Lakhpati Didi Yojana, Benefits, Application and List

The Lakhpati Didi Yojana is an initiative run by the Ministry of Rural Development, Government of India, which aims at financial empowerment of women in rural areas. It was launched in December 2023 and initially targeted 2 crore women, which was increased to 3 crore in the 2024-25 budget. This article provides detailed information about Lakhpati Didi Yojana, benefits, eligibility, application etc.

What is Lakhpati Didi Yojana?

Lakhpati didis are those who are earning Rs 1 lakh or more annually through their own skill development as members of Self-Help Groups of the Government of India. It is not just for temporary income but the scheme aims to improve the standard of living of rural women by providing them with an income of at least 10,000/- per month or more in agriculture or business.

There are more than 90 lakhs of these self-help groups in the country, where about 100 crore women have been empowered and self-reliant, making a lot of changes in the rural socio-economic sphere.

Objectives of Lakhpati Didi Yojana

Many initiatives have already been taken by the Central and State Governments to engage the women of Bharat in various employments, to make them self-reliant and economically empowered, the benefits of which we can see in various fields. According to a 2023 report, the number of women entrepreneurs has increased by about 18% in the last 5 years.

Some of the objectives of women empowerment are mentioned below:

• According to a report by one of the country’s leading management consulting firms, there are about 1.5 crore women in India who are the owners of various industries and that is about 22% of the total industries in the country. So it is expected that if women are provided with proper support, the number of women entrepreneurs can be increased to around 3 crores in future.
• Another important reason for women’s empowerment is that India ranks 127 out of 146 on the World Economic Forum’s 2023 Gender Inequality Index, which is much better than the 2022 rank of 135.
• A large part of our country is rural area and these rural women constitute a major part of the population of India. Therefore, by educating and employing them in various technical fields, it is possible not only to improve their living conditions, but also to improve the social and financial sectors. This inclusion of rural women has an important role to play in moving the country forward in the future.

Lakhpati Didi Yojana Details

The details of Lakhpati Didi Yojana are mentioned in the table below:

Lakhpati Didi Yojana benefits

Under Lakhpati Didi Yojana, women will get various benefits related to work initiative, which are mentioned below:

• Under this scheme, members of Self-Help Groups will get various types of technical training like Agriculture, Handicrafts, Technology etc.
• Micro credit facilities are provided to women so that they can easily take up any venture on their own.
• Each woman in the self-help group is given an interest-free loan of Rs 1 to 5 lakh to start her own business.
• The scheme provides skill development and vocational training along with guidance to start a business for women who want to become entrepreneurs.
• Here women are introduced to various modern technologies such as digital banking services for payments, mobile wallets and other digital platforms etc. are encouraged.
• 15,000 women will be trained in the use of drones in agriculture where drones will teach them how to look after crops, spray pesticides, spread seeds, etc., which will benefit both rural women and agriculture.

Lakhpati Didi Yojana Road Map

The Lakhpati Didi Yojana works in the following manner:

Formation of Self Help Group (SHG):

The first step of the Lakhpati Didi Yojana is the formation of self-help groups, which will include master trainers and community resource persons. Their job is to identify potential millionaires. Usually a self-help group is formed of 10-20 women of similar socio-economic background.

Skill Development and Training:

After self-help groups are formed, they are trained in different livelihood models. All these session plans, presentations, reference documents, videos etc. can also be downloaded from the website.

Market connection:

Then the trained women are first planned according to their respective fields such as manufacturing or service work. Then linkages are made with various stakeholders, public and private sector partnership sectors to establish market linkages for similar work.

Monitoring:

Livelihood activities and income will be reported periodically through Livelihood Registration.

Lakhpati Didi Merit

Following qualifications are required for Lakhpati Didi Yojana:

• Only female residents of India can participate in this scheme.
• Applicant should be an active member of self help group.
• Applicant age should be between 18 years to 50 years.
• No member of the woman’s family should be in government service.
• The family income of the applicant woman shall not exceed 3 lakh rupees per annum.

Lakhpati Didi Yojana Documents

You need the following documents to apply for Lakhpati Didi Yojana:

• Aadhaar Card
• PAN card
• Income certificate
• Address proof
• Bank Account Details
• Mobile Number
• E-mail ID
• Passport size photograph

Lakhpati Didi Yojana Application

You can apply for this scheme in the following ways:

• Before applying for Lakhpati Didi Yojana you must first join a local Self Help Group (SHG). Various government benefits are provided through these groups so you can get all the information from there.
• To apply for Lakhpati Didi Yojana you need to visit the nearest Anganwadi center. There you will get detailed information about the scheme and they will also give you proper instructions on the application process.
• You will get the application form at the Anganwadi center itself and can submit the application form there along with all the required documents.

Lakhpati didi list

The Government of India provides assistance for the development of rural areas of the country through Self-Help Groups. 10-20 or more women can form a self-help group with the urge to work as a team. Every group has to be registered under NRLM (National Rural Livelihood Mission), only then they can get government grant money.

You can check the list of Self Help Groups from the official website of NRLM at nrlm.gov.in, or directly click Lakhpati Didi List.

Lakhpati Didi Yojana related Queries (FAQs):