A Jammu & Kashmir Government meant for new born girl child of the State born on or after 01st April 2015. The objective of the scheme is to arrest the declining female sex ratio and reduce the financial burden of the girl’s parents. The scheme further intends to ensure that the girl child does not become a burden for the parent or guardian at the time of her marriage.
The scheme is a hybrid deposit plan having two phases:
Phase I: A recurring deposit for 14 years having date of completion as one month after the last installment received in the account.
Phase II: A Cumulative Term Deposit (CCR) for 07 years.
The monthly contribution in Phase I is made by the J&K Govt.