Boosting Women's Financial Empowerment: Inside the Lakhpati Didi Initiative

The Government of India has been running various schemes aimed at empowering women, providing them with different kinds of benefits. One such remarkable initiative is the Lakhpati Didi Yojana, which offers women a loan of up to five lakh rupees without any interest. Prime Minister Narendra Modi has mentioned this scheme in several public gatherings, drawing attention to its significance. Let's dive into the details of this scheme and how it's making a difference.

Over a Million Lakhpati Didis

This scheme, designed to improve the financial status of women and make them self-reliant, has been benefiting millions of women every year. According to government statistics, over a million women have become lakhpati didis (millionaire sisters) through this scheme.

Interest-Free Loans

Under the Lakhpati Didi Yojana, women receive specialized training, following which they are provided with interest-free loans ranging from one to five lakh rupees to start their own businesses. Not only that, but the scheme also offers guidance on how to expand their businesses and reach the market effectively.

Eligibility and Application Process

Women aged between 18 to 50 years can apply for the Lakhpati Didi Yojana. To apply, women need to join a nearby self-help group, where they are required to submit all necessary documents along with their business plan. Afterward, the loan application undergoes approval. Documents such as Aadhar card, PAN card, bank passbook, and income proof are necessary for the application.