Chidambaram woos women
Bengaluru: With major plans for women, Finance Minister P Chidambaram on Thursday has wooed the fair sex.
High among the plans is the allocation of Rs 1000 crore for safety and empowerment of women which will be called Nirbhaya Fund.
The country is also all set to get an all-women bank by this year with the government announcing an initial capital of Rs 1,000 crore for the purpose.
Announcing the Budget proposals for 2013-14, Finance Minister P Chidambaram said the bank is likely to be set by October this year.
"I...propose to set up India's first women bank as the public sector. I shall provide Rs 1,000 crore as initial capital. I hope to obtain the necessary approval and banking licence by October, 2013," he said.
The proposed bank will lend mostly to women and women run businesses, support women SHGs and womens livelihood, he said. It will employ predominately women which addresses the gender related issues and empowerment and financial inclusion, he added.
The other schemes are:
Rs 1000 crore set apart for Nirhbaya Fund for safety and empowerment of women.
FY14 Gender budget has Rs 97134 crore
Rs 1000 crore initial capital for a new all-women's bank which will be another public sector bank
The first women's bank of India will be set up by October
To allott Rs 37333cr for health, family welfare in FY14
Big pat for ICDS for spending the entire amount for development
Sufficient funds for programmes for women, children
Additional Rs 200 crore to be given to women and child welfare ministry
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