The scheme aims to:
Promote enrollment and retention of the girl child in school and to ensure her education at least up to intermediate level.
Encourage girls to get married only after the age of 18 years.
Encourage parents to adopt family planning norms with two girl children.
Protect the rights of the girl child and provide social and financial empowerment to the girl children.
Strengthen the role of the family in improving the status of the girl child.
Mode of Deposits under the Scheme
Scheme-I
An amount of Rs. 50,000 is deposited in the name of the girl child born on or after 01/08/2011, in the form of fixed deposit with the Tamil Nadu Power Finance and Infrastructure Development Corporation Limited, for a family with one girl child only. A copy of the fixed deposit receipt is given to the family of the girl child.
Scheme-II
An amount of Rs. 25,000 is deposited in the names of two girl children born on or after 01/08/2011 in the form of fixed deposit with Tamil Nadu Power Finance and Infrastructure Development Corporation Limited, for a family with two girl children only. A copy of the fixed deposit receipt is given to the family of the girl children.
The above deposit is renewed at the end of every 5 years and on completion of 18 years of age, the amount deposited along with interest will be given to the girl child. To get this benefit, the girl child should appear for the 10th standard public examination. Thus, the matured amount will help the girl child to pursue her higher education. The new scheme implemented from 01.08.2011 has maturity benefits as detailed below.
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