Lakhpati Didi Scheme Tips: A loan of Rs 5 lakh is available without interest under the Lakhpati Didi Scheme...

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The Lakhpati Didi Scheme of the Modi government is a scheme under which loans are given to women without interest. This completely interest-free loan can range from Rs 1 lakh to Rs 5 lakh.


The government is trying to create and establish economic empowerment and financial independence among women. There is only one condition to avail the benefit of this scheme, and that is that this loan will be available only to those women who are members of the Self Help Group (SHG). Last year, PM Modi mentioned the Lakhpati Didi scheme from the ramparts of the Red Fort and Finance Minister Nirmal Sitharaman while presenting the interim budget 2024. Recently once again the Prime Minister mentioned this scheme in his speech.

Last year, the target of the number of women taking benefits under this scheme was kept at 2 crore, but this year in the interim budget, Finance Minister Nirmala Sitharaman has announced to increase this number from 2 crore to 3 crore. Since here an attempt is made to increase the total income of the woman or the family due to the woman to Rs lakh, hence it was named Lakhpati Didi Yojana. For more information related to women and personal finance, you can click here.

What are Self Help Groups - Small groups consisting mainly of women living in rural areas, come together to save money and give loans to each other. Citing data from the Deendayal Antyodaya Yojana-National Rural Livelihood Mission (DAY-NRLM) released in December 2023, Down to Earth's report states that there are 90 lakh SHGs in India with approximately 100 million women members. This started in some rural areas in the 1970s. The most talked about Self-Employed Women's Association (SEWA) was in Gujarat.


Under the Lakhpati Didi scheme, the annual income of Rs 1 lakh is calculated for at least four agricultural seasons or business cycles. And, for those whose average monthly income is more than ten thousand rupees, this calculation has been kept due to the sustainability of the income. This scheme is implemented by the Rural Ministry of the government. Providing business training, delivering goods to the market, and providing necessary skills and training are all possible under this scheme. For more information about this, you can log in at this address-

This loan can be availed for works like poultry farming, LED bulb manufacturing, farming, mushroom cultivation, strawberry cultivation, animal husbandry, milk production, handicraft work, goat rearing, and take home ration plants.

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