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Nepal budget 2024/25: Government announces next fiscal year to be a ‘Year for Investment in Women’

Kathmandu: The government has announced that the next financial year will be implemented as ‘Year for Investment in Women’. 

Unveiling the budget estimates for the financial year 2024/25 in the joint meeting of both houses of the Federal Parliament, Nepal’s Finance Minister Barsha Man Pun also assured to ensure an empathetic and respectful environment for women in all sectors.  

It may be noted that International Women’s Day this year was observed under the slogan, “Invest in women: Accelerate progress”.     

The government is celebrating the ‘Year for Investment in Women ‘ as a campaign against violence against women. ‘Koseli Ghar,’ or gift stores with local products, will also be established to promote women entrepreneurs, the finance minister said.     

Meanwhile, the government has allocated 100 million rupees for the ‘Prime Minister’s Daughter Programme’. The ‘Yuwa Mahila Rashtriya Mahila’ program will continue from the previous year. An amount of Rs. 1.6 billion has been allocated to the Ministry of Women, Children and Senior Citizens. 

According to the budget statement, a sales center will be established in Chobhar for the commercial promotion of products produced by women, the President’s Women Upliftment Program will help rescue pregnant women and new mothers from remote areas, the President’s Entrepreneurship Award will be announced for women’s empowerment and women’s participation in sports will be increased.