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The Hindu·2 min read·medium

Delhi Chief Minister launches Lakshmi Yojana; over 30,000 register on first day

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Ira Wasan
Delhi Chief Minister launches Lakshmi Yojana; over 30,000 register on first day
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Delhi Chief Minister Rekha Gupta launched the Lakshmi Yojana, a welfare scheme providing ₹2,500 monthly to eligible women. Over 30,000 registrations were recorded on the first day of the portal's launch.

Why it matters

The scheme represents a significant social welfare initiative aimed at financial support for women in Delhi.

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Chief Minister Rekha Gupta on Saturday launched the Delhi Lakshmi Yojana and opened registrations for the scheme, under which eligible women will receive ₹2,500 a month. Applications can be submitted through the portal, www.dly.delhi.gov.in.

Launching the scheme at the office of the District Magistrate in East Delhi, Ms. Gupta said beneficiaries could choose between two modes of assistance. Under the first, ₹1,000 will be credited to a Central Bank Digital Currency (CBDC) wallet for day-to-day expenses and the remaining ₹1,500 deposited in a recurring deposit (RD) or fixed deposit (FD). Under the second, the entire amount will be deposited in an RD or FD.

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