All about Odisha’s Subhadra Scheme

All about Odisha’s Subhadra Scheme

• On September 17, 2024, the Government of Odisha introduced the Subhadra Scheme.
• This initiative is focused on empowering women aged 21 to 60 from economically weaker sections.
• Prime Minister Narendra Modi inaugurated the scheme.
• It is anticipated to benefit over 1 crore women in Odisha.

Objectives

• The Subhadra Scheme aims to offer direct financial aid to eligible women to enhance economic empowerment.
• Each woman enrolled will be granted ₹50,000 over a period of five years, beginning with the fiscal year 2024-25.
• The amount is distributed in two annual installments of ₹5,000 each.
• Installments are provided on Raksha Bandhan and International Women’s Day.
• This method ensures a consistent flow of financial support.

Features

• Eligibility: Women aged 21 to 60 years from economically disadvantaged backgrounds. Exclusions apply to government employees, income-tax payers, and women receiving more than ₹1,500 per month from other government schemes.
• Installments: Each eligible woman receives ₹10,000 annually in two installments.
• Duration: The scheme spans five years, from 2024 to 2029.
• Registration: Registration began on September 1, 2024, and remains open with no set deadline, ensuring maximum participation. More than 5 million women have registered so far.
• Incentives: In each gram panchayat and urban area, the top 100 beneficiaries with the highest number of digital transactions will be awarded an extra ₹500.
• Debit Card: Beneficiaries receive a “Subhadra Debit Card” to facilitate smooth transactions.

Implementation

• The government uses the JAM trinity (Jan Dhan-Aadhaar-Mobile) to streamline fund delivery.
• Beneficiaries are required to complete e-KYC to be eligible for the scheme.
• As of September 17, 2024, over ₹1,250 crore has been distributed to more than 2.5 million registered women.
• The program has a total budget of ₹55,825 crore for the period from 2024 to 2029.

Impact and Significance

• The Subhadra Scheme is named after Devi Subhadra, the sister of Lord Jagannath, adding to its cultural significance and acceptance in Odisha.
• This cultural connection has enhanced the scheme’s popularity in the state.
• The scheme is anticipated to have a multiplier effect on the economy.
• It is projected to contribute ₹2.5 lakh crore to Odisha’s economy over the next five years.

Political Context

• Subhadra Yojana was a significant pledge in the BJP’s 2024 election manifesto for Odisha.
• It was introduced as a direct counter to the BJD’s Mission Shakti program, which had substantial support among women.
• The execution of Subhadra Yojana contributed to the BJP’s major win in Odisha’s Assembly elections.
• This victory ended 24 years of BJD governance in the state.

Registration and Participation

• The scheme excludes women from affluent families, government employees, and income-tax payers.
• Registration is currently in progress, with many women updating their Aadhaar information at banks and common service centers.
• There is no fixed deadline for registration, allowing all eligible participants to enroll at their convenience.

Important questions

1. What is the main goal of the Subhadra Scheme launched by the Government of Odisha?
2. How much financial aid will each eligible woman receive under the Subhadra Scheme over the five-year period?
3. On which dates are the installments of the Subhadra Scheme distributed each year?
4. What is the total budget designated for the Subhadra Scheme for the period from 2024 to 2029?
5. How does the Subhadra Scheme’s cultural connection influence its popularity and significance in Odisha?

Conclusion

The Subhadra Scheme is a transformative program aimed at empowering women in Odisha by providing them with direct financial assistance. With its inclusive and culturally significant approach, the scheme not only fulfills a key electoral promise but also sets the stage for economic empowerment of women in the state. With a considerable budget and a wide-reaching target audience, the Subhadra Scheme is set to profoundly influence Odisha’s socio-economic environment.

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