Are there any financial support schemes for housewives in India?

Yes, various schemes like Pradhan Mantri Jan Dhan Yojana (PMJDY) offer financial inclusion, and Mudra Yojana provides low-interest loans to start small businesses.

Can housewives apply for the PMAY scheme?

Yes, housewives can apply for the Pradhan Mantri Awas Yojana (PMAY) for affordable housing, provided they meet the eligibility criteria.

What is the Beti Bachao Beti Padhao scheme?

This scheme focuses on ensuring education and empowerment for girls. Housewives can avail of support if they have daughters and are part of rural or underdeveloped areas.

Can housewives benefit from skill development programs?

Yes, programs like Skill India and Pradhan Mantri Kaushal Vikas Yojana (PMKVY) offer free training in various skills to housewives for better employment opportunities.

Government Schemes for Housewives

The Indian government offers various schemes to empower housewives, helping them achieve financial independence. Programs like Pradhan Mantri Mudra Yojana, Stand-Up India, and Mahila Samman Savings Certificate provide loans, savings, and training. These initiatives enable housewives to start businesses, enhance their skills, and improve their financial stability and overall well-being.

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Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

What are Government Schemes for Housewives?

Government schemes for housewives are key initiatives that help women gain financial independence and improve their quality of life. These programs provide essential support, including financial assistance, healthcare, skill development, and opportunities for entrepreneurship. By offering easy access to banking, affordable housing, and education, these schemes empower housewives to contribute to their family’s financial stability. They focus on social inclusion, ensuring that housewives are not left behind in the journey towards economic empowerment.

List of Government Schemes for Housewives in India

Following is a list of the best government schemes for housewives in India:

Category	Scheme Name	Description	Benefits for Housewives
Financial Independence & Empowerment	Mudra Yojana	Loans for women entrepreneurs.	Start/expand businesses (up to ₹10 lakh) with low interest rates and no collateral requirements.
	Stand-Up India	Loans for women-led ventures.	Establish new businesses (₹10 lakh to ₹1 crore).
	Mahila Shakti Kendra (MSK)	Promotes women's empowerment.	Skill development, digital literacy, employment opportunities.
	Mahila Samman Savings Certificate	Savings scheme for women.	Attractive interest rates, save up to ₹2 lakh.
Health & Well-being	Pradhan Mantri Matru Vandana Yojana (PMMVY)	Financial aid for pregnant/lactating mothers.	Support during motherhood with a cash incentive of ₹5,000 in three installments.
	Janani Suraksha Yojana (JSY)	Promotes institutional deliveries.	Reduces maternal/neonatal mortality through financial support for institutional births.
	Mission Indradhanush	Full immunization for women and children.	Protects health through comprehensive immunization programs.
Housing & Basic Needs	Pradhan Mantri Awas Yojana (PMAY)	Affordable housing.	Priority to single mothers and widows in housing schemes.
Housing & Basic Needs	Ujjwala Yojana	Free LPG gas connections.	Cleaner cooking and improved health outcomes by reducing smoke exposure.
Safety & Security	One-Stop Centre Scheme	Integrated services for women affected by violence.	Provides medical aid, legal assistance, and counselling services.
Safety & Security	Women Helpline (181)	24/7 helpline for women in distress.	Immediate support and assistance in emergencies.
Education & Skill Development	Beti Bachao Beti Padhao	Promotes education for girls.	Empowerment through education initiatives aimed at increasing female literacy rates.
Education & Skill Development	STEP (Support to Training and Employment Programme for Women)	Skill development training programs.	Enhanced employability and skills training for better job prospects.
Additional Support	Swadhar Greh	Shelter and rehabilitation for women in difficult circumstances.	Support and safety for vulnerable women facing crises.
Additional Support	Working Women Hostel	Affordable accommodation for working women.	Safe housing with daycare facilities to support working mothers.

