The Maharashtra government has closed nearly 68 lakh accounts under the Ladki Bahin Yojana due to non compliance with e KYC requirements. The decision comes as part of efforts to ensure that only eligible beneficiaries receive financial assistance under the scheme.
The Ladki Bahin Yojana is a welfare initiative aimed at supporting women by providing a monthly financial benefit of Rs 1500. The scheme is designed to improve financial security and empower women across the state. However, the recent review process revealed that a large number of beneficiaries had not completed the mandatory e KYC verification, leading to the closure of their accounts.
Officials have stated that the deadline for completing e KYC has now been extended until April 30, giving beneficiaries another opportunity to comply with the requirements. Those who complete the verification process within the given timeframe may be able to have their accounts reactivated, subject to eligibility checks.
In addition to addressing e KYC issues, the government is also reviewing cases to identify ineligible beneficiaries who may have been receiving benefits without meeting the required criteria. This step is aimed at improving transparency and ensuring that the scheme reaches its intended recipients.
The closure of such a large number of accounts has raised concerns among beneficiaries. However, authorities have clarified that the move is part of a routine verification process and is necessary to maintain the integrity of the scheme. They have assured that genuine beneficiaries will not be affected if they complete the required procedures on time.
The scheme has also seen a reduction in its budget allocation, which has led to discussions about its future. Despite this, government officials have confirmed that the Ladki Bahin Yojana will continue to operate. Efforts are being made to optimize resources and ensure that the scheme remains effective in delivering financial support to women.
Experts believe that proper implementation of verification processes such as e KYC is essential for the success of welfare programs. It helps prevent misuse of funds and ensures that benefits are distributed fairly. At the same time, they emphasize the need for awareness campaigns to inform beneficiaries about compliance requirements and deadlines.
Overall, the closure of 68 lakh accounts highlights the importance of accurate beneficiary data and timely verification in government schemes. With the extended deadline in place, beneficiaries now have an opportunity to complete their e KYC and continue receiving financial assistance under the Ladki Bahin Yojana.