Sikkim Shishu Samriddhi Yojana 2024 - FD of Rs. 10,800 in Name of Newborns

Shishu Samriddhi Yojana 2024 has been launched by Sikkim government. In this scheme, the state govt. will create fixed deposits of Rs. 10,800 in name of new born babies. Fixed deposit amount will mature and the money can be withdrawn when the child turns 18. CM Tamang introduced the Sikkim Sishu Samriddhi Yojana to address the low fertility rate among the local indigenous population. Read this article till the end to know complete details about the scheme.

About Sikkim Shishu Samriddhi Yojana 2024

On 26 Feb 2024, CM Prem Singh Tamang announced Shishu Samriddhi Yojana which involves a fixed deposit of Rs. 10,800 for newborns and can be withdrawn at the age of 18 years. Addressing the Jan Bharosa Sammelan in Soreng district, Chief Minister announced the Sikkim Sishu Samriddhi Yojana ahead of the assembly elections in the state.

Overview of Sishu Samriddhi Yojana 

Name of Scheme	Shishu Samriddhi Yojana
State	Sikkim
Type of Scheme	Assistance on Birth of Babies
Objective	To provide fixed deposit in the name of newborns to encourage people to have more babies
Fixed Deposit amount	Rs. 10,800
Maturity of FD	18 years
Implementation Year	2024 onward

Eligibility Criteria for Sishu Samriddhi Yojana in Sikkim

• Applicant must be a permanent resident of Sikkim state.
• The baby must be born in any part of Sikkim only (either in any hospital located in the state or at home). 

List of Documents Required for Sishu Samriddhi Yojana

• Aadhar Card
• PAN Card
• Date of Birth Proof
• Bank Account Details
• Active Mobile Number
• Email ID
• Recent Passport Size Photographs

How to Apply Online for Shishu Samriddhi Yojana

• First of all, visit the official website of Sishu Samriddhi Yojana.
• On the homepage, click at "Apply" link.
• Upon clicking the link, the Shishu Samriddhi Yojana online registration form will open.
• Fill in the asked details accurately and upload necessary documents as mentioned above.
• Review your filled in information in the application form through online mode.
• Finally, click on the "Submit" button to send your application to the concerned authorities for approval.

Once approval of application is done, eligible applicants will be selected and then they will avail benefit of fixed deposit of Rs. 10,800 in the name of newborn. 

Need for Sikkim Sishu Samriddhi Yojana

The Himalayan state has the lowest population in the country at 6.10 lakh, as per 2011 census. CM Tamang's govt has been taking a slew of measures to encourage couples to have more babies to fend off concerns over the aging population. Shishu Samriddhi Yojana is a major initiative to encourage people to have more babies which would raise the state's population. Other initiatives includes additional increments for government employees having two or three children, maternity leaves of one year for female government employees, and financial grants for non-working mothers.

"The low fertility rate among the local indigenous population is a matter of serious concern in Sikkim. We must do everything in our hands to reverse the process," CM Tamang had said last year. At the programme in Soreng, the CM said the nearly 25,000 temporary government employees who have completed four years in service will get the memorandum for regularisation on February 29 in Rangpo. Earlier this month, the state cabinet had approved the regularisation of government employees and the restoration of the old pension scheme.

The CM also announced that Rs. 48 lakh will be spent on the construction of homestays, which will create employment opportunities and boost tourism in the state. Tamang inaugurated a fire station in the Soreng district. The building at Singling has been constructed at a cost of Rs 5.5 crore. The building has residential quarters and restrooms, among others.

Source / Reference Link - https://economictimes.indiatimes.com/news/india/sikkim-govt-to-create-fixed-deposits-of-rs-10800-in-name-of-newborns/articleshow/108017028.cms