The Beti Bachao Beti Padhao Yojana (BBPY) is a scheme in which the government of India plans to encourage citizens to save money by making deposits to the National Bank of Agriculture and Rural Development. It is a non-interest-bearing scheme, and it has a minimum deposit of 500 rupees. Eligibility is very strict, so you must make sure that you meet the requirements before you sign up.
Eligibility
Beti Bachao, Beti Padhao Yojana is a national initiative launched by Prime Minister Narendra Modi in 2015. It aims at generating awareness about the importance of girl child and her welfare. The scheme aims to address the declining child sex ratio and also encourages the parents of girls to save money for their daughters’ education.
In order to qualify for Beti Bachao, Beti Padhao, the applicant must have a girl child. She must be a resident of India. To apply for the scheme, the applicant must have a bank account with a local branch. After opening the account, he must deposit a certain amount every month.
The Government of India launched this ambitious BBBP (Beti Bachao, Beti Padhao) scheme in Panipat, Haryana on January 22, 2015. This is an initiative to address the discrimination against women and girl children in our society.
The Beti Bachao, Beti Padhao campaign aims at ensuring that the girl child’s welfare services are delivered efficiently. By spreading awareness about the issue, it improves the quality of women’s welfare services.
The Beti Bachao, Beti Padhao Yojana is aimed at preventing child marriages and female infanticide. It provides financial assistance to the girl child, as well as her parents, for her education.
Fund allocation
The Beti Bachao Beti Padhao Yojana is a social welfare scheme that focuses on the empowerment of girl children. It includes multi-sectoral interventions and media and advocacy outreach campaigns. Since the launch of the scheme, female infant mortality rates have reduced drastically. However, the scheme faces some shortcomings. These include inefficient fund allocation and ineffective state utilization.
According to a report tabled by the Committee on Empowerment of Women in the Lok Sabha, central government funds under the BBBP scheme are not being utilized effectively. The committee questioned the state governments for their misuse of funds. Among other issues, the committee cited the lack of disaggregated information on spending.
Several states have not developed online mechanisms for the registration of girls, or for the maintenance of records. The nodal ministry should ensure that the funds are being used properly. They should also review the meetings of state task forces and monitor the performance.
Besides, the committee suggested the ministry to release the money to the states on the basis of their utilisation. Moreover, the ministry should provide necessary financial provisions to the BBBP scheme.
As per the committee, the total budget allocated for the health scheme was INR 848 crore. But, the scheme was not fully implemented in the last two years. Nevertheless, the C&AG made mention of the fact that the government has taken steps to expand the scheme.
Minimum deposit
The Beti Bachao Beti Padhao Yojana is a scheme aimed at improving the survival rate of girl children. It is spearheaded by the Ministry of Women and Child Development. This campaign is also aimed at increasing women’s empowerment. Moreover, it is a comprehensive scheme that addresses a variety of issues that affect women.
For the scheme, a maximum deposit of Rs 1.5 lakh is permitted per year. In addition, there is a lock-in period of 21 years for the account. After which, the account becomes invalid.
According to the Beti Bachao Beti Padhao campaign, parents are encouraged to start saving for the girl child’s education from an early age. Once the child is of a certain age, she can manage the money in the account on her own.
This scheme is part of the government’s “Save The Girl Child” campaign. It provides a high interest rate on the deposits. Moreover, it gives an income tax rebate under Section 80C of Income Tax 1961. Hence, it has become a popular saving scheme.
Parents can open Sukanya Samriddhi Accounts in authorized commercial banks or post offices. However, they can only open two accounts for girl children. In case of triplets, parents can open three accounts. At our website you will get other types of details also.