"To incentivise employment of more women in the formal sector and to enable higher take-home wages, I propose to make amendments in the EPF and Miscellaneous Provisions Act, 1952 to reduce women employees' contribution to 8 per cent for first three years of their employment against existing rate of 12 per cent or 10 per cent with no change in employers' contribution," Jaitley said while presenting the Budget.
About the Ujjwala scheme Jaitley said: "We launched the scheme to make poor women free from the smoke of wood. Initially our target was to provide free LPG connections to about 5 crore poor women.
"But in view of the pace of implementation of the scheme and its popularity among the women, we propose to increase the target of providing free connection to 8 crore poor women."
Also Read
He said loans to SHGs of women increased to about Rs 42,500 crore in 2016-17, growing 37 per cent over previous year.
Asserting that the government's commitment towards its flagship programme for the girl child 'Beti Bachao Beti Padhao' is unflinching, Jaitley said the 'Sukanya Samriddhi Account' scheme launched in January 2015 has been a great success.
"Until November, 2017 more than 1.26 crore accounts have been opened across the country in the name of girl child securing an amount of Rs 19,183 crore," said the finance minister.
Disclaimer: No Business Standard Journalist was involved in creation of this content