The Lakhpati Didi Scheme is an innovative programme launched by the State Government of Uttarakhand with the goal of empowering rural women by promoting financial self-reliance. Through this scheme, women associated with self-help groups (SHGs) are encouraged to start their small businesses thus improving their financial stability and adding value to local economies.
The Finance Minister, Nirmala Sitharaman, shared some exciting news during her budget speech. She talked about the ‘Lakhpati Didi Scheme,’ which is about women who work together in groups to earn a good amount of money every year.
Before this announcement, the Scheme goal was for 2 crore Lakhpati Didis. But now, the government wants to help even more women, so the Govt. increased the target to 3 crore Lakhpati Didis.
These Lakhpati Didis are making a big difference in rural areas. The government wants to empower and help women become self-reliant. So far, the govt has already helped one crore women become Lakhpati Didis!
Lakhpati Didi Scheme Eligibility Criteria
The eligibility for the Lakhpati Didi Scheme is simple. It is designed for the citizens of Uttarakhand, focusing on women who are part of SHGs. The scheme is only for Indian women, and it does not accept Non-Resident Indian (NRI) women.
The Lakhpati Didi Scheme invites applications through an online process. Though the scheme is freshly launched, and the exact online portal and the final date for application submission are yet to be shared. This online method eases the application process and ensures a broad reach.
Objectives and Benefits
The Lakhpati Didi Scheme has straightforward and helpful goals. It wants to better the financial lives of women, helping them to live independently and support their families well. By motivating women to start their own small businesses, the scheme lends a helping hand in the form of technical training to meet market needs. Financial support is a big part of this scheme, aiding women to start or grow a business or explore other ways to earn money.
Apart from training and loans, this scheme also provides additional benefits like, women who are part of the Pradhan Mantri Awas Yojana will also get help with housing, making sure they have a safe and affordable place to live.
Loan Assistance and Training
The process to distribute loans under the Lakhpati Didi Scheme is well-planned. Monthly camps are set up at the local level to give loans to chosen women, especially those earning less each year. A loan amount of Rs. 5 lakhs is set aside for each chosen woman, acting as a financial increase for their business ideas.
Training is a strong pillar of the Lakhpati Didi Scheme, ensuring women are ready to step into the business world. Many training sessions are held to give women the skills needed to make products that people want to buy. Training is also provided to coordinators at the local and district levels, making sure that the initiative is properly implemented.
Lakhpati Didi Scheme Implementation
The Department of Rural Development is in charge of putting the Lakhpati Didi Scheme into action. The department’s role in creating and implementing the project is to promote business ideas and stable earning opportunities for women in Uttarakhand.
The Lakhpati Didi Scheme is a big step towards empowering rural women. The plan provides a way for rural women to support their families and the local community in ways by providing money, training, and other help. As the initiative develops, it has the potential to transform lives and inspire economic growth from the bottom up.