Many families struggle financially to afford higher education or save for their daughters' weddings. The Ladli Laxmi Yojana, launched in 2007 by the Madhya Pradesh government to offer financial aid for daughters' education and marriage. The funds can be used by the girls for further studies or weddings, contributing to women's empowerment in the state.
Fixed Deposit
- Trusted by over 5 lakh customers
- Fixed Deposits worth more than Rs. 50,000 crore booked
- Rated CRISIL AAA/STABLE and [ICRA]AAA(STABLE)
- Special tenure of 18, 22, 33, 42 and 44 months offered for higher returns
- Up to 0.40% p.a. extra interest offered for senior citizens
- Flexible interest payout options available - Monthly, Quarterly, Half-yearly, Annually or at Maturity
By proceeding, you agree to our Terms and Conditions
What is Ladli Laxmi Yojana?
The Ladli Lakshmi Yojana, a flagship initiative of the Madhya Pradesh government, aims to uplift the status of girls by ensuring their well-being and empowering them through education and financial support. This comprehensive scheme addresses various aspects of a girl child's life, from birth to adulthood, by providing financial incentives at crucial junctures like school admissions and marriage. Through the Ladli Lakshmi Yojana, the government not only seeks to improve the health and education of girls but also to foster a positive social environment that celebrates the birth of a girl child and works towards a balanced child sex ratio.
Objectives of the Ladli Laxmi Yojana
The Ladli Laxmi Yojana was established with a multifaceted approach to address the challenges faced by girls in society and empower them for a brighter future. Its primary objectives include:
1. Improving the child sex ratio
The scheme aims to combat the declining child sex ratio by incentivizing families to celebrate and value the birth of a girl child.
2. Financial assistance for education
By providing financial aid at various stages of education, the Ladli Laxmi Yojana ensures that girls have access to quality schooling and higher education opportunities.
3. Health and nutrition support
The scheme emphasizes the importance of health and nutrition for girls by offering financial support for healthcare and nutritional needs.
4. Social awareness and advocacy
The Ladli Laxmi Yojana actively promotes social awareness campaigns to change societal attitudes towards girls and encourage their participation in various fields.
When was Ladli Laxmi Yojana launched?
The Ladli Laxmi Yojana was initiated in April 2007 under the leadership of the then Chief Minister of Madhya Pradesh, Shivraj Singh Chouhan. It is currently active in Uttar Pradesh, Delhi, Bihar, Chhattisgarh, Goa, and Jharkhand. This scheme offers benefits to girls born on or after January 1, 2006, in non-tax-paying families and female orphans.
Pro tip
Bajaj Finance launches a new variant, "FD Max", for investments upto Rs. 25,000 . Bajaj Finance is providing one of the highest interest rates of up to 8.85% p.a.for senior citizens and 8.60% p.a. for non-senior citizens , in this variant.
History of Ladli Laxmi Yojana
The Ladli Lakshmi Yojana, launched on May 2nd, 2007, by the Madhya Pradesh government under the leadership of Chief Minister Shivraj Singh Chouhan, is a pioneering initiative aimed at uplifting the lives of girls from economically disadvantaged backgrounds. Due to its immense popularity and positive impact, the scheme quickly garnered widespread acceptance and was adopted by several other states including Uttar Pradesh, Delhi, Bihar, Chhattisgarh, Goa, and Jharkhand. The Ladli Lakshmi Yojana primarily focuses on girl children born after January 1st, 2006, who belong to non-tax paying families or are orphans.
Benefits of the Ladli Laxmi Yojana
Here are some benefits of the Ladli Laxmi Yojana
- The government issues an assurance certificate of Rs. 1,43,000 in the girl child's name.
- Starting from registration, Rs. 6,000 is deposited annually for 5 years in the Ladli Laxmi Yojana account.
- Additional amounts are granted upon admission to various classes: Rs. 2,000 in 6th class, Rs. 4,000 in 9th class, Rs. 6,000 in 11th and 12th class respectively.
- An incentive of Rs. 25,000 is given in two equal instalments during the first and last year of a college or any other professional course of minimum 2 years.
- Upon turning 21, the girl receives the remaining amount of Rs. 1 lakh.
