Business Standard
The Delhi government has rolled out the 'Lakhpati Bitiya Yojana', aimed at supporting the education and long-term financial security of the girl child through phased financial assistance from birth till higher education. In a gazette notification issued on March 30, the Department of Women and Child Development detailed the 'Delhi Lakhpati Bitiya Scheme Rules', which came into force from Wednesday. The new scheme replaces the Ladli Scheme. Under the scheme, financial assistance of up to Rs 61,000 will be provided to eligible beneficiaries in instalments linked to key educational and age-related milestones, and it will mature to Rs 1.20 lakh with interest. The financial assistance will be deposited at various stages beginning at birth and continuing through school and higher education, including diploma and graduation courses. The amount will be released in instalments but will be encashable only after the girl attains 18 or 21 years of age, depending on the milestone, it ...
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