will not be applicable in scheme. In an unfortunate event of the death of the girl child, the account will be closed immediately and the balance amount along with interest accrued will revert to the Union Territories of J&K and Ladakh;
- Can The Account Opened At A Particular Branch May Not Be Transferred To Any Other Branch?
The account opened at a particular branch may not be transferred to any other branch even if the girl child in whose name the account stands shifts to a place other than the city or locality where the account stands.
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