In the Union Budget 2024, Finance Minister Nirmala Sitharaman highlighted new initiatives to boost women’s participation in the workforce. The government plans to establish working women’s hostels and create partnerships to offer women-specific skilling programs. These measures aim to provide better support for working women and encourage their higher participation in the job market.
Finance Minister Nirmala Sitharaman says, “Working women hostels will be set up. Higher participation of women in workforce to be promoted through hostels and creches…Our government will bring National Cooperation Policy for overall development. Our government will provide financial support for loans upto 10 lakhs for higher education in domestic institutions”
The Finance Minister also emphasized a broad focus on four key groups: the poor, women, youth, and farmers. For farmers, higher Minimum Support Prices (MSP) for major crops were announced last month.
The PM Garib Kalyan Anna Yojana has been extended for five more years, benefiting over 80 crore people. Sitharaman assured that administrative actions for the implementation of these schemes are progressing smoothly.
