India’s girl child population has seen a significant rise in recent years, with over 63 million girls under the age of 12, according to the 2021 census.
But with this growth comes the need for better support systems, especially when it comes to securing their financial futures.
Here are the top 5 government schemes aimed at empowering young girls and women in India:
1. Sukanya Samriddhi Yojana (SSY)
Launched in 2015, SSY is a savings scheme specifically designed for the girl child.
The scheme allows parents or guardians to deposit up to Rs 1.5 lakh per annum, with a compound interest rate of 7.6% per annum.
This means that a girl child can accumulate up to Rs 13 lakh by the time she turns 21, making her financially independent.
2. Beti Bachao Beti Padhao (BBBP) Scheme
Launched in 2015, the BBBP scheme aims to address the declining child sex ratio in India.
The scheme focuses on education and empowerment of girls, with a special emphasis on girls from rural and disadvantaged backgrounds.
The scheme provides financial assistance for education and vocational training, helping girls to become self-sufficient.
3. Pradhan Mantri Matritva Vandana Yojana (PMMVY)
Launched in 2016, PMMVY aims to provide cash assistance to pregnant and lactating women.
The scheme provides a lump sum amount of Rs 5,000 to expectant mothers, helping them to meet their financial requirements during pregnancy and after delivery.
This scheme also encourages women to have fewer children, reducing the burden on the family.
4. Kishori Shakti Yojana
Launched in 1993, the Kishori Shakti Yojana aims to empower adolescent girls through education and vocational training.
The scheme provides financial assistance for education and vocational training, helping girls to become self-sufficient.
It also focuses on health and nutrition, ensuring that girls receive proper care and attention.
5. Ujjwala Scheme
Launched in 2015, the Ujjwala Scheme aims to eliminate human trafficking and provide rehabilitation to victims.
The scheme provides financial assistance for education and vocational training, helping girls to become self-sufficient.
It also focuses on awareness and sensitization, educating people about the dangers of human trafficking.
With these schemes in place, the Indian government is making a concerted effort to empower young girls and women, ensuring their financial independence and well-being.
As we move forward, it is essential to continue supporting these initiatives and working towards a more equitable society.