Mukhyamantri Kanya Suraksha Yojna

Mukhyamantri Kanya Suraksha Yojna

Introduction
Mukhyamantri Kanya Suraksha Yojana ensures the rightful place of pride in the society for a girl child, her safety and security, improve the sex ratio and to encourage registration of birth.

Objective
The scheme launched jointly by the Bihar Government Social Welfare Department, State Women Development Corporation, and the UTI Asset Management Company, would incur a spending Rs. 140 crore to empower over 7 lakh girls and needy women in the state. Tripartite Memorandum of Undertaking was signed on June 7, 2008. The state government would invest Rs. 2,000 for the first two girls in a family living under the Below Poverty Level (BPL) and born on or after November 22, 2007. The amount of Rs.2000/- will be invested by Women Development Corporation, Patna, Bihar on behalf Government of Bihar in UTI-Children’s Career Balanced Plan-Growth Option. On completion of 18 years the amount equal to the maturity value will be paid to the girl child (Rs. 18000/-). Incase of death of girl child during the intervening period the amount will be paid back to Women Development Corporation, Patna, Bihar. Mukhya Mantri Kanya Suraksha Yojana of Government of Bihar will benefit around 7 lakh girl children born in families living below the poverty line each year. This money could come very handy in pursuing higher education or start a small business if the girls wished to do so.
Under the new scheme, 250 schools would be developed exclusively for the girls in which education would be imparted on the Plus-2 system. Free text books would be provided up to the 8th grade while a stipend of Rs. 200 per month would be given to the needy widows under a scheme dubbed as Lakshmi Bai Pension Plan.

UTI Children’s Career Balanced Plan
UTI Children’s Career Balanced Plan was launched in July 1993 as an openended Plan. Under the Plan, investment can be made in the name of children so as to provide them after they attain the age of 18 years a means to meet the cost of higher education or any other social obligation.
Fund collected under UTI Children’s Career Balanced Plan are invested in equities, debentures/bonds of companies and other money market instruments. The scheme has an asset allocation limit of minimum 60% in debt and maximum 40% in equities/equity related instruments.

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