Kanya Kosh Scheme

Kanya Kosh Scheme is a step taken by the State Government of Haryana in the direction of the welfare and development of the girl child.

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Let us learn about this scheme in detail in this article.

What is Kanya Kosh Scheme?

Kanya Kosh Scheme is a flagship child plan launched by the Haryana Government under the Ministry of Women & Child Development (MoW&CD) in 2016.

The scheme aims to provide financial assistance to the parents of a girl child (kanya) belonging to the Economically Weaker Sections (EWS) of the society. Under this scheme, the government opens a savings account (kanya kosh) with a contribution of Rs. 5000 when a girl child is born.

Features of Kanya Kosh Scheme

Let us learn the key features of Kanya Kosh Scheme in the table below:

Features	Details
Launched By	State Government of Haryana
Managed by	Ministry of Women & Child Development (MoW&CD)
Scheme for	Girl Child from (Kanya) from the EWS section of the society
Type of Kanya Kosh Account	Savings Account (Kanya Kosh)
Contribution by the State Government	Rs. 5000 when a girl child is born Up to Rs. 21,000 in period of 5 years
Maturity Amount	The fund becomes Rs. 1 lakh by the time the girl child attains 18 years of age The girl child must have cleared Class 10th and 12th exams
Contribution by Parents/Guardian	Parents can also contribute to the Kanya Kosh Account directly from their bank account
Scholarship for Higher Education	Scholarships are provided for higher education to the girls who have passed Class 12th exam
Objectives of the Kanya Kosh Scheme	Education of the girl child (Kanya) Healthcare expenses of the girl child Marriage expenses for the girl child (Kanya) Improve female Child Sex Ratio (CSR)
Awareness Campaigns	Kanya Kosh Scheme spreads awareness for: Education and welfare of the girl child Women Empowerment Gender Equality Awareness of healthcare and nourishment of women

Eligibility Criteria for Kanya Kosh Scheme

The benefits of the Kanya Kosh Scheme can be availed by families falling into the eligibility criteria mentioned below:

Eligibility Criteria for Girl Child *(Kanya)*	Eligibility Criteria for Parents/Guardian
Resident Citizen in the State of Haryana Age below 18 years Enrolled in Government Schools of Haryana Belongs to the Economically Weaker Section (EWS)	Resident Citizen in the State of Haryana Belongs to the Economically Weaker Section (EWS)

Documents Required

The list of documents mandatory while applying for the Kanya Kosh Scheme is as follows:

Birth Certificate of the girl child
Bank Account Details of the girl child
School education certificate of the girl child
Aadhar Card of the Girl Child (Kanya)
Aadhar Card of the Parent/ Guardian
Income certificate of the Parent/ Guardian
Photo Ration Card of family

People also read: Sukanya Samriddhi Yojana

How to Apply for Kanya Kosh Scheme?

The parent/ guardian can follow the steps mentioned below to apply for the Kanya Kosh Scheme:

Step 1: Contact the Department of Women & Child Development/ Social Welfare Department/ District Collector’s Office of the resident state to apply for the scheme

Step 2: Get the application form for Kanya Kosh Scheme from the relevant authority

Step 3: Duly fill out the application form with the necessary details

Step 4: Submit the application form along with the required documents

Step 5: Upon verification of all the documents, the application gets approval from the government

Once the application gets approved, financial assistance as declared by the specific state gets transferred to the Kanya Kosh Account of the girl child.

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Benefits of Kanya Kosh Scheme

The major benefits of joining the Kanya Kosh Scheme are as follows:

Financial Assistance to Family

The scheme provides financial assistance in the form of Kanya Kosh (fund) to economically weaker families for the education and welfare of their girl child. This fund can help cover the expenses of school fees, books, uniforms, and other education-related expenses.
Encourages Education of Girl Child

The scheme provides a financial net (Kanya Kosh) to encourage the girl child to gain quality education till she attains 18 years of age maturity.
Women Empowerment

The Kanya Kosh Scheme seeks to empower girls by providing them with financial assistance for education, healthcare, and other opportunities.
Decreases Gender Discrimination

Supporting economically weak families financially helps in reducing the Child Sex Ratio (CSR) gap and removing gender discrimination by promoting girl-child education.
Spreads Awareness for Gender Equality

The various campaigns of the Kanya Kosh Scheme aim to spread awareness about the importance of the education and welfare of the girl child.
Monitoring & Evaluation of Scheme

Various agencies and government institutions monitor and evaluate the implementation of the scheme to ensure its effectiveness and impact.

To Sum Up

The Kanya Kosh Scheme is a small yet significant step towards promoting the education and welfare of the girl child. It has proven as a successful initiative in addressing the issue of gender inequality and lower Child Sex Ratio in India.

FAQ's

What is Haryana Kanya Kosh?

Haryana Kanya Kosh Scheme is a state-level initiative launched by the Government of Haryana in 2016. The scheme provides financial assistance of up to Rs. 21,000 in the Savings Account of the girl child belonging to economically weaker sections of society.
What is the Ladli Lakshmi Scheme in the State of Haryana?

Ladli Lakshmi Yojana is a social welfare initiative launched by the State Government of Haryana in 2006 for the education and empowerment of women in society. An amount of up to Rs. 21,000 is paid to the Kanya Kosh Account of the girl child till she attains the age of maturity of 18 years.
How does the scheme benefit the girl children of Haryana?

The benefits for a girl child offered by the Haryana Government through Ladli Lakshmi Yojana:
Rs. 5,000 annually Up to a sum of Rs. 21,000
Paid to the Kanya Kosh Account of the girl child
In a period of 5 years from the year of her birth
What is the age limit for Kanya Kosh Scheme?

The age limit to join the Kanya Kosh Scheme is from birth till she attains the maturity age of 18 years.

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^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
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