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What Is Lakhpati Didi Yojana? Know About Its Benefits. Eligibility, And How To Apply

Neha Gupta

Author

Updated: 16-04-2025 at 1:00 PM

Prime Minister Shri Narendra Modi has a dream to make 2 crore lakhpati didi across India. But like many, if you have the same question, ‘Lakhpati Didi Yojana (लखपति दीदी योजना) kya hai?’, then this will be the right place for you.

Come with us as we take you to August 15, 2023, through the ramparts of the Red Fort and Prime Minister Modi’s dream of transforming India.

Read the article to learn more about the scheme, ranging from its meaning and objectives to eligibility criteria and application process.

Overview

Below is a table that summarises the significant points about the new plates that one should know about.

Name of the scheme	Lakhpati Didi Scheme
Lanched by	Government of India
Launched in	2023
Objective	To empower women from rural areas financially
Target group	Rural women who are a part of SHGs

What Is The Lakhpati Didi Scheme (लखपति दीदी योजना)?

To date, our nation has around 90+ lakh SHGs. These groups have transformed the lives of ten crore women. SHGs have not only changed rural India’s socio-economic landscape but also helped women become empowered and self-reliant.

A Lakhpati Didi is a member of any SHG with an annual household income surpassing INR 1,00,000. But moving past the monetary aid, this Ministry of Rural Development initiative is helping women adopt sustainable livelihood practices, ultimately changing their lifestyles.

What Are Self-Help Groups?

Before we begin, it is important to understand what Self-Help Groups (SHGs) are. As the name suggests, SHGs are small groups of poor people who face similar problems and help each other solve their problems. SHGs facilitate small savings under its name that are kept with the bank, which would later be given as small loans to its members in need.

After following the foundation of ‘Bank-wali didi’, ‘Anganwadi didi’, and “Dawai-wali didi’, the Modi-Government SHGs initiative is to make ‘Lakhpati didi’.

Lakhpati Didi Yojana And The 2024-25 Budget

Initiated in 2023 and aimed at 2 crore women, in the interim Budget 2024-25, Union Finance Minister Nirmala Sitharaman extended the number of beneficiaries to 3 crore.

What Is Lakhpati Didi Yojana Strategy?

With this initiative, diversified, strengthened, and growing livelihood options can be noticed. The household will be encouraged to choose multiple income-generating sources and careers.

All members of the SHGs federation will get quality implementation support almost immediately. Be it assets like equipment or infrastructure, skill development, banking assistance, or marketing help, any service required will be given instantly.

The Lakhpati Didi Yojana is well integrated with other schemes on both inter- and intra-departmental levels.

Regular training and skill development are integral parts of this initiative. Training various elements needed for better livelihood activities and increasing the knowledge of women is paramount.

What Is The Financial Assistance Under The Lakhpati Didi Scheme?

Financial assistance provided under the Sarkari Yojana is mentioned below in detail for one’s better understanding:

