Lakhpati Didi Yojana 2024: On February 1, 2024, Finance Minister Nirmala Sitharaman presented the interim budget, setting a target to increase the number of “Lakhpati Didis” to three crores. This initiative aims to empower women economically and make them self-reliant.
If you’re interested in free skill training and starting your own business, it’s essential to know about the Lakhpati Didi Yojana. This article provides comprehensive information about the Lakhpati Didi Yojana 2024 to help you benefit from this scheme.
Table of Contents
Announcement of Lakhpati Didi Yojana
Prime Minister Narendra Modi announced the Lakhpati Didi Yojana on August 15, 2023, from the Red Fort. This scheme aims to empower women economically by providing skill development training and interest-free loans ranging from ₹1 lakh to ₹5 lakhs. This initiative is a significant step towards empowering economically disadvantaged women.
Lakhpati Didi Yojana 2024: Overview
- Scheme Name: Lakhpati Didi Yojana 2024
- Launched by: Prime Minister Narendra Modi
- Beneficiaries: All women in the country
- Objective: Providing self-employment opportunities to women
- Financial Assistance: ₹1 lakh to ₹5 lakhs
- Application Process: Online / Offline
- Official Website: https://lakhpatididi.gov.in/
Latest Updates on Lakhpati Didi Yojana 2024
On June 13, 2024, a webinar was held under the chairmanship of the Additional Secretary of Rural Livelihoods to raise awareness about the diversity of jute crafts. The webinar aimed to educate local artisans and entrepreneurs on improving their products and making them more competitive in the market.
Additionally, on June 4, 2024, another webinar on “Precision Irrigation Water Management” was conducted to educate farmers on new irrigation techniques and water management methods to enhance crop yield efficiently.
These webinars are crucial steps towards rural development and livelihood improvement, providing essential information and resources to various communities.
What is Lakhpati Didi Yojana?
A “Lakhpati Didi” is a member of a Self-Help Group (SHG) whose annual household income is ₹1,00,000 or more, calculated over at least four agricultural seasons and/or business cycles. These women earn an average monthly income of over ₹10,000, adopting sustainable livelihood practices and effectively managing resources. Lakhpati Didis serve as inspirations within their communities.
SHGs have promoted collective action, mutual support, financial literacy, skill development, and livelihood assistance. The focus has shifted towards entrepreneurship, enabling SHG members to move into higher income brackets. The initiative facilitates diverse livelihood activities through coordinated efforts among government departments, private sectors, and market players, involving strategic planning, implementation, and monitoring at all levels.
Objectives of Lakhpati Didi Yojana
The primary objective of this scheme is to provide interest-free financial assistance to women to start their own businesses, empowering them economically. Additionally, the scheme aims to connect women with employment opportunities, improve their lifestyles, increase their income, and make them self-reliant, thereby improving their economic condition and raising their family’s living standards.
Benefits of Lakhpati Didi Yojana
- Economic Assistance: Interest-free loans ranging from ₹1 lakh to ₹5 lakhs.
- Self-Employment: Women can start their own ventures.
- Financial Literacy: Programs are organized to educate women on financial literacy.
- Savings Incentives: Women are encouraged to save.
- Micro-Credit Facility: Small loans are available through micro-credit facilities.
- Skill Development: Vocational training and skill development programs are provided.
- Digital Banking: Women are encouraged to use digital banking platforms.
- Insurance Coverage: Affordable insurance coverage is offered to women.
Eligibility Criteria
- Applicant must be a resident of India.
- Age should be between 18 to 50 years of aaplicant.
- All women in SHGs are eligible.
- Family income should be less than ₹3 lakhs annually.
- No government job in Family.
Required Documents
- Aadhaar Card
- Residence Proof
- Income Certificate
- Age Certificate
- Bank Account Details
- Mobile Number
- Passport Size Photo
Online Application Process
- Visit the official website of the Government of India.
- Click on the Lakhpati Didi Yojana 2024 option on the homepage.
- Fill in all the required information in the application form.
- Scan and upload the necessary documents.
- Click on the Submit button and take a printout of the application form.
Offline Application Process
If you are unable to apply online, you can follow the offline process:
- Visit your block office.
- Obtain the application form for the Lakhpati Didi Yojana from the concerned employee.
- Fill in all the required information accurately.
- Attach all necessary documents with the application form.
- Submit the filled application form and documents at the same office.
- Keep the receipt provided after submission.
Conclusion
The Lakhpati Didi Yojana is a crucial initiative to empower and make women self-reliant. This scheme not only encourages women to start their own businesses but also brings positive changes to their lives. This government step will improve the lives of women and help them realize their dreams.
