6 months ago
57
ARTICLE AD BOX
NEW DELHI: Direct currency transfers to women person go the norm crossed states, with 12 present offering them, up from 2 successful 2022-23. This year, the states are cumulatively projected to walk Rs 1,68,050 crore, oregon 0.5% of GDP, connected unconditional currency transfers to women, a survey by PRS Legislative Research has said.
Just 2 years ago, the fig was little than 0.2% of GDP.Be it Gruh Lakshmi successful Karnataka, Ladli Behna successful MP, Ladki Behin successful Maharashtra oregon Mukhyamantri Mahila Rozgar Yojana successful Bihar, parties crossed the governmental spectrum person been utilizing currency transfers to women arsenic a mode to rapidly scope retired to voters up of polls. The beneficiaries are intelligibly happy, though the authorities exchequer feels the strain of specified bounties.
Assam and West Bengal, wherever assembly elections are owed adjacent year, person accrued allocation for these schemes.
Compared to the revised estimates for the past fiscal year, Assam has accrued the outlay by 31%, portion the emergence successful Bengal is 15%. In Oct 2024, Jharkhand accrued the monthly payout nether the CM Maiyan Samman Yojana from Rs 1,000 to Rs 2,500. Parties often person to rotation backmost immoderate of them arsenic authorities finances bash not springiness them headroom to spend. For instance, the study said, successful April, Maharashtra reduced the monthly payment nether CM Ladki Bahin Yojana from Rs 1,500 to Rs 500 for women receiving Rs 1,000 nether different nonstop payment transportation strategy for farmers.
A inclination that started with currency transfers to farmers successful Odisha has since been expanded. RBI has already cautioned states connected the rising walk connected subsidies, workplace indebtedness waivers and currency transfers.
The PRS study says, "Among the 12 states implementing unconditional currency transportation schemes, six person estimated a gross shortage successful 2025-26. However, adjusting the gross equilibrium to exclude spending connected UCT schemes shows an betterment successful fiscal indicators of these states. That is, each different things remaining constant, these currency transfers effect successful Karnataka moving from a gross surplus of 0.3% of GSDP to a gross shortage of 0.6% of GSDP. Similarly, these transfers trim Madhya Pradesh's gross surplus from 1.1% of GSDP to a marginal 0.4% of GSDP."
