Lakhpati Didi is an initiative of the Ministry of Rural Development that strives to empower women associated with Self-Help Groups to have an annual household income exceeding Rs. 1,00,000 through adopting sustainable livelihood practices.

The programme was launched during 2023.  

The Lakhpati Didi scheme is a government initiative in India aimed at empowering women, particularly those in rural areas, through economic self-sufficiency. 

Here’s a breakdown of the key aspects of the scheme:

  • Goal: To help women in self-help groups (SHGs) achieve an annual household income exceeding ₹1,00,000 (one lakh). This translates to a sustainable monthly income averaging over ₹10,000.
  • Target: The scheme initially aimed to train two crore (20 million) women, with the target later expanded to three crore (30 million) women

How it works:

  • Focus on Self-Help Groups (SHGs): Women join or are already part of SHGs, which serve as platforms for financial literacy, skill development, and access to resources.
  • Skill Development and Training: The scheme provides training in various fields, such as LED light making, plumbing, and drone repairs, to enable women to start their own businesses or find employment.
  • Financial Inclusion and Support: Access to formal banking services, including savings, credit facilities, and loans (collateral-free loans up to ₹20 lakh per SHG and interest subvention on loans up to ₹3 lakh), is facilitated. Overdraft (OD) limits of ₹5,000 are available for women SHG members with Jan-Dhan accounts.
  • Encouraging Entrepreneurship: The scheme promotes women-led enterprises by providing necessary support like business planning, market research, and marketing assistance.
  • Diversified Livelihoods: The program aims to encourage women to engage in various livelihood activities, including agriculture, livestock management, manufacturing, and trading.
  • Eligibility: To be eligible for the scheme, women must be Indian citizens, preferably permanent residents of the state where they are applying, and between the ages of 18 and 50. They must be members of a women’s SHG, and their family’s annual income should not exceed ₹3 lakh, with no family member in government employment.
  • Application process: Joining a local SHG is crucial. Information regarding the scheme and application procedures can be found at Anganwadi centers. Applicants need to fill out a form with required documents and attend financial literacy and training programs.

Benefits of the Lakhpati Didi Scheme

  • Economic Empowerment: Enables women to achieve financial independence and improve their household income.
  • Skill Development: Provides training and upskilling opportunities in various sectors, increasing employability and entrepreneurship potential.
  • Financial Inclusion: Facilitates access to formal financial services like loans, savings, and insurance.
  • Entrepreneurial Growth: Supports women in starting and managing their own businesses.
  • Rural Transformation: Contributes to the overall socio-economic development of rural areas by empowering women. 

The Lakhpati Didi scheme is a significant initiative aimed at enhancing the financial independence and overall well-being of women in rural India, fostering their participation in the economic sphere, and transforming the rural socio-economic landscape.

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