Women will be able to start their own business, the government is giving an interest free loan of Rs 5 lakh..

The Government of India has come up with a great scheme to make women self-reliant and fulfill their business dreams, named Lakhpati Didi Yojana. Under this scheme, women can take a loan of up to Rs 5 lakh without any interest. This scheme is specially designed for those women who want to start their small business or want to expand their existing business. Let us tell you the complete details of this scheme.

Lakhpati Didi Yojana has been designed by the Central Government. Its purpose is to empower women financially. Under this scheme, the government gives loans to women at low interest or no interest so that they can start their businesses. Whether you want to open a small shop, start sewing work, or do any other small business, this scheme can be helpful for you. The goal of this scheme is that women can earn Rs 1 lakh or more annually and become self-reliant.

Who will get the benefit?

Any woman who is associated with a self-help group (SHG) can take advantage of this scheme. A self-help group is a group in which women work together for small businesses or savings. Apart from this, some basic conditions have to be fulfilled. Such as you being an Indian citizen and submitting some necessary documents.

How to get a loan?

To get a loan under Lakhpati Didi Yojana, you have to contact your nearest bank or self-help group office. There you have to fill out an application form and give information about your business plan. If your application is approved, you can get a loan of up to Rs 5 lakh without interest. To repay this loan, you are also given the option of easy installments, so that you do not have much trouble.

What are the benefits of this scheme?

The biggest advantage of this scheme is that no interest has to be paid on the loan. This reduces the financial burden on women. Also, this scheme helps women to stand on their own feet and increase confidence. Through this, not only can women create a source of income for themselves, but they can also contribute to their families and society. The government's goal is that through this scheme, lakhs of women become lakhpatis and improve their lives.

How to apply?

To get a loan, you have to contact your nearest bank, the Rural Development Ministry office, or a representative of a self-help group. There you will have to submit your Aadhaar card, PAN card, and other necessary documents. Also, you have to tell what kind of business you want to use the loan for. The government and the bank will check your application and start the loan disbursal process as soon as possible.

Disclaimer: This content has been sourced and edited from TV9. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.