Q. Consider the following statements in reference to the Gender Budget in India:
Which of the statements given above is/are correct?
Explanation:
Statement 1 is correct. Over the last 16 years, India's Gender Budget has increased from Rs 24,241 crore (5.5billion)in2005−06toRs1,43,462crore(19 billion) in 2020-21, a six-fold increase in absolute terms. However, in the last 13 years, the allocations as a proportion to the total budget have stayed constant between 4.3 percent and 5.9 percent. The allocation was less than 5 percent of the total budget in five of the last six years.
Statement 2 is incorrect. The Gender Budget was first introduced in the Indian Budget in 2005-06. Nearly 5 percent of India's total Union Budget 2020-21 would be spent on schemes that benefit women, stated the gender budget for the year that accounted for Rs 1.4 lakh crore.