Balika Samridhi Yojana (BSY): Eligibility, Coverage & Benefits

Every year, the Indian Government promotes a slew of initiatives with specific goals. Our government's initiatives typically aim to aid the economically unsound, rural, poor, or disadvantaged sections of the society irrespective of religion, class, or caste. Such initiatives aim to improve the social and economic well-being of Indian nationals. The initiatives offered by the Government of India might be either central or state specific. A few plans are also integrated with the collaboration of both the state and central governments.
 

The Balika Samridhi Yojana is one such initiative launched by the Indian government. This plan tries to make a female kid prosperous. It guarantees that every female child born in economically disadvantaged areas of society receives better education quality at the basic and secondary levels.
 

The Balika Samridhi Yojana also aims to prevent female newborns from being victims of infanticide as well as to eliminate the shame associated with the birth of a girl child in many sections of the nation. The plan went into effect in the year 1997 and honed the obligation of providing financial help to every girl child born after 15th August 1997. This programme is open to all families with female newborns in India's urban and rural areas.
 

In this informative article, we will examine in depth the features of Balika Samridhi Yojana, the eligibility criteria, and the core benefits associated with it. Continue reading to learn more about the Bal Samridhi Yojana.
 

Balika Samridhi Yojana: Features
 

The Balika Samridhi Yojana is a critical programme established by the Indian government to back the birth as well as education of girl children among the poorer sections of society. The plan has a set of well-thought-out long-term goals. The following are some of the unique features of Balika Samridhi Yojana:
 

• This plan attempts to foster long-term growth for all these individuals, which will assist them to improve their level of life in society.
• With the adoption of this programme, the government would provide financial aid to parents or guardians of female students in the amount required to send their daughters to school.
• This plan reduces social ills in society and provides a higher level of living for girls.
• The government will deposit the subsidy into the recipients' accounts within the time range specified.
• This initiative is being executed through ICDS (Integrated Child Development Services) infrastructure in rural areas and by Health Department officials in urban areas.
   

Balika Samridhi Yojana: Primary Benefits
 

The perks of Balika Samridhi Yojana help just two girl children in each household, regardless of the overall number of kids in the house. Furthermore, the two girl children must be born after or on 15th August 1997. Girl kids who qualify for BSY (Balika Samridhi Yojana) are eligible for the benefits listed below:
 

• Following the birth of a girl child, a grant of ₹500 is made.
• School-going students are eligible for the following yearly scholarships for successfully completing each academic year:
   

Balika Samridhi Yojana (BSY): Eligibility Criteria

The plan is only for girl (Balika) kids, as the name suggests. A girl child must meet a set of conditions in order to be eligible for the Balika Samridhi Yojana. So, before delving more into qualifying requirements, it is important to note that Balika Samridhi Yojana serves both rural and urban sectors in every Indian district.
 

• A family should be from the EWS (Economically Weaker Section).
• This plan is available to BPL (Below Poverty Line) families.
• The candidate must be financially insecure.
• The beneficial couple must not be taxed* on their earnings.
• The candidate cannot get a pension or financial support from the Indian government or any other local government organisations.
• The Balika Samridhi Yojana only provides funds to children who are going to finish their high school education.
• This benefit won't be available to more than two girl students of the same household.
• The yearly income of the girl children's parents or guardians must not be more than ₹2 Lakh.
   

Balika Samridhi Yojana Online Apply: How to Do It?
 

There's a system for the Balika Samridhi Yojana online application that you must know more about. Integrated Child Development Services implements Balika Samridhi Yojana in rural regions, while Health Department officials do so in urban regions. Families must take the following critical steps for Balika Samridhi Yojana online apply:
 

• Application forms are accessible to Health Department officials and Anganwadi Workers. The forms for Balika Samridhi Yojana are also available online, although there are various forms of recipients in rural and urban areas. Individuals can visit https://www.india.gov.in/balika-samriddhi-yojana-ministry-women-and-child-development to learn more about it.
• All required information should be included in the form.
• Submit the application form using the same platform from where you acquired it.
   

Balika Samriddhi Yojana: Documents Needed to Apply
 

To get the perks of the BSY, eligible households must provide the following documents:
 

• The female kid's birth certificate is granted by the Indian Government or the nursing home or hospital where the girl was born.
• the address evidence of parents or legal guardians in case of absence of parents is required. Any of the following papers may be used as address or identity evidence:
  
  
  • Passport
  • Driving Licence
  • Voter Card
  • PAN Card
  • Ration Card
  • Utility bills like telephone, water, or electricity
  • Any other certification granted by the Government of India as address evidence
     
• Final examination mark sheet or school admission documents of the female kid.
• Passport-size photographs (recent) of the girl child.
• Any additional papers (if necessary)
   

Other Terms & Conditions
 

The beneficiary's account is credited with the amount of financial support, including the post-birth award and educational scholarship, provided under the Balika Samridhi Yojana.
 

• The money is deposited into an interest-bearing account set up in the name of the beneficiary female child.
• It’s subject to the condition that the amount should earn the highest potential interest. As a result, the beneficiary girl child is encouraged to look into savings programmes such as the National Savings Certificate or the Public Provident Fund.
• Just a portion of the educational scholarship and post-birth grant may be used to pay the insurance policy premium issued in the female child's name under BBKBY (BhagyaShri Balika Kalyan Bima Yojana). Furthermore, the yearly scholarship sum can be used to purchase uniforms, textbooks, and other school supplies for the girl child. The remainder of the needed sum must be put in the recipient's account.
• If the girl marries before the age of 18, she will forfeit the yearly scholarship sum as well as any accrued interest. She will only receive the ₹500 post-birth grant plus interest.
• If a girl child dies before reaching the age of 18, the whole collected money will be taken.
   

Conclusion
 

The Balika Samridhi Yojana extends advantages to the most gorgeous creation of the almighty and the finest blessing - the female child, born in families of lower socioeconomic groups in India. The initiative is run by the Indian Government, and its administration is dispersed to the institutions where the hierarchy of elected officials ends.
 

Since its beginning in the year 2005, this Balika Samriddhi Yojana has aided over 50 thousand beneficiaries. Every year, the number of recipients and the amount awarded under this plan has increased linearly. If you're qualified, learn everything you can about the plan and make the most of its benefits.
 

As you get to know about the advantages of Balika Samridhi Yojana and how it can help a girl child in having a decent life and education, you should also know about the importance of having life insurance.
 

As your daughter grows and matures, they dream of having a career where they can shine brightly. They look up to you when it comes to achieving those objectives. And, it is true that the vast majority of Indian nationals pay for their children's education. So, why not make your girl child's dreams come true with a robust Tata AIA policy and protect your child's educational milestones?
 

At Tata AIA Life Insurance Company, we put forward an array of life insurance in India, which includes term insurance, life insurance guaranteed¹ returns plans, as well as group insurance policies.
 

You can leverage our online life insurance premium calculator to get the appropriate life insurance plan that suits your budget as well your financial aims. To know more about our life insurance details, you can call us at 1-860-266-9966 (Monday to Saturday| 10 AM to 7 PM). Also, you can WhatsApp us at 7045669966.


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