Subhadra Yojana Explained

Country:India
Budget:₹55,825 crore (2024–2029)
Ministry:Ministry of Women and Child Development
Key People:Narendra Modi (Prime Minister), Mohan Charan Majhi (Chief Minister of Odisha)
Subhadra Yojana
Launch Date:September 17, 2024
Launch Place:Odisha
Current Status:On going

Subhadra Yojana (introduced 17 September 2024) is a women-centric welfare scheme launched by the Government of Odisha aiming on empowering women aged 21 to 60 years by providing direct financial assistance. The initiative, inaugurated by Prime Minister Narendra Modi, intends to benefit over 1 crore women across the state of Odisha.[1] [2] [3]

Objective

The main objective of the Subhadra Yojana is to provide financial assistance to women from economically weaker sections, thereby promoting economic empowerment. Women eligible under the scheme will receive ₹50,000 over a five-year period, starting from the fiscal year 2024–25. The funds are transferred directly into Aadhaar-linked bank accounts through two annual instalments of ₹5,000, disbursed on Raksha Bandhan and International Women's Day.[4] [5] [6]

Key Features

Implementation

The government aims to leverage the JAM trinity (Jan Dhan-Aadhaar-Mobile) to ensure efficient delivery of the funds. Beneficiaries must complete e-KYC to qualify for the scheme. As of September 17, 2024, ₹1,250 crore was transferred to over 25 lakh registered women.[7] [8]

Political and Economic Impact

Subhadra Yojana was a key promise in the BJP's 2024 election manifesto in Odisha. The scheme, named after Devi Subhadra, sister of Lord Jagannath, holds cultural significance in the state. It also serves as a direct counter to the BJD's Mission Shakti program.[9]

Economists suggest that the scheme, with a budget of ₹55,825 crore, will generate a multiplier effect, potentially contributing ₹2.5 lakh crore to Odisha's economy over the next five years.[10]

See also

External links

Notes and References

  1. News: 2024-09-17 . PM Modi launches Odisha's flagship Subhadra Scheme, projects over Rs 3800 crore . 2024-09-17 . The Times of India . 0971-8257.
  2. News: PTI . 2024-09-17 . PM Modi launches Subhadra, Odisha's financial assistance scheme for women . 2024-09-17 . The Hindu . en-IN . 0971-751X.
  3. Web site: Service . Express News . 2024-09-17 . Modi to fulfil BJP's big promise with Subhadra rollout today . 2024-09-17 . The New Indian Express . en.
  4. Web site: 2024-09-17 . Subhadra Yojana: PM Modi launches Subhadra Yojana. Check installment amount, eligibility, benefits, registration details . 2024-09-17 . Business Today . en.
  5. Web site: PTI . PM Modi launches Odisha govt's 'Subhadra' scheme, railway, NH projects worth over Rs 3,800 cr . 2024-09-17 . Deccan Herald . en.
  6. News: 2024-09-16 . Govt tests Subhadra transaction with ₹1 transfer to accounts . 2024-09-17 . The Times of India . 0971-8257.
  7. Web site: PM Modi Launches Subhadra Yojana, Railway, Highway Projects In Odisha . 2024-09-17 . NDTV.com.
  8. Web site: PM Modi launches flagship women empowerment scheme 'SUBHADRA' in Odisha . 2024-09-17 . www.daijiworld.com . en.
  9. Web site: 2024-09-17 . PM Modi Unveils Projects Worth Over Rs 3,800 Crore, Launches Odisha's Subhadra Scheme . 2024-09-17 . News18 . en.
  10. Web site: 2024-09-17 . Odisha Subhadra Yojana : Apply Online . 2024-09-17 . Yojana Bihar . en.

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