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Nowadays, in 12 states of the country, the government is sending cash directly to the bank accounts of women every month. Be it Madhya Pradesh’s ‘Ladli Behna Yojana’ or Karnataka’s ‘Griha Lakshmi Yojana’, under schemes like these, lakhs of women are getting direct financial assistance of Rs 1,000 to 1,500. Its objective is clear – to make the woman of the house financially strong. This is a very good initiative, but have you ever thought that there is another side to it?
Heavy burden of Rs 1.68 lakh crore on the treasury
According to a recent report, these 12 states together will implement these schemes in this one year. Rs 1.68 lakh crore Are going to spend. This amount is so big that many big projects can be completed with it. Three years ago only two states were running such schemes, but now their number has increased to 12.
The result of this is that the situation of 6 out of these 12 states has become one of “income is eighty, expenditure is one rupee”. That means their expenses have increased more than their earnings, due to which they are facing financial losses. It has also been said in the report that if the expenditure of these schemes is removed, then the economic health of many states can improve significantly.
RBI also rang alarm bells
The Reserve Bank of India (RBI) has also expressed concern over this increasing trend. RBI says that if direct cash assistance and subsidies given to women, youth or farmers continue to increase like this, then the budget of the states will have a very bad impact. Due to this, there will be less money for development works like roads, schools, and hospitals.
What is the way forward?
It is true that these schemes have helped women a lot in running their homes and meeting their minor needs, and their self-confidence has also increased. But the other side of the coin is that the states will also have to pay attention to their depleting coffers.
What is needed is that governments strike a balance between empowerment and financial discipline. So that the help provided to women does not stop and the economic health of the state also does not deteriorate.
North India Statesman