Revolving Fund (RF): Members regularly contribute a small amount from their savings to lend to each other within the SHG group. As the group age increases, so does the collected interest, which belongs to all the members.
Vulnerability Reduction Fund (VRF): VRF is given to the SHGs through primary and secondary level federations. These funds support the members’ lifestyles and promote collective activities between them.
Community Investment Fund (CIF): This fund aims to develop the credit score of the community among the financial institutes. Along with that, with CIF, poor women could also learn financial management skills.
Viability Gap Fund (VGF): Cluster Level Federations, or CLFs, are given Community Investment Funds in the form of start-up funds, or CIFs. Through this, CLFs earn their income to meet their working expenditures.
Bank Linkage: Monetary help is a key element in empowering any SHG group and its members. To make Lakhpati Didi, it is important to make them preferred clients of the banking system.
Financial Assistance and Better Price Negotiation for Women Producer Groups (PGs).
Lakhpati Didi Yojana aims to promote all and any large-size women Producer Enterprises (PEs). This collectively improves the SHG members’ sales, market reach, business, and more.
In conjunction with the Ministry of Agriculture and Farmers Welfare, the Lakhpati Didi Scheme is helping Women Farmer Producer Organisations (FPOs) with Rs 15 lakh of equity grant support for three years.
The Community Enterprise Fund (CEF) is provided for individual and group enterprise promotion, helping SHG members with various earning options.
With economic growth and reducing poverty and unemployment, the Start-Up Village Entrepreneurship Programme (SVEP) is supporting rural enterprises of SHG women.
Aajeevika Grameen Express Yojana, or AGEY, in conjunction with Lakhpati Didi Yojana, is helping women provide safe and affordable community-monitoring transport services to areas not yet serviced by the market.
One Stop Facility, or OSF, is a business facilitation and incubation centre to provide BD services to non-enterprises.
To assist and support SHG members and their family members, the MED (Micro Enterprise Development) scheme is providing post-enterprise grounding support for all non-farm sectors.
The Incubator is a strategy-formation initiative to scale up a minimum of 150 existing women-driven enterprises across India.
Under the Lakhpati Didi Yojana, two forms of clustering are promoted. One is Artisan clusters with a handloom and handicrafts focus, and the second is Sectoral clusters focusing on food service, nutrition, tourism, and more.
Other capitalisation support extended to SHG members are collateral-free loans and interest subvention, and every woman under the scheme with a Jan-Dhan account is eligible for an overdraft amount.
Lakhpati Didi Schme provides a Women Enterprise Acceleration Fund for both individual enterprises and collective enterprises/FPOs.
The last is marketing support. The Lakhpati Didi scheme gets a dedicated e-commerce platform, a gallery curated with SHG products, an alliance with major e-commerce platforms like Amazon and Flipkart, and an association with Patanjali.

What Are The Benefits Of The Lakhpati Didi Yojana?

There are several benefits of the Lakhpati Didi Yojana. Some of its key benefits are laid down below, which will provide you with the drive and motivation to apply for the scheme:

The female applicant should be an SHG member. This enables them to receive training in different locations.
Through the Lakhpati Didi Scheme, every SHG gets an entry of up to 20,000 new women, helping them manage and start their businesses.
Getting drones for irrigation activities will aid in the technological enhancement of the rural agriculture sector and empower women.
Lakhpati Didi provides various benefits to SHG women, like financial literacy workshops, insurance, loan facilities, skill development, incentives, and more.

Are You Eligible To Be A Lakhpati Didi?

There are very simple criteria for women to be called lakhpati didi. The eligibility criteria for the scheme are written below in detailed points:

The woman must be a permanent resident of the state.
The annual household income of the applicant woman must not exceed Rs 3 lakh.
No member of the applicant’s family should be in a government job.

How To Apply For The Lakhpati Didi Yojana (लखपति दीदी योजना )?

So once your eligibility criteria are good to go, let’s see how you can apply for the Lakhpati Didi Yojana. The application process is written in a step-wise format:

Step 1: Make sure to have all the required documents and an operative mobile number.

Step 2: Being a member of a local SHG is very crucial. These groups are the primary channel where all government plans and scheme information is distributed. So, if you are not part of one, then join a local SHG today.

Step 3: After that, visit your nearest Anganwadi centre, where complete information regarding the Lakhpati Didi scheme is given. Along with that, complete guidance is also provided on how to fill out the form and complete the process.

Step 4: Fill out the Lakhpati Didi Yojana form, and make sure to mention all the written details to avoid any rejection.

Step 5: Submit your application form and attach all the documents required to the nearest Anganwadi centre or scheme-designated office.

Step 6: Once applied, a verification process is done to check the applicant’s eligibility details and provide information.

Step 7: Once the application is approved, a confirmation will be given by letter, email, or SMS.

Step 8: To start, the applicant has to attend financial literacy workshops and related training programmes.

Step 9: Only after successful completion of all the aforementioned steps will the applicant receive financial assistance and skill development training to be able to be a ‘lakhpati didi’.

What Are The Documents Required To Apply For The Lakhpati Didi Scheme?

There are some supporting documents that women applying for the scheme are supposed to attach. The list of those documents is as follows:

Residence certificate
Aadhaar card
Ration card
Income proof
Bank account information

Conclusion

There is no denying that the Lakhpati Didi Scheme is a turning point in empowering rural women in India. In recent years, the Female labour force participation rate in rural India has seen a drastic change, with an increase in the FLFP rate for all ages from 18.2% in 2017–18 to 30.5% in 2022–23.

This new era of women’s growth is achieved by enabling financial literacy and teaching a sense of independence among women.

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