With massive movements for women empowerment and gender equality, things have changed over the period of time. Woman have been given an identity and have also been successful in different spheres.Earlier they were dependent on men especially for finances but with awareness and working ability, this dependency has been eradicated. To make all this possible, there have been additional financial benefits given to women. Some of them are as follows :
Savings bank account –
The facilities in this type of account have been provided looking at the needs of the woman of today’s times with investment plans and modern lifestyles. It offers various cash backs and rewards.
Dependent or kid’s account –
Working mothers are also offered a facility for opening her kid’s account and also get several benefits on the same.
Medical assistance –
Medical tests specific to women are also offered on discounts.
Insurance benefits –
Women have to pay less premium on insurance as compared to men.
Lower interest on loans –
The Interest rate on loans given to women is lower as compared to men. It is applicable to both home loans and car loans. You can apply for Home Credit Personal Loan up to Rs.2,00,000.
Tax exemption on Real Estate Investment –
If a woman purchases a house on her name or any commercial property, many of the charges and taxes are exempted. There is an exemption offered on stamp duty, conveyance deed, sales deed, conversion of property, etc.
The government has come up with many schemes and incentives for a woman that can be availed by providing the required documents and qualifying the eligibility for that particular scheme.
All of the above-mentioned schemes also form the part of a government. Here are some more you as a woman should be aware of :
Bharatiya Mahila Bank – The all woman’s bank to benefit the underprivileged women who wish to work. This bank also provides a loan of a huge amount to fund the startup or small business. It works in collaboration with the State bank of India.
Cent Kalyani scheme – It provides financial stability to the woman working in the agriculture sector. It works in collaboration with the Central bank of India.
Mahila Udhyam Nidhi Scheme – Offered by the Punjab National bank, this scheme helps a woman to start new projects and offer loans to fund them.
Annapurna Scheme – This scheme helps the woman having a catering business.
Every government or state bank has some or the other scheme offering financial benefits, make the best use of it only if there is a genuine need. Do not take undue advantage as the scheme might lose the essence. Woman are not weak but are given benefits to outshine in whatever project they take.