Government scheme: The Lakhpati Didi Yojana is an ambitious initiative of the central government, aimed at empowering women in rural and semi-urban areas economically. Under this scheme, women associated with self-help groups are provided with interest-free loans of up to five lakh rupees to start their own businesses. The government itself covers the interest on the loan, ensuring that women do not face any financial burden.
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What is the Lakhpati Didi Yojana?
The Lakhpati Didi Yojana is a women’s empowerment program run by the central government, specifically designed for women associated with self-help groups. The objective of this scheme is to strengthen the economic condition of women by providing them with new employment opportunities. The government wants women to not only to be limited to their families but also play a significant role in society and the economy through their businesses.
How to avail of the interest-free loan facility
The biggest feature of the Lakhpati Didi Yojana is that it provides women with interest-free loans of up to five lakh rupees. Although banks charge interest at the normal rate, it is paid by the government as a subsidy. The direct benefit of this is that the female beneficiary only has to repay the principal amount, making it easier to start a business.
In which sectors can women start working?
Under this scheme, women are encouraged to pursue self-employment in several sectors. Agriculture-related work, animal husbandry, dairy units, food processing, handicrafts, tailoring and embroidery, beauty services, and other service sectors are included. Women can choose their business according to local needs and market demand, creating better income opportunities.
Skill training provides additional strength
The Lakhpati Didi Yojana is not limited to just loans; it also provides women with skill training related to business. Through training, women are given basic knowledge of production, marketing, accounting, and management. This enables women to successfully run their businesses for a long time and continuously increase their income.
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Scheme Objectives and Social Impact
The main objective of this scheme is to increase women’s annual income to at least one lakh rupees. When women are financially empowered, it has a positive impact on the entire family and society. The Lakhpati Didi scheme is not only creating employment opportunities but also boosting women’s confidence and decision-making abilities.