For the upliftment of female child belonging to a BPL family, the Maharashtra government introduced the Bhagyashree Scheme. The Bhagyashree Scheme will provide an insurance coverage of Rs 1 Lakh to the female children by the time they turn 18. It works in such a way that, when a girl child is born, the government will make a Bhagyashree account on the girl's name and will deposit an amount of Rs 21,200 which will simply become Rs 1 Lakh when the girl reaches 18.
NOTE: You can download the online application form from: http://newindia.co.in/content.aspx?pageid=88
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