What is Lakhpati Didi Scheme? – Objectives, Features, Benefits, Eligibility, How to Apply, 10 Key Facts Latest News –  UPSC Questions

This is the reason why Lakhpati Didi Scheme / Lakhpati Didi Yojana is in the News.  If you are preparing for UPSC exams or many other major competitive examinations similar to it, then you must be aware of Key takeaways of Interim Budget2024 & at least have a basic understanding of Lakhpati Didi Scheme or Lakhpati Didi Scheme.

If you are totally unaware of it, then there is nothing to worry about. Because, in this blog, we have added a comprehensive details about Lakhpati Didi Scheme plus we also have added about its importance in your UPSC exam. If you are also excited to know about it, then read this blog to the end.

So, let’s start-

This expansion highlights the success of the scheme in transforming rural socio-economic landscapes and empowering women to become financially self-sufficient.

The announcement was made during the presentation of the interim Budget for 2024-25, emphasizing the government’s commitment to the scheme’s positive impact on women’s lives and the overall development of the country.

What is Lakhpati Didi Scheme? –Lakhpati Didi Scheme UPSC –Lakhpati Didi Yojana UPSC

The Lakhpati Didi Scheme helps women in India learn new skills, like plumbing and making LED bulbs, to start small businesses in their villages.

The aim is for them to earn at least ₹1 lakh per year. The government plans to increase the number of women benefiting from the scheme from 2 crore to 3 crore, showing that it has been successful.

The scheme is making a positive impact by giving women the tools they need to create a better financial future for themselves and their communities.

Source: The Hindu

Its primary goal is to create three crore financially self-reliant ‘lakhpati didis’ in villages across India, providing interest-free loans of INR 5 lakh to economically disadvantaged women.

Implemented by the Department of Rural Development, the scheme offers extensive training, connects women with self-help groups, introduces 20,000 women to such groups, provides drones for agriculture, and offers additional benefits like financial literacy workshops and insurance coverage.

The eligibility criteria center on empowering women, and interested applicants can obtain details from their nearest Anganwadi center.

1. Lakhpati Didi aims to empower women economically through skill training and entrepreneurship.
2. Women are encouraged to learn diverse skills like plumbing and LED bulb manufacturing.
3. The main goal is for women to earn at least ₹1 lakh annually from their micro-enterprises.
4. The scheme has expanded nationally, reaching women across the country.
5. Entrepreneurship is promoted by helping women start small businesses in their villages.
6. Diverse skills contribute to a more inclusive local economy.
7. The scheme focuses on boosting confidence and involvement in decision-making for women.
8. Successful women are recognized to inspire others in the community.
9. Collaborations with e-commerce platforms provide market access for women’s products.
10. Lakhpati Didi contributes to transforming rural areas by improving women’s financial status and promoting self-reliance.

1. Skill Development Focus: Lakhpati Didi prioritizes skill development, offering training in practical areas such as plumbing, LED bulb manufacturing, and other diverse skills.
2. Micro-Enterprise Promotion: The scheme actively encourages the establishment of micro-enterprises within villages, fostering entrepreneurship among women.
3. Financial Goal: The primary objective is for women to achieve a sustainable annual income of at least ₹1 lakh through their micro-enterprises.
4. National Scale: Initially introduced in specific states, Lakhpati Didi has expanded its reach nationally, benefiting women across the entire country.
5. Market Access: Collaborations with e-commerce platforms enable women to access a broader market, promoting the sale of products created by self-help groups.

1. Fosters economic empowerment, nurturing self-reliance among women.
2. Enhances skills through training opportunities.
3. Connects women with Self-Help Groups for financial independence.
4. Facilitates entry of 20,000 women into self-help groups for entrepreneurial ventures.
5. Introduces drones for agricultural activities, advancing rural technology.
6. Precision farming through drone training for 15,000 women’s SHGs.
7. Conducts financial literacy workshops to improve financial knowledge.
8. Provides credit facilities, supporting women entrepreneurs in business growth.
9. Offers vocational training, broadening skill sets and employability.
10. Holistically empowers women with insurance, talent development, financial incentives, and virtual monetary inclusion.

• Residency: Applicants must be native to Rajasthan.
• Self-Help Group Participation: Active engagement in self-help groups is required.
• Gender Focus: The eligibility criteria prioritize women, ensuring they are the primary beneficiaries of the initiative.

1. Joining Self-Help Groups: Interested women need to join self-help groups (SHGs) such as Anganwadi didi, bank wali didi, and medicine wali didi.
2. Obtaining Details: Women can obtain further details about the scheme and the application process from their nearest Anganwadi center.
3. Document Submission: Applying for the scheme entails submitting essential documents. The required documents may include a domicile certificate, Aadhar card, ration card, income certificate, and bank account information.
4. Gathering Information: Applicants need to gather relevant information from the Anganwadi center to complete the application process.

1. Domicile Certificate: Proof of residence in the state of Rajasthan.
2. Aadhar Card: Identification document with a unique identification number.
3. Ration Card: Proof of household ration and economic status.
4. Income Certificate: Verification of annual income for eligibility assessment.
5. Bank Account Information: Details of the applicant’s bank account for financial transactions.

Every eligible woman can avail a substantial loan amount of Rs. 5 lakhs under this scheme, a crucial step toward ensuring their economic growth.

The scheme’s emphasis on loan assistance aims to empower women economically, allowing them to initiate and expand their businesses.

This financial support plays a pivotal role in realizing the scheme’s objective of creating financially self-reliant ‘lakhpati didis.’

10 Key Facts about Lakhpati Didi Yojana  – Lakhpati Didi Scheme Facts