Lakhpati Didi Yojana: Govt Initiative Offers Interest-Free Loans Up to Rs 5 Lakh

Lakhpati Didi Yojana, frequently highlighted by Prime Minister Narendra Modi, stands as a beacon of empowerment for women across the nation.

This visionary scheme aims to swiftly elevate women to the status of millionaires, fostering economic strength and self-reliance.

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The key criterion for availing benefits under this scheme is membership in a Self Help Group (SHG).

Empowering Women, Transforming Lives

Originally targeting 2 crore beneficiaries, the government has now expanded the scope of the scheme to reach 3 crore women.

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The overarching goal is to augment women’s annual household income to at least Rs. 1 lakh, earning them the title of ‘Lakhpati Didi.’

Who is a Lakhpati Didi?

Lakhpati Didis represent the epitome of success, with over 1 crore women already benefiting from the scheme.

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These women, associated with approximately 83 lakh self-help groups nationwide, demonstrate self-sufficiency by generating an annual family income of Rs. 1 lakh or more.

Prime Minister Modi unveiled this ambitious initiative on the 77th Independence Day celebrations, symbolizing a commitment to women’s economic empowerment.

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Benefits Galore: Nurturing Financial Growth

Under the Lakhpati Didi Scheme, women receive an array of benefits ranging from financial assistance to skill development training.

From vocational workshops teaching technical skills like LED bulb making to entrepreneurship support and insurance coverage, the scheme equips women with the tools necessary to boost their income and achieve financial prosperity.


Additionally, access to savings options, small loans, and market support further enhances their economic potential.

Securing Loans under Lakhpati Didi Yojana

Women aged 18 to 50 years can avail themselves of the Lakhpati Didi scheme by joining a self-help group in their region.


To initiate the process, applicants must submit requisite documents and a business plan to the regional self-help group office. Upon approval, applicants are contacted for loan disbursement.

Necessary documents include Aadhaar Card, PAN Card, income proof, bank passbook, registered mobile number, and passport-size photograph.

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Lakhpati Didi Yojana embodies the government’s unwavering commitment to empowering women economically, paving the way for a brighter and more prosperous future for millions of women across the nation.


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