Budget 2024: From Namo Drone Didi to Mission Shakti—Check 6 key announcements for women empowerment

Finance Minister Nirmala Sitharaman, in the Union Budget, allocated more than 3 lakh crore for schemes related to women and girls. Know how this year's budget will boost women's empowerment.

Sharmila Bhadoria
Published24 Jul 2024, 04:17 PM IST
The central government has allocated budget to a number of women-oriented schemes in the Union Budget 2024-25.
The central government has allocated budget to a number of women-oriented schemes in the Union Budget 2024-25.

Budget 2024: The Union Budget 2024 placed special emphasis on women-led development schemes. Finance Minister Nirmala Sitharaman announced 3 lakh crore allocations for schemes to promote women-led development. The Finance Minister also announced the setting up of working women's hostels and creches to boost female participation in the workforce. The government has also increased budget allocations for certain schemes related to women's empowerment and safety.

Here are key announcements in the Union Budget 2024 that will benefit women.

Union Budget 2024: Key announcements and allocations for women

3 lakh crore for women-oriented schemes

Finance Minister Nirmala Sitharaman on Tuesday announced a budget allocation of more than 3 lakh crore for schemes and policies benefitting women and girls.

Also Read | Old vs New Income Tax Regime: Which will turn out to be beneficial for whom?

Namo Drone Didi

The government will boost women's workforce participation by organising women-specific skilling programmes and promoting market access for women's SHG enterprises.

The Finance Minister has allocated 500 crore for Namo Drone Didi. The initiative aims to provide 15,000 selected women self-help groups (SHGs) with drones from 2023-24 to 2025-2026 for rental services to farmers.

Stamp duty

The FM also urged state governments to reduce stamp duty charges for properties purchased by women. FM Sitharaman also mentioned that this reform will be made an essential part of urban development schemes.

“We will encourage states which continue to charge high stamp duty to moderate the rates for all and also consider further lowering duties for properties purchased by women. This reform will be made an essential component of urban development schemes,” said Nirmala Sitharaman.

Mission Shakti

The government has also increased budget allocation for schemes under Mission Shakti from 2,325 crore to 3,146 crore. Mission Shakti, which stands for Mission for Protection and Empowerment for Women, includes schemes like Beti Bachao Beti Padhao, Nari Adalat, Mahila Police, etc.

Widow Home, Working Women Hostel, Creche Scheme

To ease the difficulty of finding a suitable house to rent for women who want to move into a new city for a job or to study, the government will focus on increasing the number of hostels for working women. These hostels will be set up in collaboration with industry.

“We will facilitate higher participation of women in the workforce through setting up of working women hostels in collaboration with industry and establishing creches," said Nirmala Sitharaman in her budget speech on Tuesday.

Budgetary allocation for SAMARTHYA, which includes schemes like Shakti Sadan (Swadhar, Ujjawala, Widow Home), Shakhi Niwas (Working Women Hostel), Palna (National Creche Scheme), etc, has increased from 1,863.85 crore in FY24 to 2,516.97 crore in FY25.

Schemes for women safety

The PM Modi-led government has doubled the budgetary allocation for Nirbhaya Fund transfer from 100 crore in FY 24 to 200 crore in FY25. Nirbhaya Fund was established by the central government in response to the Nirbhaya rape case in 2013 to improve women's safety and security. This year's budget allocation for all schemes for the safety of women stood at 1,105 crore.

Catch all the Budget News , Business News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:24 Jul 2024, 04:17 PM IST
Business NewsBudgetBudget 2024: From Namo Drone Didi to Mission Shakti—Check 6 key announcements for women empowerment

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Vedanta share price

    472.05
    03:59 PM | 17 OCT 2024
    -14.75 (-3.03%)

    Tata Steel share price

    152.35
    03:58 PM | 17 OCT 2024
    -2.9 (-1.87%)

    Bharat Petroleum Corporation share price

    342.50
    03:55 PM | 17 OCT 2024
    -8.35 (-2.38%)

    Tata Power share price

    450.05
    03:41 PM | 17 OCT 2024
    -10.3 (-2.24%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Tech Mahindra share price

    1,699.55
    03:59 PM | 17 OCT 2024
    39.6 (2.39%)

    Firstsource Solutions share price

    339.20
    03:54 PM | 17 OCT 2024
    1.9 (0.56%)

    Computer Age Management Services share price

    4,860.80
    03:55 PM | 17 OCT 2024
    25.55 (0.53%)

    EPL share price

    267.80
    03:29 PM | 17 OCT 2024
    -3.9 (-1.44%)
    More from 52 Week High

    Oberoi Realty share price

    1,905.30
    03:29 PM | 17 OCT 2024
    -125.7 (-6.19%)

    Himadri Speciality Chemical share price

    623.10
    03:59 PM | 17 OCT 2024
    -39.7 (-5.99%)

    Piramal Enterprises share price

    1,039.00
    03:29 PM | 17 OCT 2024
    -65.25 (-5.91%)

    Havells India share price

    1,826.35
    03:53 PM | 17 OCT 2024
    -113.2 (-5.84%)
    More from Top Losers

    Mphasis share price

    3,080.30
    03:59 PM | 17 OCT 2024
    169.6 (5.83%)

    Karur Vysya Bank share price

    214.50
    03:29 PM | 17 OCT 2024
    10.45 (5.12%)

    HEG share price

    2,570.80
    03:44 PM | 17 OCT 2024
    90.65 (3.66%)

    National Aluminium Company share price

    225.10
    03:48 PM | 17 OCT 2024
    7.6 (3.49%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      77,915.00510.00
      Chennai
      77,921.00510.00
      Delhi
      78,073.00510.00
      Kolkata
      77,925.00510.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.85/L0.10
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in Budget

        HomeMarketsPremiumInstant LoanMint Shorts