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Budget 2023: 5 things women want from Finance Minister Nirmala Sitharaman

Union Budget 2023 would be a great opportunity for the Finance Minister to focus on women's empowerment by providing them with adequate growth opportunities.

India TV Business Desk Edited By: India TV Business Desk New Delhi Updated on: January 30, 2023 13:03 IST
Budget 2023, nirmala sitharaman, budget news, women budget
Image Source : PTI Finance Minister Nirmala Sitharaman will table the budget on February 1.

Only 18%  of India's GDP is owned by women. The figure simply demonstrates the enormous potential that has not yet been realised. Women are an important part of India's rapid growth. Over the past few years, the government has implemented a number of progressive plans and policies, but there is still a long way to go.

BUDGET 2023: FULL COVERAGE

We are still dealing with the effects of the pandemic, and the Union Budget 2023 would be a great opportunity for the Finance Minister to focus on women's empowerment by providing them with adequate growth opportunities that could help close the gender gap in the economy.

Women want Finance Minister Nirmala Sitharaman to focus on the following five areas in this Budget:

Possession of assets and credit availability

Women hope that the Finance Minister will increase fiscal incentives for women to help close the economic gender gap. Tax breaks on the purchase of assets like cars and property could be examples of women-specific financial incentives. They will be motivated to acquire additional assets as a result, enhancing their economic independence.

Caregiving and pregnancy

With more money from the government, programs for new mothers and pregnant women can do a lot more good. This includes making programs like the Pradhan Mantri Matru Vandana Yojana more accessible to more people. Also, the FM can look into making it easier for women to find affordable childcare, which is one of the biggest obstacles to long-term employment for women. Women will be able to balance work and family obligations as a result of this.

Pension plans

It is common knowledge that women live longer lives than men do and frequently outlive their partners. As a result, in order to provide for themselves in later life, they require a larger retirement fund and a higher pension. The government might think about providing pension plans to those who do not already have one or increasing the amount of women's pensions.

Entrepreneurship by women

Access to financing for female entrepreneurs is a significant obstacle that requires attention. Women hope that women-owned businesses will have easier access to loans and subsidised credit, as well as tax breaks and seed capital grants for women entrepreneurs.

Education, health, and safety

In addition to the several programs that the government is already operating, such as the Beti Bachao, Beti Padhao, and the National Rural Livelihood Mission, the Budget needs to include provisions that will improve women's access to education, healthcare, and safety. The implementation and reach of these programs could be enhanced with more funding.

ALSO READ: Budget 2023: What do common people EXPECT from central government this fiscal year?

ALSO READ: PM Modi chairs review meeting of Council of Ministers ahead of Budget 2023

 

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