New Delhi, The maturity date of the recurring deposit under the Delhi Lakshmi Yojana is currently set for July 31, 2029, with the Council of Ministers empowered to change it after reviewing the scheme two years after its launch.
The date falls in the year of the next Lok Sabha polls, according to a document.
Delhi Lakshmi Yojana Registration Updates
Applicants for the Delhi Lakshmi Yojana can register even if they do not possess an Aadhaar card. They may provide an Aadhaar enrolment slip, if available, along with an alternative identification document such as a PAN card, ration card, voter ID, passport, or driving license.
The Women and Child Development Department will assist beneficiaries in obtaining Aadhaar numbers through its district offices, allowing them to complete their registration concurrently.
Additionally, the Council of Ministers is authorized to review and potentially alter the maturity period for recurring deposits under the Delhi Lakshmi Yojana after its initial two years of implementation.
The Central Bank Digital Currency wallet will have spending restrictions and cannot be used to purchase items on the scheme’s negative list, including alcoholic beverages, tobacco products, narcotic drugs and psychotropic substances, lottery tickets, gambling and betting, it read. The applicant must also be a registered voter in Delhi to qualify for the monthly financial assistance under the scheme. Income-tax payers, GST filers and government employees are excluded from the scheme. This article was generated from an automated news agency feed without modifications to text.
In cases where Aadhaar authentication fails due to poor biometric quality or other reasons, beneficiaries can use iris or face authentication and Aadhaar-based OTP. For now, the RD has a lock-in period till July 31, 2029, which falls in the year of the next Lok Sabha polls. Under the scheme, eligible women will receive ₹ 2,500 every month. Of this, ₹ 1,500 will be credited to a recurring deposit account, while ₹ 1,000 will be transferred through a Central Bank Digital Currency wallet linked to the beneficiary’s bank account, it mentioned. Alternatively, beneficiaries can opt to have the entire ₹ 2,500 credited every month to a recurring deposit account through the selected banking partner. The RD will have a lock-in period till July 31, 2029, and will earn interest at the prevailing rate, it said. The Delhi government formally launched the Delhi Lakshmi Yojana on August 26, with the first monthly disbursements scheduled from September 1. Around 4000 beneficiaries had received sanction letter on August 26 under the scheme. The scheme provides ₹ 2,500 per month to eligible women and aims to support up to 17 lakh beneficiaries across the national capital. The applicant must be a woman aged between 21 and 60 years and the eldest female member of her family. Only one woman per household can receive the benefit, while the family’s annual income must not exceed ₹ 2.5 lakh. The applicant, her husband or her parents must have resided in Delhi for at least 10 years. Families consuming more than 2,400 units of electricity annually or owning a four-wheeler are also not eligible for the benefit, as per the eligibility criteria of scheme.
Where these methods fail, benefits may be provided against a verified physical Aadhaar letter carrying a QR code, it said.
