Top 6 Game-Changing Announcements for Women from Budget 2024
The Union Budget 2024 has brought a significant focus on women-led development schemes, showcasing the government's commitment to enhancing the socio-economic status of women in India. Finance Minister Nirmala Sitharaman has announced a range of allocations and initiatives designed to promote women's empowerment and participation in the workforce. Here’s a detailed budget analysis highlighting the top six game-changing announcements for women from the budget news.
₹3 Lakh Crore Allocation for Women-Oriented Schemes
One of the most significant budget highlights is the sizable allocation of ₹3 lakh crore specifically for women-oriented schemes. This massive financial commitment underscores the government's focus on addressing the unique challenges faced by women and promoting gender equality. The funds are expected to support various government schemes for women, including those aimed at improving education, healthcare, and employment opportunities.
Namo Drone Didi: A New Frontier for Women SHGs
In an innovative move to boost women's workforce participation, the government has introduced the Namo Drone Didi initiative. With a budget allocation of ₹500 crore, this scheme aims to provide 15,000 women self-help groups (SHGs) with drones for rental services to farmers between 2023 and 2026.
This initiative not only empowers women with cutting-edge technology but also opens new avenues for income generation and entrepreneurship. By integrating women into the agricultural supply chain, Namo Drone Didi is set to revolutionize women empowerment schemes in India.
Reduction in Stamp Duty for Women Property Buyers
The Finance Minister has urged state governments to reduce stamp duty charges for properties purchased by women. This proposal, highlighted in the budget news, aims to make property ownership more accessible and affordable for women, thereby promoting financial independence.
Including this reform as a crucial component of urban development schemes signifies the government's intent to encourage more states to adopt similar measures, furthering the economic empowerment of women.
Enhanced Allocation for Mission Shakti
Mission Shakti, which stands for the Mission for Protection and Empowerment of Women, has received an increased budget allocation from ₹2,325 crore to ₹3,146 crore. This increase supports various schemes under Mission Shakti, including Beti Bachao Beti Padhao, Nari Adalat, and Mahila Police Volunteers.
These schemes are designed to safeguard women's rights and promote gender equality. The enhanced funding is a testament to the government's commitment to bolstering women's welfare schemes and ensuring their effective implementation.
Expansion of Hostels, Creches, and Widow Homes
To facilitate higher participation of women in the workforce, the government has announced plans to increase the number of working women hostels and establish creches. These facilities will be developed in collaboration with industry partners, providing safe and supportive environments for women pursuing careers or education in new cities.
Additionally, the budget for SAMARTHYA, which includes schemes like Shakti Sadan (Swadhar, Ujjawala, Widow Home), Shakhi Niwas (Working Women Hostel), and Palna (National Creche Scheme), has been increased from ₹1,863.85 crore in FINANCIAL YEAR 24 to ₹2,516.97 crore in FINANCIAL YEAR 25.
These initiatives are crucial for creating a more inclusive and supportive infrastructure for women, enhancing their ability to balance professional and personal responsibilities.
6. Doubling of Nirbhaya Fund Allocation
In a significant move to improve women's safety and security, the budgetary allocation for the Nirbhaya Fund has been doubled from ₹100 crore in FY24 to ₹200 crore in FY25. The Nirbhaya Fund, established in response to the horrific Nirbhaya rape case in 2013, is aimed at implementing projects and initiatives for enhancing women's safety.
This year’s budget allocation for all schemes related to women’s safety stands at ₹1,105 crore, reflecting the government's ongoing commitment to creating a safer environment for women across the country.
Conclusion
The Union Budget 2024 has indeed put the spotlight on women-led development, with several transformative initiatives aimed at empowering women and promoting gender equality.
From substantial financial allocations to innovative schemes like Namo Drone Didi, the budget presents a comprehensive approach to addressing the diverse needs of women in India. These announcements not only mark significant progress in women's welfare schemes but also pave the way for a more inclusive and equitable society. As we move forward, it will be crucial to monitor the implementation and impact of these initiatives to ensure that they bring about the desired change in the lives of women across the country.
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