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  • Category: Finance and Investments

    What are the benefits for women in the 2018 Union Budget of India?


    Have a query about the benefits for women in the Union budget? Looking out for detailed information about the taxes, health policies and rebates or subsidies in various domains for women? Scroll through this page and resolve your concerns.

    The Finance Minister of India has announced the 2018 Union Budget.
    I would like to know the benefits that women are getting from this budget in terms of taxes, health policies & other sops?
  • #148397
    Many people are saying that this budget is working women-friendly budget. Although I am not very sure about that still now, some of the benefits for the women proposed in the current budget are as under:-

    1. The Government has substantially increased the allocation of National Rural Livelihood Mission to Rs. 5750 crore in 2018-19. Jaitley said that loans to Self Help Groups (SHGs) of women increased to about Rs 42500 crores in 2016-17, growing 37% over the previous year. This will further increase to Rs. 75000 crores during the next financial year (for which the Budget has been tabled).

    2. To boost women's participation in formal sector jobs, the Finance Minister has announced that only 8% EPF will be charged from women. (Although many women are hailing this announcement, I think this will hamper the savings of working women.)

    3. The Finance Minister has stressed the need to reach out to every household of old, widows, orphaned children, divyaang and deprived. He has proposed the implementation of a comprehensive social security and protection programme. He announced a sum of Rs. 9975 crores to be allocated for the National Social Assistance Programme for the aforestated marginalized group.

    4. The Finance Minister has proposed to increase the target of providing free LPG connections to 8 crores women living below the poverty line.

    5. Pregnant women and lactating mothers got a substantial financial assistance in the budget. The Indira Gandhi Matritva Sahyog Yojana (IGMSY), the Centre's key maternity benefits programme targeted at pregnant and lactating mothers, the allocation has gone up from Rs 400 crore in 2016-17 to Rs 21000 crore in the new fiscal year.

    6. Affordable housing will also be assured for women and children. The Finance Minister has also announced 90% hike for Nirbhaya fund.

    There are some more benefits especially for women, in the current budget, about which I am not fully clear till now.

    Caution: Explosive. Handle with care.

  • #148407
    This budget has not specifically introduced any new tax exemption or tax benefit for working women.

    However the already existing social schemes like loan to self help groups, Nirbhaya fund LPG connection, help to destitute etc are strengthened and allocations are increased significantly.

    No doubt, the benefit will be passed on to the needy and poor women indirectly through the Govt schemes. The financial thrust proposed by the Govt is admirable and shows a will to improve the situation of downtrodden and low income group women in our country.

    Knowledge is power.

  • #148408
    Finance Minister Mr. Arun Jaitley has presented his budget plan on 1st February 2018 in parliament. The key factors which favor women in this budget are:

    1. Ujjwala Yojana
    Under this scheme, free gas connections are given to women who are below poverty line. IN 2017 three crore gas connections are given and the target in this year is 8 crore.

    2. Mudra Scheme
    Under this scheme, women-entrepreneurs can get a loan of 10 lakh rupees without any security deposit. The interest rate is also very low. Although this scheme can be utilized by men the majority of the beneficiaries through this scheme are women. 76% of the mudra scheme utilizers are women. The aim in this budget is to increase further the number of women to avail Mudra loan.

    3. Deduction in Employee Provident Fund (EPF) rates
    Previously 12% of a woman's salary is deducted towards the provident fund. This deduction is reduced to 8% which means the takeaway home salary will be increased. This decision is intended to increase women employment in sector jobs.

    4. National Rural Livelihood Mission
    The funds for the National Rural Livelihood Mission has been increased to 5750crores. This mission aims to support the Self Help Groups (SHG) of women. The loan amount given under this scheme was 42,500 crores in 2017 and is aimed to increase to 75,000 crores by 2019.

    5. Sukanya Samriddhi Account Scheme
    Sukanya Samriddhi Account Scheme, which was started under 'Beti Bachao, Beti Padhao' has successfully opened 1.26 crore bank accounts in 2017. This is aimed to increase furthermore by 2019.

    6. National Social Assistance Programme
    A sum of Rs. 9975 crores have been allocated to National Social Assistance Programme to support the geriatric women, widows, and orphans who are economically deprived.

    Thank You
    Dr. V. Shashikanth

  • #148425
    In the run-up to the budget, the chief economic advisor of our country released the Economic Survey report 2018 with the pink color cover. This unique surprise was the first hint that the budget would be women friendly, empower them and narrow the gender gap.

    1.Reduction in Employee's Provident Fund contribution for women.
    For the first three years, the contribution to EPF will be only 8% for women (instead of the regular 10 or 12%).

    2.Improving self-reliance of rural women. Rural women under the Ujjwala Yojana will get free LPG to use instead of wood and other traditional sources.It has been increased to 8 crores from the existing 5 crore women below the poverty line women.

    3.Underprivileged women who dreamed of electricity now have a chance to make it real under the Saubhaga Yojana where in 4 crore new electricity connections

    4.National Rural Livelihood mission has been strengthened further. Self-help women's group can be happier as the loans ear-marked for them have gone up by 37% (42,000 crores(16-17) to 75,000 crores.

    5.New women entrepreneurs interested in startups will be glad as the Government has set apart Rs 3 lakh crores under the Mudra Yojana.

    6.Working mothers can breathe a little more easily with increased maternity leave from 12 weeks to 26 weeks. It has also promised creches so that eligible mothers can work without quitting or spending on child care.


    7.National Social Assitance Programme has received 9,975 crores. Among the other things, it would also help elderly women, orphan girl child, and widows.

    8.The existing Indira Gandhi Matritva Sahyog Yojana (started in 2010) gets an increase from 634 crores to 2700 crores and the Nirbhaya fund (set up in 2013 after the 2012 Nribhay case) gets 500 crores more to ensure women's safety.

    We should be careful about interpreting the figures as most of them are linked to a main existing program (Women and Child Development) and then sub-allocated to the specific ones highlighted for women.

  • #148495
    In the latest budget, our FM has proclaimed a number of benifits to women to uplift their status. Some of benifits are listed below-
    1) Maternity leave for the working women has been extended from 12 to 26 weeks. This is indeed a commendable job and would prove to be a great relief in case of working women.
    2) EPF contribution in respect of women - employees has been reduced to the level of 8.33 percent and in that way, they would need to pay a lesser amount.
    3) More money has been pumped in the nirvaya fund to strengthen the safety of women - folk.
    4) In Ujwala Yojna, more women would be entitled to gas- connection in the wake of additional fund thus enabling the women to use gas conveniently in lieu of the wood presently being in scarce condition.
    5) The present Goverment has created a huge fund for the women - entrepreneurs so that they can start business confidently.
    6) National Rural scheme has been strengthen with the allocation of more funds.
    7) There has been substantial surge in the Sukanya Samridhi account since its inception. At present, such account exceeds 1.3 crore. This scheme will help and encourage the women child to fare well in the field of education apart from availing the health - scheme in a much better way.


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