Lakhpati Didi Yojana: A Significant Step Towards Women Empowerment by Modi Government

The growth story of a newly developed India owes much of its progress to the contributions of women. Prime Minister Narendra Modi says, “When women prosper, the world prospers.” With this vision in mind, the Lakhpati Didi Yojana was launched, and it has quickly gained popularity. To date, over 1.25 crore women have joined the scheme, and this number continues to rise.

Hello, I’m Menka Chaudhary, and today we will discuss Modi government’s special initiative, Lakhpati Didi Yojana, which is a crucial step towards empowering women and promoting self-reliance.

What is the Lakhpati Didi Yojana?

The Lakhpati Didi Yojana is a skill development training program aimed at empowering women for self-employment. Under this scheme, women are trained in various skills to prepare them for entrepreneurship and business. The scheme was launched on 15th August 2023, and due to its success, the government has expanded the scope of this program.

How Does the Scheme Work?

The Lakhpati Didi Yojana is a part of the National Rural Livelihood Mission (NRLM), which works to promote women’s empowerment in rural areas. The goal of this initiative is to organize 10 crore women into 90 lakh Self-Help Groups (SHGs) by 2024. Out of these groups, more than 1 crore women have already become Lakhpati Didis, with an annual income exceeding ₹1 lakh.

In the budget proposal for the fiscal year 2024-25, the government has allocated ₹15,000 crore for the Lakhpati Didi Yojana. This will help the scheme grow further and provide more benefits to the women involved.

What Are the Benefits of the Scheme?

1. Economic Empowerment: Women receive interest-free loans to start their businesses, empowering them financially.
2. Skill Development: Women are provided with necessary training in business and entrepreneurial skills.
3. Self-Reliance: This scheme promotes self-sufficiency by creating opportunities for women to run their own businesses.
4. Rural Development: The scheme has gained popularity in rural areas, contributing to rural development.

How to Apply for the Scheme?

There are a few essential eligibility criteria for applying for this scheme:

• No family member should be employed in a government job.
• Annual family income should be ₹3 lakh or less. Women from families with income higher than ₹3 lakh annually are not eligible for the scheme.
• Official Website:- https://lakhpatididi.gov.in/

To apply, women need to form a Self-Help Group (SHG) and prepare a business plan. Once the plan is ready, it will be sent to the government by the SHG. Government officials will review the application, and if approved, the woman will receive a loan of up to ₹5 lakh, interest-free.

Overall Impact

The Lakhpati Didi Yojana has achieved unprecedented success in empowering women. The scheme’s float in the Republic Day Parade showcased the efforts of the Modi government to promote women’s empowerment.

Now, as thousands of women are becoming self-reliant through this initiative, more women will take advantage of these opportunities in the coming years. This scheme is not just a financial program but a social revolution, leading women toward financial independence, which plays a significant role in the country’s economic growth.

In conclusion, the Lakhpati Didi Yojana is more than just a financial scheme—it’s a movement empowering women and contributing to the nation’s overall progress.

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