Women empower the nation. Considering this, the Indian Government has started several welfare schemes for women in India.
One of the first steps in empowering women is to provide them with adequate financial stability. In many cases, women who have violent and toxic relationships feel trapped and helpless because they lack financial independence.
Countries around the world, including India, emphasize the empowerment of women. The Indian Government has recognized women’s contribution to the country’s economy. And launched several programs and initiatives to empower women.
In this article, we will look at the various plans and schemes launched by the Government to empower women in India.
Government Welfare Programs for Women in India
The government of India has initiated several schemes for women’s empowerment. Here are 5 schemes the government started to help women open new avenues and improve their lives in urban and rural areas.
Bharathiya Mahila Bank Loan Scheme
Bharathiya Mahila Bank Business is one of the welfare schemes for women in India. The scheme is tailored for those women entrepreneurs who wish to have a business with limited resources.
This system aims to provide financial assistance to women in need. Women who want to opt for this program can avail of a loan of up to 200 million (20 Crores). The repayment period is seven years.
Women can take this loan for four types of businesses- BMB Shringaar Loan (to launch or run a salon or beauty parlor). BMB Annapurna Loan (launching or running a food catering business). BMB Parvarish (launching a daycare center for children anywhere in India). And BMB SME Easy (women in small and medium-scale enterprises).
This loan scheme is most suitable for establishing a manufacturing company. One of the advantages of this loan is that no collateral is required for up to 1 crore for Micro and small businesses.
The terms of this scheme have not changed since its introduction in 2017, although Bharatiya Mahila Bank has merged with the State Bank of India (SBI). The lending bank will tell you the interest rate of this scheme.
Working Women Hostel Scheme
With the gradual change in the social and economic structure of the country, more and more women are leaving their homes and looking for work in large cities and urban and rural industrial sectors. One of the biggest problems for such women is the lack of safe and comfortable living.
Concerned about the difficulties these working women face, the Indian government introduced a working women hostel scheme.
The scheme aims to support the construction of new buildings/expansion of old buildings to provide housing for working women in cities, towns, and rural areas where women have job opportunities.
The program aims to provide safe and comfortable housing for working women and daycare facilities for their children, especially in urban, suburban, or even rural areas where women have job opportunities.
The scheme is meant for women who may be divorced, widowed, unmarried, or married, but their spouses or close relatives do not live in the same city. Women from weaker sections may be given priority under this scheme.
Working women hostel scheme accommodates women under training for jobs, provided that the total duration of the training is not more than one year.
Working women having an income of Rs. Fifty thousand (50000) in metropolitan cities and Rs. Thirty-five thousand (35,000) in other places are entitled to a hostel facility. For details, refer to wcd. nic.in
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Mudra Yojana Scheme
Mudra Yojana Scheme is among the welfare schemes for women in India. The sole purpose of the Mudra loans is to promote the business culture of India and is given under the Pradhan Mantri Mudra Yojana (PMMY).
The scheme is not only for women but is a helping hand for women who want to start a business in India.
Anyone can avail of PMMY (Pradhan Mantri Mudra Yojana) loans to set up, expand, support, or modernize their Small and Medium Enterprises. 70% of loans have been sanctioned to women since the Mudra Yojana Scheme launch.
Mahila loan yojana is a specially designed system for women who are just starting, where women from all walks of life can obtain these loans. However, to be eligible, they must meet specific eligibility requirements.
- Entrepreneurs who run manufacturing companies are entitled to PMMY loans. Examples are craftsmen, artisans, weavers, and so on.
- These loans can be used by entrepreneurs who want to establish, expand or modernize a company providing services such as tailoring, mobile repair, photocopying, auto-repairing, beauty parlor, service centers, and more.
No securities are required to qualify for this mudra yojana loan. Individual loans of up to Rs 50,000 are provided, but a group of women in collaboration can apply for this program.
The credit limit for this loan scheme is Rs 50,000 to 10,00,000. A woman must provide security if she wants more than Rs 10 lakh.
Three types of loans are sanctioned under Mudra Yojana Loan, which are:
- Shishu: Loan amount up to Rs. 50,000/
- Kishor: Amount above Rs. 50,000 up to 5,00000/
- Tarun: Loan above 5 lakhs up to 10 lakhs
Dena Shakti Scheme
The Dena Shakti scheme’s primary goal is to provide affordable funding for women entrepreneurs involved in various activities such as agriculture, manufacturing, micro-credit, retail stores, education, housing, etc.
The aim of establishing the Dena Bank, a public sector bank, is to increase economic opportunities for women and pave the way for their economic liberation. The bank is establishing a credit network for women entrepreneurs.
The Dena Shakti scheme is a loan scheme that can meet working capital needs or develop a business.
Women who want to engage in activities like agriculture, manufacturing, retail stores, etc., can benefit from this scheme and avail of this loan from Rs. 50,000 up to 20 lakhs.
Under the Dena Shakti Bank scheme, a woman can get a loan for:
- Agriculture activities – loan amount up to 20 lakhs
- Manufacturing, retail trader, or small enterprises – loan amount up to 20 lakhs
- Retail Trader and micro-credit – loan amount up to 50,000 for micro-credit schemes
- Repayment period: 7 years
- Processing fee: 0.5% of the loan amount
One-Stop Centre (OSC) is one of the Welfare Schemes for Women in India under the Department of Women and Children Development. The scheme aims to support women victims of violence in the private and public sectors, family, community, and workplace.
Women who are physically, sexually, mentally, spiritually, and financially abused, regardless of age, class, class, education, marital status, race, or culture, are given support and recovery.
Specialized services are provided to women in these one-stop centers who have been victims of sexual harassment, domestic violence, human trafficking, honor crimes, acid attacks, or witch-hunting.
The goals of the system are:
- The one-stop centers support and assist women victims of violence in the private and public sectors under one roof.
- Provide immediate access to several essential services. These services include medical, legal aid, psychological support, and counseling to fight against violence against women.
Services provided by OSC
- Rescue services
- Medical assistance
- Psychological – social support/counseling
- Legal aid and advice
- Shelter, etc.
For full details about the scheme, visit wcd.nic.in
The schemes we discuss here are helping women to empower them. Initiatives aimed at women make them independent and take positions or make decisions. Women empowerment schemes aim to eliminate gender-based discrimination against women in business, education, etc.
The above-mentioned women’s empowerment programs are initiatives by the government to eliminate gender bias in all possible ways so that women can start entrepreneurship.
In addition to women’s initiatives, the Indian constitution also provides protection for women’s education, rights, and equality in all areas.