Start a business from home; women can get a ₹5 lakh loan without collateral.

Lakhpati Didi Scheme: The Lakhpati Didi Scheme assists rural women in starting or expanding businesses. Eligible women associated with Self-Help Groups (SHGs) receive financial aid, training, and opportunities to connect with markets.

Lakhpati Didi Yojana News: If you live in a village and are considering starting a new business or expanding an existing small business, this information is relevant to you. Under the Central Government's Lakhpati Didi Scheme, women associated with Self-Help Groups (SHGs) are provided with financial assistance for self-employment, necessary training, and market access. The primary objective of this scheme is to make rural women self-reliant.

Under this scheme, eligible women receive financial assistance to start various types of ventures. Additionally, women can increase their income through activities such as tailoring and embroidery, dairy farming, running grocery stores, food processing, and agriculture.

What are the benefits of the Lakhpati Didi Scheme?

Eligible women can avail of a collateral-free loan of up to ₹5 lakh to start a business or expand an existing one.
For individual loans, an interest concession is provided for up to 3 years on amounts up to ₹1.5 lakh.
In certain cases, loans can be obtained without pledging any assets.
Self-Help Groups (SHGs) can receive financial assistance in the form of loans and subsidies of up to ₹3 lakh for business-related products.
Additionally, SHGs can avail of the facility to secure a collateral-free loan of up to ₹20 lakh from banks for their business operations.
Eligible female members of SHGs may also be granted an overdraft facility of up to ₹5,000 through Jan Dhan accounts.
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Which women can apply?

The applicant must be a resident of a rural area in India.
The woman must be between 18 and 50 years of age. The applicant must be associated with a Self-Help Group (SHG).

What documents are required for the application?

Aadhaar card
Bank passbook
PAN card
Income certificate
Proof of residence
Passport-sized photograph
Active mobile number

How to apply for the Lakhpati Didi Yojana?

To avail the benefits of this scheme, first contact your Gram Panchayat office, Block Development Office, or the nearest Self-Help Group. Inform the group office-bearer or the Block Mission Manager about your business or business idea.

Next, accurately fill in the details regarding yourself and the SHG in the application form, and attach all the required documents. Then, complete the application process. Following this, the loan may be approved after the bank verifies the application and eligibility.