The Government of India officially unveiled its highly ambitious program called Beti Bachao Beti Padhao or BBBP scheme on 22nd January 2015. The launch took place at Panipat in Haryana for this national program operated by the Ministries of Women and Child Development, Human Resource Development, and Health & Family Welfare.
The scheme aims at tackling discrimination inherent in society that is faced by girls while changing the mindset of citizens in the country. The scheme seeks to address a wide gamut of issues including the reducing child sex ratio (CSR) and also enhance women empowerment while eliminating gender-based inequalities while also safeguarding girl children.
Education of girl children and their societal participation are other objectives of the scheme. The scheme will seek to address the CSR issue through mass pan-Indian campaigns while it will also have multi-sectoral Government interventions in 100 districts that are labeled as gender-critical as per the Census of 2011.
When it comes to eligibility for the Beti Bachao Beti Padhao scheme, here are the key points to be kept in mind.
There are a few documents that are required for the successful implementation of this scheme. Here is a tally of the documents which you will need in this regard:
You can easily apply for the Beti Bachao Beti Padhao scheme by visiting the post office or bank where this scheme is readily available as a first step. Thereafter, you have to fill up the application form for BBBP/SSA by yourself and attach all supporting documents needed with the same. You have to submit these documents to the concerned authority for opening an account in your girl’s name and for her to reap the benefits in the future.
There are numerous tangible and societal benefits of the BBBP scheme. A girl child may open an account under this scheme for attaining financial security in the future. The account remains exempted under the Act 1961 u/s 80C. The girl child’s account will remain completely tax-free and this means that no money will be deducted in the form of taxes from this account. Under the Beti Bachao Beti Padhao Yojana, a savings scheme known as the SSA (Sukanya Samriddhi Account) has been unveiled.
This account is exclusively for girl children where guardians or parents of the child may easily save money for daughters. This may be used for the marriage or education of the girl child in the future. The account will have zero tax deductions which is a massive benefit. This will solve the issue of girl children being perceived as financial burdens in several parts of the country which is a shameful way of thinking and practice. There is a decent rate of interest on this account and withdrawal is only allowed for the girl child when she attains the age of 18 years. This will offer financial security when the girl transforms into an adult citizen of India.
Here are the benefits in a nutshell:
The Beti Bachao Beti Padhao scheme was launched on the 22nd of January, 2015 in Haryana.
SSY is a vital part of the Beti Bachao Beti Padaho initiative by the government of India. The full form of SSY is the Sukanya Samriddhi Yojana. This account can be opened in the name of the girl child by the parents or guardians.
The rate of interest is 8.1% per annum for these accounts.
The money can only be withdrawn once the girl turns 18.
Rs. 1.5 lakh is the maximum amount that can be deposited in a year.