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Current Affairs-Topics
Odisha's Subhadra Yojana: Empowering Women, Changing Lives
The Subhadra Yojana, launched by the Odisha government on Prime Minister Narendra Modi's 74th birthday, aims to provide financial assistance to women aged 21-60 years, ensuring economic independence and overall well-being. |
Overview and Objectives of Subhadra Yojana
- Launched by Odisha government on Prime Minister Narendra Modi's 74th birthday
- Named after Goddess Subhadra, sister of Lord Jagannath
- Aims to provide financial assistance to women aged 21-60 years
- Designed to ensure economic independence and overall well-being of women
- Targets to benefit over 1 crore women across the state over five years
Eligibility and Implementation
- Focused on women from economically weaker backgrounds
- Exclusions: wealthy families, government employees, income tax payers
- Women receiving ₹1,500 per month under other schemes also ineligible
- Beneficiaries to receive ₹10,000 annually, disbursed in two installments
- Payments made on Rakhi Purnima (₹5,000) and International Women's Day (₹5,000)
- Direct transfer to Aadhaar-linked bank accounts
- E-KYC verification mandatory for secure transactions
- Subhadra Debit Card issued to beneficiaries for easy access to funds
Financial Aspects and Incentives
- Total budget allocation of ₹55,825 crore over five years (2024-25 to 2028-29)
- ₹10,000 crore set aside for the first year (2024-25)
- Additional incentive of ₹500 for 100 beneficiaries with highest digital transactions in each gram panchayat and urban local body area
- Encourages digital literacy and financial inclusion among women
Political and Social Significance
- Launched as a key election promise by the BJP government
- Aims to attract women voters, particularly those in self-help groups
- Competes with BJD's Mission Shakti programme
- Seen as a step towards women's empowerment and gender equality
- Chief Minister Mohan Charan Majhi hails it as a "progressive and revolutionary scheme"
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