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Women in India are no longer limited by traditional roles. From managing large corporations to running successful home-based businesses, women are proving their capabilities across every sector. Recognizing this growing entrepreneurial spirit, the Government of India has introduced several schemes aimed at strengthening women financially and encouraging self-employment.

Some of these government initiatives offer financial support ranging from a few thousand rupees to as much as ₹1 crore, along with training, mentorship, and long-term security. If you are a woman planning to start a business from home or looking to become financially independent in 2026, these six government-backed schemes can provide a strong foundation.

1. Lakhpati Didi Scheme

The Lakhpati Didi Scheme has emerged as one of the most impactful women empowerment initiatives in recent years. Its primary objective is to help women associated with Self-Help Groups (SHGs) earn an annual income of at least ₹1 lakh.

Under this scheme, women receive skill development training in areas such as agriculture-based enterprises, handicrafts, food processing, LED bulb manufacturing, and even drone operations. Along with training, financial assistance and business guidance are also provided, enabling women to start or expand income-generating activities from their homes or local communities.

2. Pradhan Mantri Mudra Yojana (PMMY)

For women looking to start small businesses such as tailoring units, beauty salons, tiffin services, or online ventures, the Mudra Loan Scheme is an excellent option. Women applicants are given special preference under this program.

The scheme offers collateral-free loans ranging from ₹50,000 to ₹10 lakh, categorized into Shishu, Kishor, and Tarun loans based on business needs. With low interest rates and flexible repayment options, Mudra loans have helped millions of women turn small ideas into sustainable businesses.

3. Stand-Up India Scheme

Women aspiring to build larger enterprises can benefit from the Stand-Up India Scheme. This initiative provides bank loans ranging from ₹10 lakh to ₹1 crore for setting up new ventures in manufacturing, services, or trading sectors.

The scheme is specifically designed for greenfield enterprises, meaning businesses started for the first time. To qualify, women must hold at least 51 percent ownership in the business. In addition to financial support, the scheme also offers handholding assistance and guidance during the initial stages.

4. Mahila Samman Savings Certificate

While earning is important, financial security and savings are equally crucial. The Mahila Samman Savings Certificate is a government-backed investment option designed exclusively for women and young girls.

Under this scheme, women can invest up to ₹2 lakh for a period of two years, earning an attractive 7.5 percent annual interest. It is a safe and reliable savings instrument, ideal for women who want to grow their savings without taking risks.

5. Pradhan Mantri Matru Vandana Yojana (PMMVY)

Although not a business-focused scheme, the PM Matru Vandana Yojana plays a significant role in supporting women during critical life stages. It provides financial assistance to pregnant and lactating mothers for the birth of their first and second child.

The monetary benefit helps women focus on proper nutrition, healthcare, and recovery during and after pregnancy. For women from economically weaker sections, this support offers much-needed financial stability during challenging times.

6. Free Sewing Machine Scheme

The Free Sewing Machine Scheme is a practical initiative aimed at empowering economically weaker women in both rural and urban areas. Under this program, the government provides financial assistance or sewing machines to eligible women.

This enables them to start tailoring or stitching work from home, creating a steady source of income. The scheme is especially beneficial for women who want to balance household responsibilities while earning independently.

Final Takeaway

These government schemes reflect a strong commitment toward women-led economic growth. Most programs require basic documents such as an Aadhaar card, bank account details, and residence proof, making them accessible to a wide range of women across the country.

By taking advantage of these initiatives, women can transform their skills into sustainable livelihoods, support their families, and contribute to the nation’s economic progress. With the right information and timely application, 2026 can be the year you take your first confident step toward financial independence.