Raising a girl child in India should never be seen as a financial burden, yet many families still struggle with costs related to education, healthcare, and future planning. To ease this pressure, the Government of Uttar Pradesh launched the Mukhyamantri Kanya Sumangala Yojana—a welfare scheme designed to support girl children with financial assistance from birth to higher education.
Alongside such social schemes, families can also secure their future savings with low-risk options like Fixed Deposits (FDs). With assured returns and flexible tenures, FDs provide stability and help parents plan confidently for their child’s milestones.
What is Mukhyamantri Kanya Sumangala Yojana
Launched in October 2019, this flagship scheme of the UP government provides up to Rs. 25,000 in financial assistance (as of FY 2024-25) to families for the welfare of girl children. The funds are released in different phases, aligned with key milestones such as birth, vaccination, and school or college admissions.
The goal is to promote gender equality, reduce financial stress on families, and ensure that girls have equal opportunities to thrive.
Just like government support comes in stages, Bajaj Finance FD allows you to create FD “ladders” with multiple maturity periods, ensuring funds are available when your child reaches different milestones. Check latest FD rates.
Kanya Sumangala Yojana: Key Highlights
The following table outlines the important features and details of the Kanya Sumangala Yojana:
| Particulars | Details |
|---|---|
| Scheme Name | Kanya Sumangala Yojana |
| Introduced By | Government of Uttar Pradesh |
| Year of Introduction | 2019 |
| Maximum Financial Benefit | Up to Rs. 25,000 |
| Target Beneficiaries | Girl children residing in Uttar Pradesh |
| Eligibility Criteria | Girls born on or after 1 April 2019 |
| Assistance Pattern | Benefits released in 6 instalments |
| Coverage Period | From birth until higher education |
| Payment Method | Direct Benefit Transfer (DBT) |
| Beneficiary Limit | Maximum two girl children per family |
| Nodal Department | Department of Women Welfare, Uttar Pradesh |
| Main Objective | Encourage education, welfare, and empowerment of girl children |
Different levels of implementation of Kanya Sumangala Yojana
| Phase | Milestone | Benefit amount (2019) | Benefit amount (2024) |
| I | Birth of a girl child | Rs. 2,000 | Rs. 5,000 |
| II | Full vaccination before completing 1 year | Rs. 1,000 | Rs. 2,000 |
| III | Admission to the 1st grade in school | Rs. 2,000 | Rs. 3,000 |
| IV | Admission to the 6th grade in school | Rs. 2,000 | Rs. 3,000 |
| V | Admission to the 9th grade in school | Rs. 3,000 | Rs. 5,000 |
| VI | Admission to a bachelor’s program or a diploma program after completing 10th and 12th grades | Rs. 5,000 | Rs. 7,000 |
Recently, the Uttar Pradesh government increased the benefit amount by Rs. 15,000 to Rs. 25,000 in total for the financial year 2024-25.
While Rs. 25,000 is helpful, long-term goals like higher education need more. An FD with Bajaj Finance can grow your savings steadily with interest rates up to 7.75% p.a. Open FD.
