Union Budget 2025 Expectations: Key Measures for Women's Empowerment and Development

The Union Budget for 2025 will be unveiled on Saturday, February 1. This marks the first comprehensive budget of the Modi government's third term. The budget session commenced on January 31. Prior to the session, Prime Minister Narendra Modi addressed the media, highlighting the significance of Maa Lakshmi and centuries-old traditions. He emphasised the importance of Nari Shakti and women's development, hinting at potential major announcements for women in the upcoming budget.

Women's expectations from the budget

Many anticipate that Finance Minister Nirmala Sitharaman will introduce significant measures for women. The Mahila Samman Savings Scheme, currently set to expire on March 31, 2025, might see an extension. This extension would empower more women economically by allowing them to benefit from this scheme. Such initiatives are crucial for enhancing women's financial independence.

Women entrepreneurs are hopeful for supportive measures in the budget. They expect announcements of special schemes tailored for them. Ensuring access to affordable raw materials is also anticipated, which would aid in business expansion. These steps could significantly boost women's entrepreneurial ventures across the nation.

There is a strong desire among women for nationwide implementation of schemes like the Ladli Bahna Yojana. This initiative has received positive feedback in several states. Women are urging the central government to announce similar schemes in this budget. Such measures would provide financial assistance and enhance social security for women across India.

The budget session began on January 31 and will proceed in two phases. The first phase will continue until February 13, with a break due to Delhi Assembly elections on February 5. The second phase is scheduled from March 10 to April 4. During this session, the government plans to introduce 16 significant bills, including the Wakf Amendment Bill.

The legislative agenda includes several key bills such as the Banking (Amendment) Bill, Railways (Amendment) Bill, Disaster Management (Amendment) Bill, and the Finance Bill. These bills are crucial for various sectors and are expected to bring about significant changes once passed.

The focus on women's empowerment and economic development is evident in this year's budget discussions. With potential extensions of existing schemes and new initiatives on the horizon, there is hope for substantial progress in women's financial independence and entrepreneurial growth.