Odisha CM disburses ₹5,100cr under Subhadra Yojana on Women's Day
What's the story
Odisha Chief Minister Mohan Charan Majhi has disbursed over ₹5,100 crore under the Subhadra Yojana on International Women's Day. The scheme aims to empower women socially and economically by providing direct financial assistance, according to a report by PTI. This fourth installment of the program was distributed at a special event in Puri, with state ministers joining virtually from different districts.
Financial impact
Scheme has made women financially independent: Majhi
The Chief Minister said that his government has empowered women through the Subhadra Yojana. He added that the scheme has made them financially independent and self-reliant. Those who are criticizing the scheme should know that this money will go to the market of the state...it will go to small traders, artists who are producing small items, Majhi said.
Scheme goals
More about the Subhadra Yojana
The Subhadra Yojana was launched by Prime Minister Narendra Modi on his birthday, September 17, 2024. It aims to make women financially independent and self-reliant by providing ₹50,000 over five years (2024-25 to 2028-29). Each beneficiary receives ₹10,000 per year in two installments of ₹5,000 each, one on International Women's Day and the other on Raksha Bandhan.
Economic contribution
'Women beneficiaries will play major role in building Viksit Odisha'
Deputy Chief Minister Pravati Parida said women beneficiaries will play a major role in building Viksit Odisha by 2036. The distribution of over ₹20,000 crore under the scheme shows the government's commitment to women's empowerment, she added. The state government has already transferred more than ₹15,000 crore to beneficiaries' bank accounts.