Delhi Ladli Scheme for Empowering the Girl Child

The Delhi Ladli Scheme was inaugurated on January 1, 2008, by the Department of Women and Children Development, Government of the National Capital Territory (NCT) of Delhi, to empower girl children born in Delhi. The Scheme's Fund Manager is State Bank Life Insurance Co. Ltd. (SBIL). Financial aid is offered in the form of term deposits: ₹ 11,000/- if born in a hospital or ₹ 10,000/- if delivered at home at the time of registration, and ₹ 5,000/- each in the following five milestones: Class 1st, 6th, 9th, 11th, and 12th.

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Disclaimer: #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 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Objectives of the Scheme 

The Delhi  Ladli Scheme aims at bringing up the girl child within a conducive environment where  gender equality and social inclusion become possible. The main objectives of this girl child plan include:

  • Empower the girl child socially and economically.

  • Encourage the registration of female children at birth.

  • To reduce female foeticide and increase the sex ratio.

  • To abolish discrimination against girls.

  • To enhance females' education and lower their school dropout rate.

  • To give protection to female students pursuing higher education.

Benefits

Financial aid is offered in the form of term deposits approved at the following stages:

  • Institutional delivery costs 11,000/- (for girls delivered in the last year).

  • Delivery at home costs 10,000/- (if the girl was born within the last year).

  • Admission fees: 5,000/- for Class 1st, 6th, 9th, 10th, and 12th.

The maturity amount at the end of the lock-in term will vary based on when each girl kid enters and registers in the plan.

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Eligibility Criteria for the Girls Empowerment Scheme 

The scheme has distinct eligibility criteria to ensure such assistance reaches only those who require it. These include:

  • According to the birth certificate from the Registrar (Births & Deaths), MCD/NDMC, the girl should have been born in Delhi.

  • The applicant must have lived in Delhi, the National Capital Territory, for at least three years prior to the girl child's birth.

  • A family's annual income shouldn't be more than ₹1,00,000.

  • If a female is enrolled in school, the Delhi government, MCD, or NDMC must acknowledge her school.

  • Only two surviving daughters per household are eligible for the scheme's benefits.

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Offline Application Process

The prescribed District Women and Child Development Officer, WCD, Government of Delhi, or the Government-Recognized Schools can provide the required application form. Delhi The Ladli Yojana Application Form is also available for download in PDF format.

The applicant can deliver the completed and signed application form and the necessary paperwork to the relevant District Office. The school-age girl must turn in the form within ninety days of her admittance and by the newborn girl within a year of her birth.

Unique Triple Benefit
  • Future premiums paid by insurer on parent's death
  • Monthly income to fund child's education on parent's death
  • Lumpsum payout to family on parent's death
Returns
  • Return as of Apr 2024
  • 12%-15%
  • 8.2%
  • 7.1%
Availability
  • Availability
  • Girl Child or Boy Child
  • Girl child only
  • Girl Child or Boy Child
  • Max Entry Age
  • Upto 18 years
  • Upto 10 years
  • No Age Limit
Flexibility
  • Invested Amount can be Withdrawn after
  • 5 years
  • 21 years
  • 15 years
  • Conditions for Premature closure
  • Anytime after 5years
  • Extreme Compassionate Grounds
  • Serious Ailments or for education
  • Penalty on Premature Closure
  • No Penalty after 5 years
  • Returns reduced to Post Office Savings rate
  • 1% reduction in interest rate
  • Max deposit amount in an year
  • No Limit
  • 1.5 Lacs
  • 1.5 Lacs
Documentation
  • Documentation Required for Withdrawal
  • Low
  • High
  • Low
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Required Documents

The applicants should provide specific documents to assure transparency and qualify for eligibility for this Government Scheme for Girl Child are listed below:

  • Proof of residency in Delhi for three years is required before registration.

  • Affidavit or Income Certificate proving the family's yearly income.

  • The girl child's birth certificate is issued by the MCD/NDMC Registrar.

  • Parents with the girl child in a group portrait.

  • Caste certificate for OBC, SC, and ST individuals.

  • If available, a copy of the child's and parents' Aadhar cards.

The Ladli Scheme of the Delhi Government is a potent initiative to provide for the well-being and education of girls from economically weaker sections. Financial support at important milestones in their lives will empower these girls to grow. This step will have a significant impact on improving gender equity and helping families plan a better future for their daughters.

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FAQs

  • What is the overall aim of the Delhi Ladli Scheme?

    The overall goal is to offer girl children social and economic strength by providing them monetary help along with support through education so that gender equality is brought about and female foeticide is eradicated.
  • How do the monies of the Delhi Ladli Scheme work?

    Monies for the scheme are managed by State Bank Life Insurance Co. Ltd. (SBIL).
  • What monetary aid is received upon birth under the scheme?

    ₹11,000 is given for institutional delivery and ₹10,000 for home delivery as a financial incentive.
  • What are the education-related milestones for which financial incentives are given?

    ₹5,000 is provided when the girl child studies in Class 1, 6, 9, 11, and 12.
  • What is the family income limit for eligibility under this scheme?

    The annual income of the family should not exceed ₹1,00,000 to become eligible for the scheme.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
^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%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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