Children deposit â¹1 crore in 11 years under 'Gullak Yojana'
Around 6,000 children from Madhya Pradesh's Chhindwara district have deposited â¹1 crore in their 'piggy bank' saving accounts since the launch of the state Arunodaya Gullak Yojana in 2007, officials have said. Parents can open a child's account with an initial deposit of â¹1. Banks offer loans for higher education and entrepreneurial ventures among other purposes against the deposits.