Tuesday 17 December 2013

Nirbhaya Fund: Finance Ministry okays 3 Proposals

The Ministry of Finance has approved three proposals to utilise the resources in the Nirbhaya Fund to enhance the security of women in India.

In the Budget speech on 28.2.2013, the Union Finance Minister Shri P.Chidambaram had announced that the Government will set-up a Fund called the Nirbhaya Fund and contribute Rs.1000 crore to the fund.
                 
                                                     
The amount of Rs.1000 crore could be transferred only during the first Supplementary Demands for Grants.

The Appropriation Bill was approved by Parliament on 7.9.2013 and received the assent of the President of India only on 11.9.2013.

"Ministries/Departments concerned were requested to formulate proposals to utilise the resources in the Fund with a view to enhance the safety and security of women in the country.

After several rounds of consultations, three proposals have been approved in-principle by the Ministry of Finance, details of which are given below. The Ministry/Department concerned has been requested to move the Cabinet for approval," the Ministry of Finance said in a statement.

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