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Home / IAS Preparation / Economic Enpowerment of Women

Economic Enpowerment of Women: Overview, Government Initiatives & Benefits!

Last Updated on Jan 22, 2024
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Empowering women economically means giving them the opportunity to achieve financial independence. It also helps them control their economic lives. The concept gives women an opportunity to attain this aim. The goal is to reduce gender inequity. Empowering women economically benefits the women and their families, communities, and society. The government has implemented various initiatives to promote economic empowerment. Credit and Training programs are few initiatives by the government. Economic empowerment increases income, living standards, and independence.

This topic is important part of social justice syllabus of UPSC examination and is important for both prelims and mains. In this article, we will cover Economic Empowerment of Women in detail.

What is Economic Empowerment? 

Economic empowerment means giving individuals the tools and chances they need to be a part of the economy. It includes factors such as:

  • Having control over money 
  • Getting jobs 
  • Being able to earn money to support themselves and their families.

Economic empowerment empowers people to earn and manage their financial resources. Work and income are essential for financial management. Having opportunities to work and earn income is crucial for making decisions about how to use that money. 

Economic empowerment of women leads:

  • Makes them independent 
  • To a better future 
  • To support themselves and their families

It provides them with the key to unlock their potential and live a better life.

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Steps Taken by Govt to Improve Economic Empowerment

The government is empowering women economically. This goal is getting close to completion. Women's economic independence benefits them and their families. The government encourages women's economic empowerment with some of the steps mentioned below:

Education and Skill Devwelopment

Education is considered important to empowerment by the government. Their primary aim is to provide good education opportunities for girls. They provide skill-building programs for women to enhance their job potential. Women can improve their job opportunities and income by acquiring knowledge and skills.

Financial Support and Entrepreneurship

Women who want to start their own businesses can receive financial help from the government. 

The government provides: 

  • Loans with low interest rates.
  • Offer business training to their clients. 

Empowering women to become self-reliant and create their own job opportunities is beneficial for the economy.

More Job Opportunities

The government aims to provide better job opportunities for women. Companies are encouraged to treat women fairly and pay them well. They also reserve some jobs for women in the government and public sectors. This helps women find stable jobs and support themselves financially.

Awareness and Support

The government educates people on women empowerment through campaigns. The aim is to make sure that women get equal and respectful treatment from all. The government provides guidance and legal assistance as support services. 

Schemes and Programs for Women

The government offers programs for women to improve their economic success. For example, the Rajiv Gandhi Scheme aims to empower adolescent girls. It provides them with good food, education, and skills training. The Stree Shakti Puraskaar Yojana honors successful women who have made a big difference in their fields.

The government is taking steps to empower women and give them control over their lives. This will create a world where women can be successful. The goal of the government is to: 

  • Ensure gender equality in opportunities and
  • Decision-making about finances and employment.

Women earning money and sustaining themselves benefit their families and society. The government is working toward women's economic empowerment. They have taken major steps. Programs have been created to help women. These programs aim to overcome societal obstacles. Some of the important initiatives are:

Rajiv Gandhi Scheme for Empowerment of Adolescent Girls (RGSEAG)

The RGSEAG program supports girls aged 11 to 18. It provides them with good nutrition, healthcare, education, and skills training. A strong foundation is provided for a better future. 

The program aims:

  • To empower adolescent girls. 
  • To work as a special initiative for women. 
  • To offer opportunities and support for growth, learning, and success. 

Health and Nutrition

The scheme highlights the significance of maintaining good health and proper nutrition. Girls receive nutritious meals, regular health check-ups, and immunizations. Staying healthy helps individuals grow strong.

Life Skills Training

Having life skills is crucial for achieving personal growth and success. The Rajiv Gandhi Scheme provides training in various skills, such as:

Women who have these skills are better equipped to handle challenges. These skills also help women to become self-reliant.

Awareness Programs

The scheme raises awareness on important topics through programs. In these programs, women are educated about the following:

  • Their rights, 
  • Hygiene practices, and 
  • The significance of gender equality. 
  • These programs give girls knowledge and help them make informed choices.

Support to Training and Employment Programme for Women: STEP

The STEP program provides women with job training and entrepreneurial skills. People learn skills such as farming, sewing, and crafting to gain economic independence.

