Budget 2019: Proposal to expand women SHG interest subvention to all districts

We want to going beyond just women-centric politics to women-led initiatives, says the Union Finance Minister

July 05, 2019 12:51 pm | Updated 12:53 pm IST - New Delhi

Women self-help group members displaying slogans written on their hands and palms using mehandi paste in Tiruvarur district of Tamil Nadu. File photo

Women self-help group members displaying slogans written on their hands and palms using mehandi paste in Tiruvarur district of Tamil Nadu. File photo

Union Finance Minister Nirmala Sitharaman, in her maiden budget on Friday, July 5, 2019, stressed on the importance of empowering women.

Naari tu narayani is country’s tradition. There is no chance for welfare of the world unless the condition of women is improved,” she said.

“This government believes that greater women participation is needed. Gramin arthvyvastha (rural economy) encourages role of women. The government believes social-economic transformation is taking place because of women participation in last one decade,” she said. She cited the record turnout of women voters in the recent elections. “The Parliament has a record number of 78 women MPs,” she added.

“Will set up a committee to evaluate and suggest ways to encourage and facilitate women participation in country’s development,” Ms. Sitharaman said.

“We want to going beyond just women-centric politics to women-led initiatives,” she said,

Ms. Sitharaman proposed to expand the women self help groups (SHG) interest subvention to all districts in India. For every verified woman SHG member having a Jan Dhan account, an overdraft of ₹5,000 shall be announced, she said. One woman in every SHG will be made eligible for a loan of upto ₹1 lakh under the Mudra scheme, she said.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.