Lakhpati Didi Yojana Offers Interest-Free Loans Up to 5 Lakhs: Here’s How to Avail
In a significant move towards women empowerment, the Indian government has launched the ‘Lakhpati Didi Yojana’ which aims to build economic strength and self-reliance among women. Under this scheme, interest-free loans ranging from Rs 1 lakh to Rs 5 lakh are provided to women who are part of self-help groups, enabling them to establish their own businesses or cottage industries.
Since its commencement on August 15, 2023, the plan has been a huge success, with nearly 1 crore women becoming ‘Lakhpati Didis’, or women with assets worth at least a lakh. The initiative was originally designed to benefit 2 crore people, but due to its popularity, the aim has been increased to 3 crore, as declared in the interim budget.
The project provides complete support to aspiring female entrepreneurs, including skill training, business start-up advice, and market access help. Notably, loans provided under the ‘Lakhpati Didi Yojana’ are interest-free, reducing the financial burden on women starting businesses.
The scheme’s key benefits include business training and coaching, interest-free loans, and access to low-cost insurance. Furthermore, the initiative encourages financial awareness among women, encouraging them to earn and save.
How to Avail the Scheme:
To benefit from the plan, women aged 18 to 50 must be residents of the state and join a self-help group. The application process requires the submission of relevant documents such as an Aadhaar card, a PAN card, proof of income, and a bank passbook, as well as a valid mobile number and passport-sized photos. Once authorized, applicants are contacted about loan distribution.
Step-by-Step Guide:
To apply for the Lakhpati Didi Yojana 2024, follow these simple steps:
- Visit your nearest block or Women and Child Development Office.
- Obtain the application form for the Lakhpati Didi Yojana from there.
- Fill in all the required information asked in the application form thoroughly.
- Gather all the necessary documents required by the application form and staple them together.
- Submit the completed application form along with the necessary documents at the respective office.
- Upon submission, your application process for the Lakhpati Didi Yojana will be completed.
- After receiving your application, you will be provided with detailed information regarding the training under the Lakhpati Didi Scheme, as well as all the benefits and features available.
The ‘Lakhpati Didi Yojana’ is a beacon of women’s empowerment, offering a platform for women across India to pursue their entrepreneurial goals and contribute to the country’s growth.
