Friday, 1 March 2013

Women & Budget: 4 Things that matter


The Budget 2013-14 had several positives for women. Here are four things that should matter the most.


1. A Bank for Women
The Finance Minister has announced the plan to set a bank for women with an initial investment of Rs 1000 cr. The bank is likely to be inaugurated by October 2013.The proposed bank will offer credit to women and women run businesses. It will support women SHGs and women livelihood.
The bank will also largely employ women. Bank to “address gender related aspects of empowerment and financial inclusion”

2.Addressing Women Safety
The government proposes to tackle women safety issues and has announced a Rs 1,000 crore ‘Nirbhaya Fund’. The Ministry of Women and Child Development will plan the structure, scope and application of the fund.The finance minister also announced an additional Rs 200 crore-allocation to the Ministry of Women and Child Development. With the additional funding the Finance Minister seeks to ensure “that vulnerable women – single mothers, widows and suchlike – are taken care of and can live with dignity”.The Finance Mininster has set a gender budget at Rs 97,134 cr for the financial year 2013-14 


3. Budget and Young Women
Skill Development Scheme to benefit young women. The National Skill Development Corporation will set the curriculum and standards for training in different skills. Those who pass this training test will be awarded a certificate and a monetary award at about Rs. 10000.Government will initially invest Rs 1000 cr on this scheme


4.Duty Free Gold
The Finance Minister in Union Budget 2013-14 has decided to allow women passengers bring in duty free gold jewellery worth up to Rs 1 lakh into the country.

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