Finance Minister Nirmala Sitharaman announced a new scheme for 5 lakh women of SC-ST category in Budget 2025, in which they will get a term loan of Rs 2 crore.
Union Finance Minister Nirmala Sitharaman has announced a new scheme for 5 lakh women of Scheduled Caste and Tribe category in Budget 2025. Under this scheme, women of this society who are becoming entrepreneurs for the first time will be provided a term loan of Rs 2 crore in the next 5 years.
The learnings from the Standup India Scheme will also be included in this scheme. Workshops will be organized to promote business online and development of managerial skills.
The Finance Minister has said that the government will make a special policy to increase employment opportunities and entrepreneurship in high labor areas. A focus product scheme will be implemented to promote quality, productivity and competition in India’s footwear and leather sector. This scheme is expected to provide employment to 22 lakh people. Also, it is expected to generate revenue of Rs 4 lakh crore and exports of more than Rs 1.1 lakh crore.
Today, Finance Minister Nirmala Sitharaman is presenting her 8th budget. The government had already described this budget as special for women, poor and backward classes and middle class. Many steps are being taken by the government to promote entrepreneurship in the budget. Term insurance of up to Rs 2 crore for women of the backward class is an example of this. Apart from this, the government has assured help to new people to start small businesses. This is expected to boost employment opportunities.
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