Financial Rights That Women Have in India

Women Financial Rights

Women since the ages have been deprived of their social and economical rights just in the name of her being the nurturer. This led to her oppression for thousands of years as she herself could not explore what freedom she withholds. However, the brave women overcame their hurdles and the modern woman began to empower herself independently. Therefore, here are we to celebrate this courage and let her know for her financial integrity.

Initiatives for Financial Inclusion by the Government: Financial inclusion initiatives such as the Pradhan Mantri Jan Dhan Yojana facilitate women’s access to banking services, insurance, and pension plans, hence promoting their economic self-sufficiency.

Property Rights: The Hindu Succession Act (Amendment 2005) guarantees daughters equal rights to ancestral property, giving them a portion of their father’s fortune. The Married Women’s Property Act empowers women to own, administer, and dispose of property separately from their husbands.

Inheritance Rights: The Hindu Succession Act allows women to inherit property from their spouses, ensuring their financial security in widowhood.

Maternity Benefits: The Maternity Benefit Act provides working women with up to 26 weeks of paid maternity leave, as well as financial assistance with birthing and childcare costs.

Protection at work and harassment prevention: The Sexual Harassment of Women at Workplace Act creates a secure working environment by protecting women from harassment and prohibiting financial sanctions for reporting such instances.

Equal Pay and Employment Opportunity: The Equal Remuneration Act requires equal pay for equal work and prohibits wage discrimination based on gender. Women have the right to fair and equal recompense for their work, which ensures economic equality in the workplace.