
The Government of Maharashtra has closed around 6.8 million accounts under the Mukhyamantri Majhi Ladki Bahin Yojana because beneficiaries did not complete the mandatory e-KYC verification before the March 31 deadline.
After this step, the number of active beneficiaries dropped to about 17.5 million.
The government has now extended the deadline until April 30, so the number of active accounts may change if people complete verification.
The verification process started after complaints that some ineligible people were receiving money under the scheme.
Officials found cases where:
After rechecking, about 2 million flagged accounts were found eligible, while the rest are still under review.
The scheme provides ₹1,500 every month directly to women’s bank accounts. To qualify, beneficiaries must:
The scheme currently costs the state about ₹3,700 crore every month. In the 2026–27 budget, ₹26,000 crore has been allocated for the programme, lower than ₹36,000 crore in 2025–26.
With fewer beneficiaries, the monthly spending may reduce.
Beneficiaries can still complete verification online by:
This process must be done every year to continue receiving payments.
The closure of 6.8 million accounts is mainly due to incomplete e-KYC and removal of ineligible beneficiaries. With the deadline extended, many eligible women still have a chance to restore their benefits by completing verification before April 30.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Published on: Apr 3, 2026, 10:00 AM IST

Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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