New Delhi, April 2 (IANS) Only 58.11 percent of total cases under the Delhi government's "Delhi Ladli Scheme" for girls were renewed during 2010-12, the Comptroller and Auditor-General (CAG) said Tuesday.
"Out of 125,808 cases due for renewal during 2010-12, only 73,108 cases (58.11 per cent) could be renewed," said CAG in its annual report.
The government auditor's report was presented in the assembly Tuesday.
The CAG said the scheme was launched without having essential data of target beneficiaries, as the guidelines for the hospitals and schools for registering and renewing the cases of beneficiaries at the birth level and school level respectively, were not formulated.
The scheme was launched in 2008 with the aim to empower girls by linking financial assistance with their education upto senior secondary level.
The sanctioned amount in the name of a beneficiary girl is deposited with SBI Life Insurance which manages the amount till the girl attains the age of 18 years and passes Class 10 as a regular student or takes admission in Class 12.
On attaining these milestones, the girl claims the maturity amount, which can be utilised for her higher education or vocational training or for setting up a micro enterprise.
"SBI Life Insurance gave interest rate of only 6.5 and 7 percent during 2008-09 and 2009-10 respectively, which was approximately two-thirds of the projected rate of 10.5 percent," the CAG noted.