New Delhi, July 31 -- The Delhi government on Tuesday cleared the Lakshmi Yojana. Speaking to reporters after the Cabinet approved the scheme, Chief Minister Rekha Gupta said an online application portal for the Delhi Lakshmi Yojana would be launched on August 1.

She added that beneficiaries are expected to receive the first instalment around Raksha Bandhan.

Eligible women between the ages of 21 and 60 will receive a monthly financial benefit of Rs.2,500, as per PTI. However, the scheme excludes women with more than three children and those belonging to households with an annual electricity consumption of over 2,400 units.

According to the scheme guidelines approved by the Cabinet, women aged between 21 and 60 years with an annual fami...