The Balika Samriddhi Yojana (BSY) is a scheme to raise the status of the girl child. The first component of the scheme of BSY was launched with effect from 2 October 1997. Under this, the mother of a girl child born on or after 15 August 1997 in family living below the poverty line was given a grant of Rs. 500.
The benefits and means of delivery have been redesigned in the current financial years.
The post-delivery grant of Rs. 500 per girl child (up to two girls in a family living below the poverty line) will be deposited in bank account in the name of the girl child or in a post office if there is no bank nearby. In the same account will be deposited annual scholarships ranging from Rs. 300 for class I to Rs. 1,000 for class X when the girl starts going to school. The matured value of the deposits (along with interest) will be repayable to the girl on her attaining the age of 18 years and having remained unmarried till then.