Ladli Beti Scheme

The Ladli Beti scheme is implemented by the Government of the Union Territory of Jammu and Kashmir through Jammu and Kashmir Bank to provide long-term financial support to eligible girl children. Under the scheme, a recurring deposit account is opened by the natural or legal guardian of the girl child. The Government contributes ₹1,000/- per month for 14 years, subject to the beneficiary's eligibility and approval by the Social Welfare Department. After the recurring deposit matures, it is converted into a cumulative term deposit account. The maturity amount is paid after the beneficiary attains the prescribed age and conditions under the scheme are fulfilled. The scheme is a hybrid deposit plan having two phases: - Phase I: A recurring deposit for 14 years having a date of completion as one month after the last installment received in the account.- Phase II: A Cumulative Term Deposit (CCR) for 7 years. After the maturity of Phase I (recurring deposit account) the account will graduate to Phase II (Cumulative Term Deposit account). The monthly contribution of ₹1000/- in Phase-I is made by the J&K Govt. The annual income of the parents from all sources should be less than ₹75,000. The required documents are the Application Form, KYC Norms of the Parent/ Guardian, and the sanction letter from the CDPO (Child Development Project Officer).