The Central Government’s ambitious Lakhpati Didi Yojana is transforming the lives of women by providing interest-free loans ranging from ₹1 lakh to ₹5 lakh to help them achieve financial independence. Launched on 15th August 2023, this scheme aims to empower 3 crore women by supporting their entrepreneurial dreams. Here’s everything you need to know about eligibility, benefits, and the application process.

What is Lakhpati Didi Yojana?

Lakhpati Didi Yojana is a government-backed initiative designed to provide financial assistance and skill development training to women entrepreneurs. The scheme not only offers interest-free loans but also equips women with the necessary skills to start or expand small businesses in sectors like tailoring, beauty services, food processing, agriculture, and livestock farming.

Key Benefits of the Scheme

✅ Interest-Free Loan: Women can avail loans from ₹1 lakh to ₹5 lakh without any interest.
✅ Skill Development: Free training in various trades through Self-Help Groups (SHGs).
✅ Business Expansion: Funds can be used to start a new venture or grow an existing one.
✅ Low-Cost Insurance: Additional financial security for businesses.
✅ Economic Independence: Helps women increase their income and become self-reliant.

Eligibility Criteria

To apply for the Lakhpati Didi Yojana, applicants must meet the following conditions:

  • Must be a woman aged between 18 and 50 years.

  • Must be a member of a Self-Help Group (SHG).

  • No family member should be a government employee.

  • Required documents: Aadhaar Card, PAN Card, Residence Proof, Income Certificate, Passport-size Photo, and Bank Passbook.

How to Apply?

1️⃣ Join an SHG: Connect with a nearby Self-Help Group and become a member.
2️⃣ Prepare a Business Plan: Outline how you will use the loan for your business.
3️⃣ Obtain Application Form: Get the form from a local bank, Women & Child Development Department, or SHG office.
4️⃣ Submit Documents: Fill out the form and attach the required documents.
5️⃣ Loan Approval: After verification, the loan will be disbursed to your bank account.

Which Businesses Are Eligible?

Women can use the loan for:

  • Tailoring & Handicrafts

  • Beauty Parlor & Salon

  • Food Processing & Catering

  • Agriculture & Dairy Farming

  • Small-Scale Manufacturing

Fact Check

✔ No Hidden Charges: The loan is 100% interest-free, with no additional costs.
✔ Government-Backed: Launched by the Central Government for women’s empowerment.
✔ Verified Sources: Information sourced from official government portals.

Final Thoughts

The Lakhpati Didi Yojana is a golden opportunity for women to start their entrepreneurial journey without financial burdens. If you meet the eligibility criteria, apply today and take the first step towards financial freedom!

🔗 For more details, visit the official government website or contact your nearest SHG office.