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Odisha CM Disburses ₹900 Crore Under Subhadra Yojana 4th Phase

Written by: Team Angel OneUpdated on: Feb 10, 2025, 4:22 PM IST
Odisha CM Mohan Charan Majhi disbursed ₹900 crore to over 18 lakh women under Subhadra Yojana’s 4th phase, with the next phase set for March 8, 2025.
Odisha CM Disburses ₹900 Crore Under Subhadra Yojana 4th Phase
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Odisha Chief Minister Mohan Charan Majhi disbursed ₹5,000 each to over 18 lakh women as part of the fourth phase of the Subhadra Yojana. The event took place in the Jajpur district, and a total of ₹900 crore was transferred directly to beneficiaries’ bank accounts through the Direct Benefit Transfer (DBT) system.

Nearly 1 Crore Women Benefited So Far

With this round of disbursement, over 98 lakh women in Odisha have received financial aid under the scheme. The Subhadra Yojana was introduced by the BJP government in Odisha after it came to power in 2024. The scheme provides ₹5,000 in direct financial assistance to eligible women.

Delay in Release of Funds

The fourth phase of disbursement was initially scheduled for December 25, 2024, but was delayed due to an ongoing verification process. Before this, the third phase of payments had been made to 20 lakh women on November 24, 2024.

Previous Phases of the Scheme

The Subhadra Yojana has been rolled out in multiple phases since its launch on September 17, 2024. In the first phase, 25 lakh women received financial aid. The second phase, held on October 9, 2024, covered 39 lakh women. The third phase in November extended support to 20 lakh more beneficiaries.

Next Phase is Planned for March

Deputy CM Pravati Parida stated that the next phase of financial disbursement is scheduled for March 8, 2025, coinciding with International Women’s Day. The state government aims to include over one crore women aged 21 to 59 years under the scheme.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 10, 2025, 4:22 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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