Budget 2025: FM announces new scheme for women, SC, ST entrepreneurs, offers term loans up to Rs 2 cr

FM announced the Saksham Anganwadi and Poshan 2.0 programme under which nutritional support will be provided to more than 8 crore children, 1 crore pregnant women and lactating mothers all over the country

By  Storyboard18Feb 1, 2025 2:01 PM
Budget 2025: FM announces new scheme for women, SC, ST entrepreneurs, offers term loans up to Rs 2 cr
Union Finance Minister Nirmala Sitharaman presented Budget in the Parliament on Saturday. (Photo: ANI Twitter)

Union Finance Minister Nirmala Sitharaman announced the eighth consecutive budget on Saturday. The key document focused on the poor, women, youth, and farmers.

FM Sitharaman announced a new scheme for 5 lakh women, Scheduled Castes, and Scheduled Tribes first-time entrepreneurs in her budget speech in the Parliament today. FM said, "This will provide term loans up to Rs 2 crore during the next 5 years. The scheme will incorporate lessons from the successful Stand-Up India scheme. Online capacity building for entrepreneurship and managerial skills will also be organized.

Further, the FM announced the Saksham Anganwadi and Poshan 2.0 programme under which nutritional support will be provided to more than 8 crore children, 1 crore pregnant women and lactating mothers all over the country, and about 20 lakh adolescent girls in aspirational districts and north-east region.

"The cost norms for the nutritional support will be enhanced appropriately," FM added.

The Budget 2025's theme focused on "Sabka Vikas", stimulating balanced growth of all regions.

Citing Telugu poet Gurajada Appa Rao's line ‘Desamante Matti Kaadoi, Desamante Manushuloi’; meaning, ‘A country is not just its soil, a country is its people', FM said Viksit Bharat encompasses: a) zero-poverty; b) hundred percent good quality school education; c) access to high-quality, affordable, and comprehensive healthcare; d) hundred percent skilled labour with meaningful employment; e) seventy percent women in economic activities; and f)farmers making our country the ‘food basket of the world’.

First Published on Feb 1, 2025 12:52 PM

More from Storyboard18

How it Works

Ecommerce sector to see 7% wage growth for blue-collar workers: Deloitte report

Ecommerce sector to see 7% wage growth for blue-collar workers: Deloitte report

How it Works

Indian film bodies declare boycott of Turkey over Pro-Pakistan stance amid rising tensions

Indian film bodies declare boycott of Turkey over Pro-Pakistan stance amid rising tensions

How it Works

Amazon cuts 100 jobs in devices and streaming unit

Amazon cuts 100 jobs in devices and streaming unit

How it Works

Abhinandan Lodha rebrands holding company to 'Abhinandan Ventures' following trademark settlement

Abhinandan Lodha rebrands holding company to 'Abhinandan Ventures' following trademark settlement

How it Works

CAIT urges ban on sale of Pakistani flags, merchandise on e-commerce platforms

CAIT urges ban on sale of Pakistani flags, merchandise on e-commerce platforms

How it Works

#BoycottTurkey trends on social media amid India-Pakistan tensions

#BoycottTurkey trends on social media amid India-Pakistan tensions

How it Works

E-commerce adoption soars in India's smaller cities, to reach 65% share by 2030: Anarock report

E-commerce adoption soars in India's smaller cities, to reach 65% share by 2030: Anarock report

Brand Makers

Virat Kohli’s grand property portfolio: Inside the cricketer’s real estate empire

Virat Kohli’s grand property portfolio: Inside the cricketer’s real estate empire