>RS3 Tn Allocated For Schemes Benefitting Women & Girls

Working women hostels to be set up in collaboration with industry; Promotion of market access for women SHG enterprises

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman along with the Ministers of State for Finance, Shri Pankaj Chaudhary and senior officials of the Ministry of Finance called on the President of India, Smt. Droupadi Murmu before presenting the first Union Budget 2024-25 of Modi 3.0 at Rashtrapati Bhavan, in New Delhi on July 23, 2024.

FinTech BizNews Service

Mumbai, July 23, 2024: The Union Budget 2024-25 presented in Parliament today by Smt. Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs strongly signalled Government’s commitment for enhancing women’s role in economic development. 

The Union Finance Minister announced an allocation of more than Rs. 3 lakh crore ( Rs 3 Trillion-Tn) for schemes benefitting women and girls. This is envisaged as a measure to promote women-led development, she elaborated.

She recalled the focus on ‘Mahilayen’ (Women) in the Interim Budget, which was part of the four major castes, namely ‘Garib’ (Poor), ‘Mahilayen’ (Women), ‘Yuva’ (Youth) and ‘Annadata’ (Farmer), again in the Union Budget 2024-25 and stated, “We are determined to ensure that all Indians, regardless of religion, caste, gender and age, make substantial progress in realising their life goals and aspirations”.

The Union Minister informed that the Government will facilitate higher participation of women in the workforce through setting up of working women hostels in collaboration with industry, and establishing creches. In addition, the partnership will seek to organize women-specific skilling programmes, and promotion of market access for women SHG enterprises, Smt. Sitharaman announced.