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New plan for women may be coming, government banks should start functioning

Sagar Patel

By Sagar Patel

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The money may arrive soon Image credit source: Stock Photo

The country’s public sector banks have a big task these days. They have been asked to prepare a special plan that will be especially helpful in meeting the capital needs of women entrepreneurs or their startups.

The Department of Financial Services, which comes under the Ministry of Finance of the government, is working in this direction in collaboration with public sector banks under EASE 7.0. Let’s understand the whole thing…

Government banks began to function.

The Department of Financial Services has asked government banks in the country to come up with a common strategy or come up with a plan through which women can get funds to start businesses or new businesses. Nowadays, in the current financial structure of the country, it happens many times that women cannot get adequate financing for their work.

According to Mint News, this scheme will be part of the government’s ‘Enhanced Access and Service Excellence’ (EASE 7.0) reform agenda. The government has set many objectives within the framework of this reform agenda. This includes risk assessment, NPA management, financial inclusion, customer service and digital transformation.

Important role of women in elections

Women voters have played an important role in these Lok Sabha elections. Around 31.2 million women in the country exercised their right to vote. The vote among women has been better in percentage terms.

This time, the two major alliances had made big promises to woo women voters in the elections. Just like Prime Minister Narendra Modi talked about schemes like Lakhpati Didi and Drone Didi. At the same time, Rahul Gandhi had promised ‘Mahalakshmi Yojana’ in the Congress manifesto, in which women were guaranteed to receive up to Rs 1 lakh a year.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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