The Pradhan Mantri Matru Vandana Yojana (PMMVY), launched in 2017, is a maternity benefit program by the Government of India. It aims to provide financial assistance and improve the health of pregnant women and lactating mothers belonging to socially and economically backward sections of society.
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Invest ₹10k/month your child will get ₹1 Cr# Tax-Free* on Maturity
Key Information | Details |
Starting Date | January 1, 2017 |
Functional Area | All districts of India |
Beneficiary | Pregnant women and lactating mothers belonging to socially and economically disadvantaged sections |
Benefit | Cash incentive: â‚ą5,000 (1st child, 2 installments) or â‚ą6,000 (2nd girl child, 1 installment) |
Financial Assistance:
Cash incentive of â‚ą5,000 for the first child, paid in two installments.
Cash incentive of â‚ą6,000 for the second child (if a girl), paid in one installment.
Improved Maternal and Child Health:
Encourages prenatal checkups and complete immunization for the child.
Provides financial support during pregnancy and lactation.
Reduced Wage Loss: Helps compensate for income lost due to pregnancy and childcare.
Improved Nutrition: The financial assistance can be used to improve the nutrition of the mother and child.
Empowerment of Women: Provides financial security and encourages participation in the formal workforce.
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The applicant must be a pregnant woman of at least 19 years of age.
She should be employed and facing wage loss due to pregnancy.
The scheme is applicable only for the first live birth.
Eligible beneficiaries can apply within 270 days from the child's birth.
If a beneficiary delivers twins/triplets/quadruplets in her second pregnancy, with one or more girls, she will receive incentives for the second girl child as per PMMVY 2.0 norms.
Criteria for determining socially and economically disadvantaged sections include:
Women belonging to scheduled castes and scheduled tribes.
Women who are partially (40%) or fully disabled (Divyang Jan).
Women holding BPL Ration Cards.
Women beneficiaries under Pradhan Mantri Jan Aarogya Yojana (PMJAY) under Ayushman Bharat.
Women holding e-Shram cards.
Women farmers beneficiaries under Kisan Samman Nidhi.
Women holding MGNREGA Job Cards.
Women whose net family income is less than Rs. 8 lakh per annum.
Pregnant and lactating AWWs/AWHs/ASHAs.
Women holding Ration Cards under NFSA Act 2013.
Any other category as prescribed by the Central Government.
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Aadhaar Card
Aadhaar Mapped Bank/Post Office
Bank Account Details
Eligibility Proof
MCP/RCHI Card
LMP (Last Menstrual Period) Date
ANC (Antenatal Care) Date
Child Birth Certificate
Child Immunization Details
Women with a net family income below â‚ą 8 Lakh per annum.
Women holding MGNREGA Job Card.
Women farmers benefiting from Kisan Samman Nidhi.
Women with an e-Shram card.
Women beneficiaries under Pradhan Mantri Jan Aarogya Yojana (PMJAY) or Ayushman Bharat.
Women holding BPL ration cards.
Partially (40%) or fully disabled (Divyang Jan) women.
SC Women.
ST Women.
Pregnant and lactating Auxiliary Nurse Midwives (ANMs), Accredited Social Health Activists (ASHAs), or Anganwadi Workers and Helpers.
Women beneficiaries with ration cards under the National Food Security Act (NFSA), 2013.
Mandatory Aadhaar verification and Aadhaar-based payment systems during registration.
Mobile number is mandatory for receiving updates on application status and fund disbursement.
Introduction of a mobile app for registration under the Pradhan Mantri Matru Vandana Yojana (PMMVY) for ease of access and application process.
Step 1: Visit the official website of the Ministry and locate the "Citizen login" tab.
Step 2: Enter your mobile number and verify it through the provided process.
Step 3: Fill in your Full Name, State, District, Area, Block, Village, and your relationship with the beneficiary.
Step 4: Click on the "Create Account" button to proceed.
Step 5: Once your account is successfully created, return to the main homepage of the website and click on the "Login" tab.
Step 6: Enter your User ID, Password, and the Captcha code provided.
Step 7: After logging in, locate and click on the "Data Entry" tab.
Step 8: From the options available, select "Beneficiary Registration".
Step 9: Fill in all the required personal details on the Beneficiary registration page accurately.
Step 10: Choose the appropriate option indicating whether you are applying for the scheme for the First Child or the Second Child.
Step 11: Double-check all the entered information to ensure accuracy and completeness.
Step 12: Once all the form details are completed, click on the "Submit" button to finalize your application.
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The Pradhan Mantri Matru Vandana Yojana is a significant initiative to improve maternal and child health, empower women, and bridge the gap in financial security for expecting mothers from underprivileged backgrounds. By providing financial assistance during pregnancy and lactation, PMMVY encourages essential healthcare practices and empowers women to make informed choices for their well-being and their children's future.
†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.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^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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