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6000 FDs opened since the launch of 'Ladli' scheme

business Updated: Jul 13, 2008 21:19 IST
Six thousand FDs opened since the launch of 'Ladli' scheme

In the last four months since the launch of the 'Ladli' scheme, Delhi government has opened 6,000 fixed deposit accounts in the name of the girl child making them eligible for availing Rs one lakh when they turn 18.

The accounts have been opened with the State Bank of India, which would give maximum interest on the deposit while 25,000 forms are under process.

In March, the government had launched the "Ladli scheme with an aim to curb female foeticide and enhance the social status of the girl child by promoting their education and protecting them from discrimination and deprivation.

As per the scheme, the interest on the amount would be deposited in the girl child's account at different stages by the government.

This would pave the way for accumulation of a deposit of up to Rs one lakh which would become payable to the girl child on attaining the age of 18 years and passing out of Class X.

The government has also decided to enhance its contribution to Rs 10,000 on the birth of the girl child.

"It would also contribute Rs 5,000 each on her admission to Class 1, Class VI, Class IX, Class X and Class XII.

For availing of the scheme, the girl should be born in Delhi on or after January 1, 2008 and the parents of the girl child should not exceed Rs 1 lakh," the official explained.

"In the first phase to be end by August 15, we have target to collect 30,000 forms which are being distributed among parents through schools as well area MLAs.

It's the government's effort to check female foeticide and consequently balance the skewed sex ratio in the city," the official added.