Women-Centric Cash Transfer Schemes Reach Rs 2 Trillion Across India
In New Delhi, a report by SBI reveals that the Direct Benefit Transfer (DBT) amount to women through various schemes has surpassed Rs 2 trillion across multiple states. As elections approach, political parties are focusing on women-centric initiatives, promising direct cash transfers ranging from Rs 1,000 to Rs 2,000 per month.
The report highlights that these schemes are implemented by various state governments. Across eight states, an estimated Rs 2.11 lakh crore is being distributed under these schemes, accounting for about 3 to 11 percent of the respective state’s revenue receipts. The positive impact of these schemes is expected to boost consumption and economic spending, especially among low-income families.
Key Schemes and Allocations
In Karnataka, the ‘Gruha Lakshmi’ scheme provides Rs 2,000 per month to the female head of the family, with a budget of Rs 28,608 crore. Maharashtra’s ‘Mukhya Mantri Mazhi Ladki Bahin Yojana’ offers Rs 1,500 per month to eligible women aged 21-60 years, with Rs 46,000 crore allocated for the program. Madhya Pradesh’s ‘Mukhyamantri Ladli Behna Yojana’ has a budget of Rs 18,984 crore, providing Rs 1,250 per month to eligible women. Odisha’s Subhadra Yojana offers Rs 50,000 over five years to eligible women aged 21-60 years, with Rs 10,000 crore set aside for the scheme.
These initiatives reflect a growing trend of state-level interventions aimed at empowering women economically and encouraging voter engagement through women-centric schemes.
Doubts Revealed
SBI -: SBI stands for State Bank of India, which is one of the largest banks in India. It provides various banking services to people all over the country.
Direct Benefit Transfer (DBT) -: Direct Benefit Transfer (DBT) is a way the government sends money directly to people’s bank accounts. This helps ensure that the money reaches the right people without any middlemen.
Rs 2 Trillion -: Rs 2 Trillion is a very large amount of money. In numbers, it is written as 2,000,000,000,000 rupees. It shows how much money has been given to women through these schemes.
Women-Centric Initiatives -: Women-Centric Initiatives are special programs or schemes designed to help women. These can include financial help, education, or health benefits to support women’s growth and empowerment.
Gruha Lakshmi -: Gruha Lakshmi is a scheme in Karnataka that provides financial support to women. It aims to help women manage household expenses and improve their economic status.
Mukhya Mantri Mazhi Ladki Bahin Yojana -: This is a scheme in Maharashtra that focuses on helping women. It provides financial assistance to support their needs and empower them economically.
Mukhyamantri Ladli Behna Yojana -: This is a scheme in Madhya Pradesh that offers financial help to women. It aims to improve their living conditions and support their families.
Subhadra Yojana -: Subhadra Yojana is a scheme in Odisha that provides financial aid to women. It is designed to empower women and help them become more financially independent.
