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Delhi Launches Lakshmi Yojana, Issues First Approval Letters

Its payment design sends ₹1,000 to a CBDC-linked spending wallet while ₹1,500 is locked into deposits to build savings.

Overview

  • The Delhi government launched the Delhi Lakshmi Yojana on Wednesday and distributed initial approval or verification letters to beneficiaries at Talkatora Stadium.
  • Reports conflict on the size of the first batch with the government saying about 4,000 letters were issued and news agencies reporting roughly 2,500 women received letters at the ceremony.
  • The scheme promises ₹2,500 a month per eligible woman starting with DBT transfers scheduled from September 1, 2026.
  • By late August the registration portal showed about 913,495 registrations and 652,223 completed applications, creating a verification backlog that officials must clear before the first disbursements.
  • Officials say the default pay structure gives ₹1,000 through a CBDC-linked wallet and locks ₹1,500 into an RD/FD until mid‑2029, a design meant to seed savings but one that limits short‑term cash for households and requires CBDC‑capable bank accounts and smartphones.