The government has launched a special initiative aimed at empowering women by providing interest-free loans of up to ₹5 lakh. Known as the Lakhpati Didi Yojana, this scheme is designed to offer financial support and business opportunities to women across the country.

What is the Lakhpati Didi Yojana?

While many struggle with high-interest loans, the Lakhpati Didi Yojana provides eligible women with interest-free financial assistance to start their own businesses. Launched by the Narendra Modi government, this initiative is part of a broader effort to promote women’s self-employment and entrepreneurship.

Under this scheme, women receive skill development training through self-help groups (SHGs), equipping them with the expertise needed to establish and run successful businesses.

Loan Benefits and Eligibility

• The scheme provides an interest-free loan ranging from ₹1 lakh to ₹5 lakh.
• It was introduced on August 15, 2023, and has already benefited over 1 crore women.
• Initially, the government aimed to support 2 crore women, but due to its popularity, the target has been increased to 3 crore as announced in the interim budget.

Key Benefits of the Lakhpati Didi Yojana

• Business Training & Support: Women receive professional guidance to start and expand their businesses.
• Market Assistance: The program provides assistance in marketing and selling products.
• Interest-Free Loans: Financial aid is provided without any interest burden.
• Insurance Benefits: The scheme also includes low-cost insurance coverage.
• Savings Promotion: Women are encouraged to develop financial stability through savings.

How to Apply for an Interest-Free Loan?

To avail the benefits of the Lakhpati Didi Yojana, applicants must meet the following criteria:

✅ Eligibility Requirements:

• Women aged 18 to 50 years.
• Must be a resident of the state where the scheme is being implemented.
• Membership in a self-help group (SHG) is mandatory.

✅ Application Process:

1. Prepare Required Documents:
   • Aadhaar Card
   • PAN Card
   • Income Proof
   • Bank Passbook
   • Valid Mobile Number
   • Passport-Size Photographs
2. Submit a Business Proposal:
   • Women must submit a business plan along with the required documents at their regional self-help group (SHG) office.
3. Approval & Disbursement:
   • Applications will be reviewed and, upon approval, the loan will be processed and disbursed.

Conclusion

The Lakhpati Didi Yojana is a significant step towards women’s financial independence by providing them with the necessary skills, resources, and financial support to build their own businesses. If you meet the eligibility criteria, this is a great opportunity to start your entrepreneurial journey with zero interest financial aid.

For more details, visit your nearest self-help group office or contact your state government’s women’s welfare department.