The Dhanalakshmi Scheme, launched on March 3, 2008, was a government initiative to promote the welfare of girl children in India. By offering financial incentives and insurance cover to families with daughters, the scheme aimed to reduce child marriages, encourage education, and change the societal perception that daughters are a burden. While the scheme itself is no longer active, its objectives remain crucial—and families today can continue securing a girl child’s future with safe financial tools like fixed deposits (FDs).

Objectives of this scheme

The Dhanalakshmi Yojana was designed with strong social goals:

• To promote a positive mindset that values daughters and reduces gender bias.

• To encourage parents to enrol and retain girls in schools, ensuring education at least up to Class 8.

• To reduce female infanticide by providing an insurance cover for newborn girls.

• To break the stigma of girls being considered a financial burden.

• To create pathways for girls to pursue education and future job opportunities.

Just like the scheme encouraged education-linked savings, you can open a Bajaj Finance FD in your daughter’s name to build a financial foundation for her school or college expenses.

Also Read: Sukanya Samridhi Yojana

Implementation of the Dhanalakshmi Yojana

The scheme was introduced as a pilot project in states with some of the most adverse child sex ratios and higher cases of female infanticide or child marriage. It was implemented in selected blocks of Punjab, Bihar, Uttar Pradesh, Chhattisgarh, Jharkhand, Odisha, and Andhra Pradesh.

The targeted approach ensured that government resources directly reached the regions that needed reform the most.

Unlike schemes limited to certain states, Bajaj Finance FDs are available nationwide and for NRIs, making it simple for parents anywhere to start planning for their child’s future. Explore FD rates.