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    Ladli Beti Deposit Scheme

    Uploaded by

    Vikramjeet Singh
    The document describes the Ladli Beti scheme in Jammu and Kashmir which provides a social assistance program for newborn girl children. The scheme has two phases, the first is a recurring deposit for 14 years and the second is a cumulative term deposit for 7 years, totaling 21 years. To be eligible, the girl child must be born on or after April 1, 2015 and the parents' annual income must be less than Rs. 75,000. Monthly contributions of Rs. 1,000 are made by the J&K government in phase one and no partial payments or foreclosures are allowed under the scheme.

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    © All Rights Reserved
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    Ladli Beti Deposit Scheme

    Uploaded by

    Vikramjeet Singh
    37 views1 page
    The document describes the Ladli Beti scheme in Jammu and Kashmir which provides a social assistance program for newborn girl children. The scheme has two phases, the first is a recurring deposit for 14 years and the second is a cumulative term deposit for 7 years, totaling 21 years. To be eligible, the girl child must be born on or after April 1, 2015 and the parents' annual income must be less than Rs. 75,000. Monthly contributions of Rs. 1,000 are made by the J&K government in phase one and no partial payments or foreclosures are allowed under the scheme.

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    Ladli-Beti-Deposit-Scheme

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    The document describes the Ladli Beti scheme in Jammu and Kashmir which provides a social assistance program for newborn girl children. The scheme has two phases, the first is a recurring deposit for 14 years and the second is a cumulative term deposit for 7 years, totaling 21 years. To be eligible, the girl child must be born on or after April 1, 2015 and the parents' annual income must be less than Rs. 75,000. Monthly contributions of Rs. 1,000 are made by the J&K government in phase one and no partial payments or foreclosures are allowed under the scheme.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    37 views1 page

    Ladli Beti Deposit Scheme

    Uploaded by

    Vikramjeet Singh
    The document describes the Ladli Beti scheme in Jammu and Kashmir which provides a social assistance program for newborn girl children. The scheme has two phases, the first is a recurring deposit for 14 years and the second is a cumulative term deposit for 7 years, totaling 21 years. To be eligible, the girl child must be born on or after April 1, 2015 and the parents' annual income must be less than Rs. 75,000. Monthly contributions of Rs. 1,000 are made by the J&K government in phase one and no partial payments or foreclosures are allowed under the scheme.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Ladli Beti

    Go er e t of Ja u & Kash ir has i trodu ed a so ial assista e s he e titled Ladli Beti LB ea t for
    new born girl child of the State born on or after 01st April 2015. The objective of the scheme is to arrest the
    declining female sex ratio a d redu e the fi a ial urde of the girl’s pare ts. The scheme further intends to
    ensure that the girl child does not become a burden for the parent or guardian at the time of her marriage.
    The scheme should not be, in any way construed or misunderstood as an encouragement to the practice of
    giving dowry.
    Salient features:
    To i ple e t the “ he e i the “tate, the Ba k has desig ed a deposit produ t hriste ed as J&K Ba k Ladli
    Beti Deposit “ he e . The s he e is a hy rid deposit pla ha i g t o phases:

    Phase I: A recurring deposit for 14 years having date of completion as one month after the last installment
    received in the account.

    Phase II: A Cumulative Term Deposit (CCR) for 07 years.

    Tenure: 21 Years

    Type of Deposit:
    Phase I: A recurring deposit for 14 years having date of completion as one month after the last installment
    received in the account.

    Phase II: A Cumulative Term Deposit (CCR) for 07 years.

    Eligibility:

    1. Girl Child born on or after 01/04/2015 whose applications are complete in all respect accompanied with
    sanction letter from Child Development Project Officer (CDPO) of the selected domiciliary district
    (Anantnag, Budgam, Jammu, Kathua, Pulwama, and Samba).
    2. Girl child born to parents whose annual income from all sources is less than Rs 75000.

    Operation of account:
    Recurring deposit account under this scheme shall be opened by the natural or legal guardian of the girl child.

    Funding the account:


    No credits other than monthly contribution of Rs. 1000/- by J&K Government is to be allowed in Phase I (RD
    Account).
    After the maturity of Phase I (recurring deposit account) the account will graduate to Phase II (Cumulative
    Term Deposit account).
    Partial Payment / Foreclosure:
    No partial drawls or Foreclosure will be allowed under any circumstances during any phase.

    Payment of Maturity Benefits:


    Maturity benefits under the scheme will be paid to the beneficiary on completion of 21 years of age or 21 years after the
    first installment or 85 months after the last installment whichever is later by crediting the saving bank account of the girl
    child. However, the girl child is at liberty to reinvest the amount in any deposit plan of the bank at card rates.

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