Budget 2024 Strives To Boost Women’s Participation In The Workforce: 4 Major Takeaways To Note!

Here's how the government plans to boost women empowerment through Budget 2024..

By Pragya Dubey Updated July 24, 2024 11:40 AM

Budget 2024 Strives To Boost Women’s Participation In The Workforce: 4 Major Takeaways To Note!

Currently, an important topic of discussion for the Indians is the Budget 2024. India’s Finance Minister Nirmala Sitharaman presented her 7th Union Budget on July 2023 after the Lok Sabha Elections. The government listed down its priorities for this financial year and a lot of focus has been given to areas like small businesses, unemployment and women empowerment among others. Here are some of the most important takeaways from the Budget that women need to be aware of, especially if you’re an aspiring entrepreneur.

1. Working Women’s Hostels

Nirmala Sitharaman yet again stressed the government’s efforts to boost women’s participation in the workforce. A total of 3 lakh crore has been allotted to the various schemes for women’s and girls’ development. In the Budget 2024, the finance minister announced that the government plans to collaborate with industries and set up more working women’s hostels.

2. Encourage Skill-Based Programme

The Budget 2024 also focuses on having more skilled programmes for women and promoting women’s self-help group (SHG) enterprises.

3. Boost Health, Education Schemes For Women

Nirmala Sitharaman also stated that the government strives to develop and expand schemes that will benefit women, youth and the poor. Government schemes that are meant to boost women entrepreneurs will be escalated.

Also Read: National Girl Child Day: 5 GoHevernment Schemes That Encourage Girls’ Education

4. Lower Stamp Duty

In this year’s budget, Nirmala Sitharaman has announced that the government will consider lowering the stamp duties on properties that women will purchase. This move is expected to benefit the urban development schemes as stated by the finance minister.

Also Read: What Are The Grey Areas In India’s New Criminal Laws? Key Points Explained

This year’s budget shows the government’s efforts and work towards ensuring skilled labour among women, boosting education and enhancing women’s participation in India’s workforce.

What do you think about Nirmala Sitharaman’s Budget 2024?

First Published: July 24, 2024 11:40 AM

Pragya Dubey

Pragya Dubey is an introvert who prefers expressing herself through words. She believes in logical arguments and watches thrillers to escape the mundane realities of life!