The Lakhpati Didi Yojana was launched by Prime Minister Narendra Modi on August 15, 2023. Under this scheme, 3 crore women associated with self-help groups are being provided interest-free financial assistance ranging from Rs 1 lakh to Rs 5 lakh to initiate self-employment ventures. Additionally, financial and skill-based training is being offered to these women, including technical skills such as LED bulb manufacturing, plumbing, and drone repair.
The term Lakhpati Didi refers to women in self-help groups whose annual family income has reached Rs 1 lakh or more. In her budget speech on February 1, Finance Minister Nirmala Sitharaman set a target of making 3 crore women Lakhpati Didis.
Notably, the initial target was 2 crore women, which has now been increased to 3 crore to expand the program’s impact. Throughout this article, we will share all the details if you want to benefit from the Lakhpati Didi Yojana 2024 by applying.
Benefits and Features of Lakhpati Didi Yojana
- Entrepreneurial Guidance: Women aspiring to become entrepreneurs receive guidance to start and grow their businesses under this scheme.
- Training and Business Support: The scheme offers training in creating business plans, marketing strategies, and accessing markets to help women establish their ventures successfully.
- Financial Literacy Workshops: Comprehensive workshops are conducted to empower women with financial knowledge, covering budgeting, savings, and investments.
- Micro-Credit Facility: Women can access micro-credit under the scheme, making it easier to secure small loans for business, education, or other needs.
- Savings and Incentives: The scheme encourages women to save and offers attractive incentives for consistent saving habits.
- Affordable Insurance: Women are provided with affordable insurance coverage, ensuring financial security for themselves and their families.
- Empowerment Programs: Various programs are run to boost women’s confidence and overall empowerment.
- Product Marketing and Sales Support: Assistance is provided for selling products at departmental outlets and fairs organized by the self-help groups.
Eligibility Criteria for Lakhpati Didi Yojana
- The applicant must be an Indian citizen.
- The age limit for applying is 18 to 50 years.
- The applicant must be associated with a self-help group.
Required Documents for Lakhpati Didi Yojana
- Aadhaar Card
- Income Certificate
- Domicile Certificate
- PAN Card
- Email ID
- Registered Mobile Number
- Passport Size Photograph
- Bank Account Details
Currently, the online application process for Lakhpati Didi Yojana has not yet started. As of now, no official website has been launched, and applications are not being accepted.
Once the application process begins, we will update this article with all the necessary details and step-by-step instructions. Stay tuned for the latest updates.