Details of the Top 10 Government Schemes for Housewives in India^~

Mudra Yojana
- Provides loans up to ₹10 lakh for women entrepreneurs to start or expand businesses.
- Eligibility: Indian citizens looking to start or grow a small business.
- No collateral needed for many loans.
- Helps women become financially independent.
Stand-Up India
- Encourages women to start businesses.
- Eligibility: Women entrepreneurs and SC/ST individuals aged 18 and above.
- Provides bank loans from ₹10 lakh to ₹1 crore.
- Supports women in manufacturing, services, or trading.
Mahila Shakti Kendra (MSK)
- Empowers rural women through community participation.
- Eligibility: Women in rural areas seeking training and resources.
- Provides access to healthcare, education, and other services.
- Offers legal aid and counselling.
- Helps women understand their rights and improve their livelihoods.
Mahila Samman Savings Certificate
- Allows women to open savings accounts with a minimum deposit of ₹1,000.
- Eligibility: Women and girls above the age of 18 years.
- Offers attractive interest rates with a maturity period of two years.
- Helps women save for their future.
Pradhan Mantri Matru Vandana Yojana (PMMVY)
- Provides financial support to pregnant and lactating mothers.
- Eligibility: Indian citizens having their first child after January 1, 2017 (government employees excluded).
- Helps with nutrition and childcare.
- Provides cash incentives totalling ₹6,000 for pregnant and lactating mothers.
Janani Suraksha Yojana (JSY)
- Offers cash assistance for institutional deliveries to low-income families.
- Eligibility: Pregnant women from low-income families; varies by state guidelines.
- Financial aid ranges from ₹1,400 to ₹6,000, depending on the state.
- Provides cash assistance to women for institutional deliveries.
- Aims to reduce maternal and infant mortality.
Mission Indradhanush
- Aims to increase vaccination coverage for children under two and pregnant women.
- Eligibility: Pregnant women and children up to 2 years.
- No direct financial benefits; offers free vaccinations against preventable diseases.
- Aims for full immunization of pregnant women and children.
- Protects against preventable diseases.
Pradhan Mantri Awas Yojana (PMAY)
- Provides affordable housing with subsidies on home loans up to ₹2.5 lakh.
- Eligibility: Economically weaker sections, including women-headed households.
- Prioritizes women's ownership of houses.
- Empowers women with a secure place to live.
Ujjwala Yojana
- Provides free LPG connections to Below Poverty Line households.
- Eligibility: Women identified through BPL lists.
- Reduces indoor air pollution.
- Improves women's health and quality of life.
Beti Bachao Beti Padhao
- Focuses on saving the girl child and promoting education for girls.
- Eligibility: All families with girl children; no specific income criteria apply.
- Promotes education and empowerment of girls.
- Celebrates the girl child.

Tax Benefits for Housewives in India

Following are the key tax advantages available for housewives in India:

Independent Income: Housewives earning income (e.g., from freelancing, consultancy, or investments) can file tax returns and avail of exemptions and deductions.
Section 80C: Deductions up to ₹1.5 lakh for investments in instruments like PPF, LIC, NSC, etc.
Section 80D: Deduction up to ₹25,000 for health insurance premiums for self and family. For senior citizens, it’s ₹50,000.
Section 10(10D): Tax-free returns on life insurance policies, provided the sum assured is more than premiums paid.
Tax-Free Gifts: Any gift received from relatives is exempt from tax under Section 56(2).
Spouse’s Income: Housewives can claim deductions on income earned by their spouse if it is invested in their name.
Capital Gains Exemption: Profits from the sale of property or assets can be exempt under Section 54 if reinvested in a new property.
No Taxable Income: If a housewife has no taxable income, there’s no obligation to file returns, but it is still beneficial for record-keeping.

Conclusion

Several government schemes are available to support housewives, offering financial independence and empowerment. These schemes include financial aid, skill development, and entrepreneurship opportunities. Programs like the Pradhan Mantri Mudra Yojana, Stand-Up India, and the PMGDISHA initiative are particularly beneficial. By taking advantage of these schemes, housewives can enhance their skills, start businesses, and improve their financial stability.

FAQs

What are Government Schemes for Housewives?

Government Schemes for Housewives are initiatives launched by the government to empower and support housewives, providing financial assistance, skills training, and other benefits to improve their standard of living.
Are there any financial support schemes for housewives in India?

Yes, various schemes like Pradhan Mantri Jan Dhan Yojana (PMJDY) offer financial inclusion, and Mudra Yojana provides low-interest loans to start small businesses.
Can housewives apply for the PMAY scheme?

Yes, housewives can apply for the Pradhan Mantri Awas Yojana (PMAY) for affordable housing, provided they meet the eligibility criteria.
What is the Beti Bachao Beti Padhao scheme?

This scheme focuses on ensuring education and empowerment for girls. Housewives can avail of support if they have daughters and are part of rural or underdeveloped areas.
Can housewives benefit from skill development programs?

Yes, programs like Skill India and Pradhan Mantri Kaushal Vikas Yojana (PMKVY) offer free training in various skills to housewives for better employment opportunities.

˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Past 10 Years' annualised returns as on 01-02-2025

^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.

Tax benefit is subject to changes in tax laws. Standard T&C Apply
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%

¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.

**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).