Here are some benefits of the STEP program:

Skill development

Women get new skills to improve their chances for employment. These skills also help them establish their own enterprises. It enhances their chances of success in the future.

Financial independence

Women achieve financial independence by having a job or owning a business. People can make their own decisions and support themselves without dependence on others.

Confidence and Self-Esteem

Learning new skills and achieving success boosts women's confidence and self-esteem.

Contribution to society

STEP empowers women, making them active contributors to society. People can use their skills and knowledge to positively impact their communities.

Stree Shakti Puraskaar Yojana

The program encourages exceptional women who have made significant contributions:

  • In business or have supported other women. 
  • It celebrates their success and inspires others in various fields. 

A woman in this scheme can choose from various fields, such as:

  • Entrepreneurship 
  • Leadership 
  • Education 
  • Arts
  • Sports 
  • Social Work 

Beti Bachao Beti Padao

The Government of India launched the "Beti Bachao, Beti Padhao" campaign in 2015. 

  • The campaign aims to save and educate daughters.
  • The campaign aims to promote gender equality in India. 
  • It also addresses the declining child sex ratio. 
  • The goal is to create awareness and bring about change.
  • The initiative aims to prevent gender-based discrimination. 
  • It also focuses on stopping female foeticide. 
  • The initiative promotes education and empowerment of girls.

Benefits of Economic Empowerment

Economic empowerment means giving people the power to earn money and make their own decisions. Let's explore the benefits it brings and why it's so important for individuals, women, and society as a whole.

Financial Independence

Economic empowerment leads to financial independence. Having a stable job or business can help individuals and their families financially. People can make choices about their money and plan for the future.

Better Quality of Life

When people have economic empowerment, they can afford what they need and enjoy a better quality of life. People can ensure that they and their loved ones have access to nutritious food, proper healthcare, and a safe living environment. Economic empowerment provides stability and security.

Education Opportunities

Families with economic power can invest in education. Children can attend school and get a quality education, which can lead to better opportunities in life. Empowering people economically breaks the poverty cycle. It provides opportunities for learning and growth.

Improved Health and Well-being

Access to healthcare is important for a healthy life. When individuals have economic empowerment, they can afford medical care when they need it. They can prioritize their well-being. They can take care of their physical and mental health.

Equal Rights and Opportunities

Empowering the economy promotes gender equality and equal opportunities for everyone. Everyone should have equal opportunities to succeed and contribute to society. When people have equal opportunities to earn money and make decisions, it promotes fairness and inclusivity in society.

Stronger Communities

When people in a community have more economic power, the entire community benefits. It promotes economic growth and development. Individuals may start businesses, generate employment opportunities, and strengthen nearby enterprises. Empowering people economically strengthens communities and promotes a sense of pride.

Better education and healthcare

When women have economic power, they can invest in their education and healthcare. Learning more and staying healthy is beneficial for everyone.

Equal rights and fairness

Empowering women economically ensures equal treatment and rights as men. Making our society better and more inclusive is important.

Making the country stronger

When women are more involved in the economy, it benefits the entire nation's growth. New ideas, innovation, and success are introduced with the inclusion of the women. It helps the country to become stronger.

Conclusion

Empowering women economically is of great importance for our society. The government encourages women and helps them succeed. When women have the power to earn money and make choices, it benefits everyone. Empowering women financially is crucial for transforming their lives. Empowering women financially creates a brighter future for everyone.

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Economic Empowerment of Women FAQs

Empowering women economically is important. It enables them to become independent, earn money, and improve their lives and those of their families.

Two schemes exist to support women in India. The Rajiv Gandhi Scheme for Adolescent Girls offers training and support. The Stree Shakti Puraskaar Yojana celebrates successful women.

Economic empowerment contributes to gender equality. It helps women by giving them equal opportunities in education, employment, and entrepreneurship. It helps break down societal barriers and promotes a more balanced and fair society.

When women have economic power, it benefits families, education, healthcare, fairness, equality, and the country's growth.

We can support women by treating them equally. We can encourage their education and career goals. We can promote fairness and respect for everyone, regardless of gender
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