Also read: SSY Scheme
Application process for Ladli Laxmi Yojana
1. Online application process
Here’s how to apply for Ladli Laxmi Yojana online:
- Go to Ladli Laxmi Yojana’s official website and click "Apply for"
- Check the self-declaration and click "Proceed Further"
- Read and fill the form, then click "Save" to apply
- Attach scanned copies of mandatory documents with the form and click "Submit" to proceed to the next step in the selection process
2. Offline application process
Here’s how to apply for Ladli Laxmi Yojana offline:
- Obtain the Ladli Laxmi Yojana form from Anganwadi centers, gram panchayat, or municipal corporation
- Fill out the form and submit it along with required documents to the Lok Seva Kendra officer
- The application undergoes processing, and if approved, monetary benefits are directly transferred to the applicant's bank account
Eligibility for Ladli Laxmi Yojana
Here’s the Eligibility for Ladli Laxmi Yojana
General eligibility
- Date of birth: The girl child must be born on or after 1st January 2006.
- Anganwadi registration: The girl child must be registered at the local Anganwadi centre.
- Parental residency: Both parents must be native residents of Madhya Pradesh.
- Income tax: The parents must not be income tax payers.
- Family planning:
- For families with two or fewer children, family planning must be adopted after the birth of the second child.
- For the first child, family planning is not mandatory, but it is necessary for subsequent children to avail the benefits.
Special cases
- Orphaned girls: If both parents have passed away and the family has a maximum of two children, the girl child can be registered up to the age of five. However, if the surviving parent remarries and has two more children, the newly born daughter will not be eligible for the scheme.
- Multiple births: If three girls are born at once, all three are eligible for the benefits.
- Prisoner's children: Girls born to women prisoners are eligible.
- Rape victims' children: Girls born to rape victims are eligible.
- Medical exceptions: The District Collector can approve cases where family planning was not adopted due to health reasons, but this must be done within two years of the child's birth.
- Orphanage and adoption: Applications for orphaned or adopted girls must be made within one year of admission to the orphanage or adoption, and before the girl turns five.
The District Collector will review and approve or reject special case applications.
Also read: National Savings Scheme
Documents required for Ladli Laxmi Yojana
Here’s the list of documents required for Ladli Laxmi Yojana
- Samagra ID of girl child
- Girl child’s family ID
- Photo of the girl child with mother or father
- Family planning certificate (in case of a second girl child)
Who cannot avail the benefits of the scheme?
- Girl child who has dropped out of school
- Girl child who has married before reaching the age of 18
- Parents who haven't adopted family planning measures after the birth of their second child
Also read: Pradhan Mantri Vaya Vandana Yojana (PMVVY)
Fixed deposit variants
Conclusion
Ladli Laxmi Yojana is an essential program offering financial help for girls' education and weddings, promoting women's well-being. With a focus health, and education, the scheme provides valuable benefits, making it easy for eligible families to access support and create a better future for their girls.
Calculate your expected investment returns with the help of our investment calculators
Investment Calculator |
||
Frequently asked questions
The Ladli Laxmi Yojana offers a cumulative financial benefit of up to Rs. 1.43 lakh to eligible girl children through a combination of National Savings Certificates, scholarships, and direct cash transfers at different stages of their lives.
The scheme is open to girl children born in Madhya Pradesh who belong to families with an annual income below a specified threshold and have fulfilled the necessary registration requirements.
To be eligible, the girl child must have been born in Madhya Pradesh after January 1st, 2006 (or a later date as per subsequent revisions of the scheme).
Applications for the Ladli Laxmi Yojana can be submitted until the girl child reaches the age of one year.
The application form for the Ladli Laxmi Yojana can be obtained from Anganwadi centers or downloaded from the official website of the Women and Child Development Department of Madhya Pradesh. The form must be filled out accurately and submitted along with the required documents.
Yes, an adopted girl child in a family with two biological girl children can be eligible for the benefits under the Ladli Laxmi Yojana, provided she meets the other eligibility criteria.
The scheme is not applicable to all girls in Madhya Pradesh. It is designed to support girl children from families with lower incomes and those who are orphans.
- Girl children born before January 1, 2006.
- Girl children whose parents have not adopted family planning after the birth of their second child.
- Girl children whose parents are not native residents of Madhya Pradesh.
The Ladli Laxmi Yojana was launched in Madhya Pradesh on April 1, 2007.
Madhya Pradesh was the first state to implement the Ladli Laxmi Yojana.
No, the scheme is specifically for girls born on or after January 1, 2006.
Yes, the scheme is currently limited to the state of Madhya Pradesh. The girl child's parents must be native residents of the state.
No, the scheme is exclusively for girl children.
Parents with two or fewer children who have adopted family planning after the birth of their second child are eligible for the scheme.
Bajaj Finserv app for all your financial needs and goals
Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.
You can use the Bajaj Finserv App to:
- Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
- Invest in fixed deposits and mutual funds on the app.
- Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
- Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
- Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
- Shop from over 100+ brand partners that offer a diverse range of products and services.
- Use specialised tools like EMI calculators, SIP Calculators
- Check your credit score, download loan statements and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.