Bhagya Lakshmi Yojana

Bhagya Lakshmi Yojana is a welfare scheme launched by the Government of Karnataka in 2006 to improve the sex ratio and promote the birth and healthy upbringing of girl children in Below Poverty Line (BPL) families. The scheme provides financial assistance to the girl child through her mother/father/natural guardian, subject to the fulfillment of certain conditions.

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Key Information on Bhagya Lakshmi Yojana

Name Bhagyalaxmi Scheme of Karnataka
Starting Date 31.03.2006
Beneficiary Girl Child of Karnataka

Objectives of the Bhagya Lakshmi Yojana

The objectives of the Bhagya Lakshmi Yojana are:

  • Encourage poor families to have more baby girls.

  • Improve the position of girls in society.

  • Help economically disadvantaged families have girls and uplift their standing in the family and community.

  • Offer financial support to girls through their parents or guardians if they meet certain requirements.

What are the Benefits of the Bhagya Lakshmi Yojana?

The following are the benefits of the Bhagya Lakshmi Yojana:

  • Financial assistance at birth: The mother of a girl child born under the scheme receives a one-time financial assistance of Rs. 19,300.

  • Health insurance: All girl children under the scheme are covered by health insurance of up to Rs. 25,000 per year.

  • Education scholarship: Girl children under the scheme are eligible for an annual scholarship of Rs. 300 to Rs. 1,000 from class 1 to 10.

  • Maturity benefit: Upon completion of 18 years of age, the girl child receives a lump sum amount of Rs. 34,751.

  • Death benefit: In case of the accidental death of the girl child, her parents receive a compensation of Rs. 1 lakh. In case of the natural death of the girl child, her parents receive a compensation of Rs. 42,500.

Below mentioned is the yearly scholarship amount offered from standard 1st grade to 10th grade:

Standard Yearly Scholarship Amount 
1st - 3rd grade Rs.300
4th grade  Rs.500
5th grade Rs.600
6th-7th grade Rs.700
8th grade Rs.800
9th -  10th grade Rs.1000

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What is the Eligibility Criteria for Bhagya Lakshmi Yojana?

The eligibility criteria for Bhagya Lakshmi Yojana are as follows:

  • The girl child must be born in a Below Poverty Line (BPL) family in Karnataka.

  • The girl child must be born after March 31, 2006.

  • The girl child must be registered with the scheme within one year of her birth.

  • The girl child must be immunized as per the government schedule.

  • The girl child must not be married before the age of 18.

  • The girl child must complete her eighth grade education.

People also read: Child Education Plan

What are the Documents Required for Bhagya Lakshmi Yojana?

The following are the documents required for Bhagya Lakshmi Yojana:

  • Application form of the Bhagya Lakshmi Yojana

  • Authenticated copy of the birth certificate of the girl child

  • Income proof of the parents

  • Address proof of the parents of the girl child

  • BPL Card

  • Bank details of the girl child

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How to Apply for the Bhagya Lakshmi Yojana?

To apply for the Bhagyalakshmi Scheme in Karnataka if you are below the poverty line and have a girl child, follow these steps:

ONLINE PROCESS

  1. Visit the Official Website:

    • Go to the official website of Bhagyalakshmi Yojana Karnataka: http://blakshmi.kar.nic.in:8080/First.jsp.

  2. Obtain the Application Form:

    • Download the application form from the official website or collect it physically from any of the following sources:

      • Gram Panchayat office

      • Anganwadi Center

      • NGOs

      • Authorised banks

      • Municipal Corporations

  3. Fill out the Application Form:

    • Complete the application form with accurate information.

    • Include the date of birth and details of the parents.

    • Ensure all details are filled correctly.

  4. Attach/Upload Required Documents:

    • Depending on your chosen mode of application (online or offline), you will need to either attach physical copies or upload digital copies of the required documents. These documents may include:

      • Birth certificate of the girl child

      • BPL (Below Poverty Line) certificate

      • Aadhar card of parents

      • Passport-size photographs

      • Bank account details of the applicant (if required)

  5. Submission of Application:

    • Submit the completed application form along with the attached/uploaded documents to the concerned person.

    • The concerned person may be the district’s Deputy Director of Women and Child Development or the Child Development Project Officer.

  6. Follow-up:

    • Keep a record of your application submission for future reference.

    • If required, follow up with the concerned authorities for updates on your application.

    People also read: Sukanya Samriddhi Yojana

OFFLINE PROCESS

To apply for the Bhagyalakshmi Scheme offline, candidates can visit the following locations:

  • NGOs

  • Authorized Banks

  • Municipal Corporations

  • Anganwadi Center

  • Gram Panchayat Office

Conclusion

Since its inception, Bhagya Lakshmi Yojana has brought about positive changes in the lives of numerous girls, though continuous efforts are needed to further enhance its impact. This initiative underscores the government's commitment to uplift the status of the girl child, offering them a brighter future and a place of honor within their families and communities.

People also read: Sukanya Samriddhi Yojana Calculator

FAQ's

  • How to apply for the Bhagya Laxmi Scheme?

    Applicants can obtain the application form on the official website mahilakalyan.up.nic.in.
  • Who qualifies for the Bhagyalakshmi scheme?

    The Bhagyalakshmi scheme extends its benefits to families falling under the Below Poverty Line (BPL) category with a maximum of two female offspring. These girls should have received proper immunization through the health department's program. Additionally, the female children must have been born after March 31, 2006, into a BPL household. They should not have been married off before attaining the age of 18.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^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 lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.
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^^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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