BUSINESS

Welfare Funds For Women And Children Increased In Union Budget Announced By Arun Jaitley

He also announced the setting up of Mahila Shakti Kendra at village level with an allocation of ₹500 crores.

01/02/2017 2:15 PM IST | Updated 01/02/2017 3:05 PM IST
Hindustan Times via Getty Images

NEW DELHI -- Presenting his fourth Union Budget, Finance Minister Arun Jaitley on Wednesday announced that funds for the welfare of women and children under various schemes across all ministries would be increased from ₹1,56,528 crores (2016-17) to ₹1,84,632 crores (2017-18).

Jaitley also announced the setting up of Mahila Shakti Kendra at village level with an allocation of ₹500 crores in 14 lakh ICDS anganwadi centres. He said these centres will provide one stop convergent support services for empowering rural women with opportunities for skill development, employment, digital literacy, health and nutrition.

He also said that under the nationwide scheme for financial assistance to pregnant women announced by Prime Minister Narendra Modi on 31 December, 2016, ₹6,000 each will be transferred directly to the bank accounts of pregnant women who undergo institutional delivery and vaccinate their children.

In order to facilitate higher investment in affordable housing, the finance minister in his budget speech proposed that affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits.

He added that in addition to the interest subvention for housing loans announced by the Prime Minister and the reduced lending rates by Banks post-demonetisation, the National Housing Bank will refinance individual housing loans of about ₹20,000 crore in 2017-18.

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