The government runs many schemes to make women self-reliant. One of these is the Lakhpati Didi Yojana. Under this scheme, women can get loans up to Rs 5 lakh without any interest.
With this scheme, the government’s dream of economically empowering women in Self Help Groups (SHG) is coming true. If you also want to apply for this scheme, this article will be very useful for you. Let’s find out more.
Interest-Free Loan Under Lakhpati Didi Yojana
The Lakhpati Didi Yojana was launched on 15 August 2023. Under this scheme, women can get interest-free loans from Rs 1 lakh to Rs 5 lakh. The government aims to make 3 crore women financially independent. This scheme provides financial help to women in self-help groups (SHG) in both rural and urban areas. It also helps them start businesses and develop skills.
Eligibility to Apply:
- Women between 18 to 50 years can apply.
- Must be part of a self-help group.
- Must be an Indian citizen.
- Family income should be less than Rs 3 lakh.
- No member of the family should have a government job.
Documents Required:
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Certificate
- Registered Mobile Number
- Copy of Business Plan
- Ration Card
- Bank Passbook
- Passport Size Photo
How to Apply and Benefits
How to Apply:
- If not part of a SHG, contact your nearest rural development office.
- Join the group to get full information about the scheme.
- Free training is given to learn different skills.
- Prepare a business plan explaining how you will use the loan.
- Apply online on the Ministry of Rural Development website or offline at your local SHG office, rural development office, or bank.
- After review, the loan will be approved and deposited into your bank account.
Benefits:
- Eligible women can get interest-free loans from Rs 1 lakh to Rs 5 lakh.
- Free training is given to start a business.
- Government helps in taking your product to the market.