Banks Told to Halt Deductions for Women Beneficiaries Under Gruha Lakshmi Scheme
GS2Polity · Governance · IR· Vulnerable sections (SC/ST, minorities, disabled, elderly, children)· Prelims·
DBT protection and financial autonomy: a GS2 case study on preventing predatory lending in social safety nets.
Why in news
Karnataka CM directed banks to stop deducting loan instalments from the Gruha Lakshmi scheme benefits to protect the financial autonomy of women beneficiaries.
Background
The Gruha Lakshmi scheme provides ₹2,000 monthly to 1,24,48,000 women heads of families in Karnataka. Complaints were raised regarding commercial banks and private finance companies deducting these funds immediately for old dues or interest.
Facts for Prelims
- SchemeGruha Lakshmi: A Karnataka state government scheme providing monthly financial assistance to women.
- FactThe scheme covers approximately 1.24 crore women heads of families.
- BodyDLRC (District Level Bankers Review Committee): Body responsible for monitoring banking activities at the district level.
Prelims practice question
With reference to the Gruha Lakshmi scheme in Karnataka, consider the following statements:
- The scheme provides monthly financial assistance to approximately 1.24 crore women heads of families.
- The scheme provides a monthly benefit of ₹5,000 to eligible women beneficiaries.
- The scheme is a central government initiative providing benefits to women across all states.
Which of the statements given above is/are correct?
- (a)1 only
- (b)2 only
- (c)3 only
- (d)1 and 3 only
Show answer
Answer: (a) 1 only — Statement 1 is correct. Statement 2 is incorrect: The scheme provides ₹2,000 monthly. Statement 3 is incorrect: It is a Karnataka state government scheme.
For Mains
Q. Discuss the challenges in ensuring the effective delivery of direct benefit transfer (DBT) schemes for women and suggest measures to prevent the diversion of such funds.
Dimensions to cover in your answer
- financial inclusion barriers
- predatory lending practices
- monitoring mechanisms
- empowerment of women
Keywords: Direct Benefit Transfer · Financial Inclusion · Predatory Lending · Social Safety Net · Women Empowerment
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.