Lakhpati Didi Yojana is to empower women financially. Under this, women of self-help groups get interest-free loans up to Rs 5 lakh for business. Its aim is to increase the income of women and make them self-reliant.
The Government of India is bringing new schemes to empower women. Its goal is to make women economically strong. Now women are not limited to four walls. They are making their mark in business, startup, agriculture, dairy and service sectors. To bring more and more women into these areas, the government has now started a special scheme named Lakhpati Didi Yojana.
Lakhpati Didi Scheme
This scheme is a new ray of hope for women who want to start their own business or expand their existing small business. Under this scheme, women are given interest-free loans up to Rs 5 lakh. This is a ray of hope for those women who are afraid of starting or expanding business due to financial constraints.
What is Lakhpati Didi Scheme?
Lakhpati Didi Yojana has been started with the aim of empowering women. Under this scheme, women associated with self-help groups can get interest free loan up to Rs 5 lakh. Women can use this money to start their own business, set up a small business or expand their existing business. The government also gives interest subsidy on loans under this scheme.
This scheme is more beneficial than bank loan. This scheme gives an opportunity to women to progress in many sectors like agriculture, animal husbandry, dairy, food processing, handicrafts and service sector.
Who can avail the benefit of Lakhpati Didi Scheme?
• Only those women who are members of a recognized self-help group can avail the benefits of Lakhpati Didi Scheme.
• This scheme not only provides loans but also skill training. The government wants women not only to get money, but also to build a sustainable business through proper training.
• The aim of this scheme is to increase the annual income of women and make them ‘Lakhpati Didi’.
• It helps women to connect with the market, sell their products and run their business professionally.
How to apply for Lakhpati Didi Yojana?
Women between 18 to 50 years of age can avail the benefits of this scheme. Women wishing to apply must first join a self-help group. After getting skill training, they have to prepare a clear business plan explaining their work. Women can apply online by visiting the website of the Ministry of Rural Development. There is also an option to submit the form offline at the local self-help group office, rural development department or nearest bank.