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NEW DELHI: Several initiatives launched by the Centre such as financial inclusion, rural microfinance, property rights in rural housing have helped strengthen women-led development in the country, according to the finance ministry’s monthly report.
“For women-led development to be actualised in its true sense, the prerequisites of equal opportunity and basic needs must be fulfilled.This has inspired multifarious initiatives by the government to improve the quality of lives of women, enabling their economically productive participation in the workforce,” says the September monthly economic report.
The report said access to financial services is known to improve women’s control over household resources, and is a gateway to accessing credit and insurance. The PM Jan Dhan Yojana has facilitated the opening of 50 crore bank accounts, out of which 56% of account holders are women as of August 2023. This is accompanied by a rise in average deposits by nearly four times, from Rs 1,065 in March 2015 to Rs 4,087 in March 2023.
It said that the Deendayal Antyodaya Yojana-National Rural Livelihood Mission, the government’s self help groups (SHGs) programme, has covered nearly 9 crore women through 83 lakh SHGs. Recently, the Centre has targeted the creation of 2 crore ‘Lakhpati Didis’ (women with annual earnings of Rs 1 lakh and more) through skilling of SHG members with marketable skills, such as, plumbing, LED bulb making, and operation of drones and repair, among other activities.
The report said that under the PM AWAS Yojana (Gramin), 26.6% of the 2.4 crore completed houses are solely in the name of women and 69% are jointly in the name of wife and husband.
“For women-led development to be actualised in its true sense, the prerequisites of equal opportunity and basic needs must be fulfilled.This has inspired multifarious initiatives by the government to improve the quality of lives of women, enabling their economically productive participation in the workforce,” says the September monthly economic report.
The report said access to financial services is known to improve women’s control over household resources, and is a gateway to accessing credit and insurance. The PM Jan Dhan Yojana has facilitated the opening of 50 crore bank accounts, out of which 56% of account holders are women as of August 2023. This is accompanied by a rise in average deposits by nearly four times, from Rs 1,065 in March 2015 to Rs 4,087 in March 2023.
It said that the Deendayal Antyodaya Yojana-National Rural Livelihood Mission, the government’s self help groups (SHGs) programme, has covered nearly 9 crore women through 83 lakh SHGs. Recently, the Centre has targeted the creation of 2 crore ‘Lakhpati Didis’ (women with annual earnings of Rs 1 lakh and more) through skilling of SHG members with marketable skills, such as, plumbing, LED bulb making, and operation of drones and repair, among other activities.
The report said that under the PM AWAS Yojana (Gramin), 26.6% of the 2.4 crore completed houses are solely in the name of women and 69% are jointly in the name of wife and husband.
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