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Lakhpati Didi Yojana:  Great news has emerged for women. A special government scheme is currently making headlines, considered a significant step towards empowering women financially.

Lakhpati Didi Yojana: The Indian government is continuously running schemes for the women of the country, with the direct aim of making them financially independent. Today, women are no longer confined to their homes; they are making their mark in business, startups, agriculture, dairy, and the service sector. To further this vision, the government has launched a special scheme called the Lakhpati Didi Yojana.

This scheme has emerged as a new ray of hope for women who want to start their own businesses or expand their existing small businesses. Under this scheme, women are being provided with interest-free loans of up to ₹5 lakhs, ensuring that lack of funds doesn't become a barrier to their dreams. Learn all the details of the scheme.

What is the Lakhpati Didi Yojana?

The Lakhpati Didi Yojana was launched with the objective of making women self-reliant. Under this scheme, women associated with Self-Help Groups (SHGs) can get interest-free loans of up to ₹5 lakhs. This amount can be used by women to start self-employment ventures, set up small industries, or expand their existing businesses. The government provides interest subsidies on the loans under this scheme, so women do not bear the burden of actual interest.

This is why this scheme is more beneficial than bank loans. Through this scheme, women are getting opportunities to progress in various sectors such as agriculture, animal husbandry, dairy, food processing, handicrafts, and the service sector.

Who can avail the benefits?

Only women who are members of a recognised Self-Help Group can avail the benefits of the Lakhpati Didi Yojana. Under this scheme, not only are they provided, but women also receive skill training. This means the government wants women not only to receive money but also to build sustainable businesses through proper training. The scheme aims to increase women's annual income and empower them to become financially independent. This is why they are also provided with support in connecting with markets, selling their products, and running their businesses professionally.

How to apply?

Women aged 18 to 50 years can benefit from this scheme. To apply, it is essential to first join a self-help group (SHG). Afterwards, they must receive skill training and prepare a clear business plan, providing complete details about their business. Women can apply online through the Ministry of Rural Development's website. Alternatively, they can also submit offline forms at the local SHG office, the Department of Rural Development, or a nearby bank.