Apni Beti Apna Dhan
The Apni Beti Apna Dhan (ABAD) program was designed to improve parents' perceived value of daughters by offering them economic incentives. Families must be below the poverty line (BPL), or in the case of non-poor families, from a disadvantaged caste background, i.e., "Scheduled Caste” (SC) or “Other Backward Caste” (OBC). Upon birth of the daughter, the mother receives USD 11. ABAD endows each girl with a longer-term monetary investment of approximately USD 55 in government fixed-deposit securities redeemable for a guaranteed sum of USD 550 on her 18th birthday provided she remains unmarried. A bonus of USD 110 is awarded if the girl received at least a Grade 5 education, and a further USD 22 is awarded if she studies up to Grade 8.
Target Population: Girls
Year Program Started: 1994
Program Status: Active
Payment and Delivery Details
Delivery Method: Electronic via Bank
Payment & Delivery Description:
Within 3 months of the girl’s birth, INR 2500 is invested in Indira Vikas Patras, a Federal Government Saving Bonds scheme. The sum is re-invested every fifth year. The girl can withdraw the maturity amount of INR 25000 when she turns 18 provided she is unmarried. A bonus of INR 5000 is awarded is if the girl has received at least a Standard 5 education, and a further INR 1000 is awarded if she has studied up to Standard 8. Further, if the girl decides to delay the withdrawal for 2 - 4 years, she will receive an even greater payout.
Data on this program was drawn from:
Yoong, J. and Sinha, N. Long-Term Financial Incentives and Investment in Daughters: Evidence from Income Transfers in North India, World Bank Policy Research Working Paper 4860, (2009).
Gupta, S.D. et al. Knot Ready Lessons from India on Delaying Marriage for Girls, International Centre for Research on Women, (2008).
Did You Know?6,548 individuals were able to save via Limited Functionality Bank Account
6,548 individuals were encouraged to save via Mandatory Savings
While ABAD's Savings bond focused scheme allows for and promotes the accumulation of savings invested in the account, the girl's ability to use the account for transacting, including making additional deposits, is severely limited. This highlights a core question over the extent to which this program enables a beneficiary to save vs. enables the accumulation of an asset to be used at a later date.