Dhanlaxmi Yojana

Understand how Dhanlaxmi Yojana is helping girl child.
Plan your daughter’s future with a Bajaj Finance FD
4 mins
29-September-2025

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 While the scheme itself is no longer active, its objectives remain crucial—and families today can continue securing a girl child’s future with safe financial tools like fixed deposits (FDs).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.

Fixed Deposit

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  2. Fixed Deposits worth more than Rs. 50,000 crore booked
  3. Rated CRISIL AAA/STABLE and [ICRA]AAA(STABLE)
  4. Up to 0.35% p.a. extra interest offered for senior citizens
  5. Flexible interest payout options available - Monthly, Quarterly, Half-yearly, Annually or at Maturity

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Benefits of the scheme

The Dhanalakshmi Scheme provided both financial incentives and insurance benefits for families raising daughters. Some of the key features included:

  • Initial grant of Rs. 5,000 for every girl born after November 8, 2008, and registered under the program.

  • Rs. 1,250 incentive for completing immunisation between 6 weeks and 24 months.

  • Educational support – Parents received Rs. 1,000 for school enrolment, Rs. 500 annually for classes 1–5, and Rs. 750 per year for classes 6–8.

  • Insurance cover of Rs. 1 lakh for parents, provided the daughter remained unmarried till 18.

These benefits were structured to promote health, education, and delayed marriage for young girls.

While such schemes supported families, today you can create a similar long-term financial safety net with a Bajaj Finance FD, which offers up to 7.30% p.a. returns and complete capital protection. Book an FD.

Dhanalakshmi Scheme eligibility

To qualify for the scheme, families needed to meet simple criteria:

  • The girl had to be born after November 8, 2008.

  • She must be part of the immunisation programme.

  • The girl child had to be an Indian resident.

For families planning ahead, a Bajaj Finance FD with a flexible tenure (12 to 60 months) makes it easy to align savings with milestones like school admission, higher education, or even her marriage. Check FD rates.

Also Read: Beti Bachao Beti Padhao Scheme

Conclusion

The Dhanalakshmi Scheme was an important step toward promoting gender equality and supporting girl children in India. Its incentives encouraged education, delayed child marriages, and challenged negative social perceptions. Although the scheme is no longer active, similar goals are being addressed through programmes like Beti Bachao, Beti Padhao and Sukanya Samriddhi Yojana.

For parents who want to take charge of their daughter’s financial future today, safe investment tools like Bajaj Finance Fixed Deposit can play a vital role. With assured returns, flexible tenures, and the highest safety ratings [CRISIL AAA/STABLE and [ICRA]AAA (Stable)], FDs remain a reliable way to build a secure future for your child. Open an FD account.

Frequently asked questions

Where will the money be sent under the plan?

Money will be directly sent to the beneficiary woman's bank account. 

What loan will be provided with this plan?

Loan of Rs. 5 lakh would be given for 30 years at no interest. 

When is the recipient eligible for the Dhanlaxmi Yojana's insurance maturity cover?

When a girl is 18 and not married, she gets the insurance money.

When was Dhanalakshmi scheme launched?

The Dhanalakshmi scheme was launched on March 3, 2008, by the Ministry of Women and Child Development.

How much do I need to start an FD with Bajaj Finance?

You can begin with as little as Rs. 15,000, making it affordable for parents who want to gradually build a fund for their child. Check rates now and open an FD account.

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Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.