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Top Government Schemes for Your Daughter’s Financial Future

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  • Post published:November 14, 2023
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Government Investment Schemes for Your Daughter

Investing in your child’s financial future is crucial to securing a prosperous life. Governments, both at the central and state levels, have introduced various schemes to support the education, well-being, and empowerment of girl children. In this article, we will delve into five government schemes designed to provide financial assistance and incentives for the holistic development of your daughter.

  1. Sukanya Samriddhi Yojana (SSY):

Sukanya Samriddhi Yojana, backed by the Union government, stands as a beacon for parents looking to secure their girl child’s financial future. This small savings scheme allows parents to open an account anytime between the birth of the girl and her 10th birthday, with a minimum deposit of Rs 250. Subsequently, a yearly contribution ranging from Rs 250 to Rs 1.5 lakhs can be made. The account remains operational for 21 years, providing flexibility for education expenses with a partial withdrawal option after the girl turns 18. The current interest rate stands at 8% per annum, subject to quarterly revisions by the government.

  1. Balika Samridhi Yojana:

Targeted at girl children in families below the poverty line (BPL), the Balika Samridhi Yojana offers various benefits, including a post-birth grant of Rs 500 and an annual scholarship based on the girl’s class. Implemented by state governments, the scheme focuses on education and social upliftment. Eligibility criteria include belonging to BPL families and being born after 15th August 1997, with benefits restricted to two girls per household.

  1. UDAAN CBSE Scholarship Program:

Launched by the Central Board of Secondary Education (CBSE), UDAAN addresses the low enrollment of female students in prestigious engineering institutions. Under the Ministry of Human Resource Development (MHRD), this scholarship program targets female students in Class XI, emphasizing merit-based selection, academic achievement, and financial need. The scheme includes free course study materials and prepares students for engineering entrance exams. To be eligible, students must maintain a minimum of 70% marks in Class X, and the annual family income should be less than Rs 6 lakhs.

  1. National Scheme of Incentives to Girls for Secondary Education:

Introduced by the Union government in 2008, this scheme aims to incentivize the enrolment and retention of girls from SC/ST communities in secondary education. Eligible girls receive a fixed deposit of Rs 3,000 upon enrolling in Class IX, which can be withdrawn with interest upon turning 18 and passing the Class X examination. The scheme is accessible through the National Scholarship Portal (NSP), ensuring streamlined scholarship disbursement.

  1. State Government Schemes:

Several states, including Delhi, Maharashtra, Bihar, Uttarakhand, Rajasthan, and West Bengal, offer state-specific schemes supporting girl children. Examples include the Delhi Ladli Scheme, Mukhyamantri Kanya Suraksha Yojana in Bihar, and Kanyashree in West Bengal, providing financial assistance from birth through higher education.


These government schemes not only provide financial support but also contribute significantly to the empowerment and upliftment of girl children. Parents should explore these opportunities to secure their daughters’ futures and ensure they have access to quality education and a foundation for a prosperous life.


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