Budget 2024 can sow inclusive growth for farmers & women to get a vibrant Bharat

economictimes.indiatimes.com:

Budget expectations: The union budget speech by the Hon. Minister of Finance in the previous year started off with emphasis on the economic empowerment of women. This was to be through developing the lakhs of SHGs in the country into viable income generating producer organisations and economically sustainable women enterprises. The budget also accorded renewed emphasis on enhancing the incomes of the largely small and marginal farmers of the country.

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These targets and priorities are in sync with the circumstance and needs of the stakeholder categories who constitute much of the Indian populace.

Budget boost for economic empowerment of women

There are over 8 crore women networks as SHGs in India. This is the largest such network in the world. These networks have largely facilitated financial inclusion, and not facilitated self-employment nor entrepreneurship as a source of income to the extent desired. The government of India is now visualising the evolution of “Lakhpati Mahila’s” from these networks.

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In this context, there is need to help these women SHGs to graduate into larger value chain focused and viable producer organisations and women enterprises undertaking a range of business activities.