News Business Budget Panel to be set up to evaluate ways to encourage women participation in economy: Finance Minister

Panel to be set up to evaluate ways to encourage women participation in economy: Finance Minister

Presenting the first Budget of the Modi government in its second term, Sitharaman proposed to expand self help groups (SHG) to all districts and said one woman in every SHG will get loan of up to Rs 1 lakh under Mudra Yojana.

Women participation in economy Image Source : FILE PHOTOWomen participation in economy

Finance Minister Nirmala Sitharaman Friday said a committee will be set up to evaluate, suggest measures to encourage and facilitate women participation in country's development.

Presenting the first Budget of the Modi government in its second term, Sitharaman proposed to expand self help groups (SHG) to all districts and said one woman in every SHG will get loan of up to Rs 1 lakh under Mudra Yojana.

She further noted that the government will streamline multiple labour laws into a set of four labour codes.

Sitharaman noted that major economies will face labour shortage and added India will focus on training new age skills like artificial intelligence (AI), robotics, 3D printing.

The government will also launch mission to integrate traditional artisans and creative persons with global market and will work to obtain GI/patents for them.

She also said the government aims to bring greater ease of living for citizens.

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