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Lakhpati Didi

PM Modi to Visit Maharashtra and Rajasthan, Distribute Loans to Lakhpati Didis

August 25, 2024 at 10:57:38 AM GMT+5:30

Prime Minister Narendra Modi will visit Jalgaon and Jodhpur on August 25. In Jalgaon, he will participate in the Lakhpati Didi Sammelan and interact with 11 lakh Lakhpati Didis. He will also release a Revolving Fund of Rs 2,500 crore and disburse bank loans worth Rs 5,000 crore to benefit SHGs. In Rajasthan, he will be the Chief Guest at the concluding ceremony of the High Court's Platinum Jubilee celebrations.

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Lakhpati Didi Sammelan: Empowering Women Through Self-Help Groups

Background

The Lakhpati Didi Sammelan is an initiative launched by the Government of India under the Ministry of Rural Development in 2017. It aims to recognize and empower women who are members of Self-Help Groups (SHGs) and have achieved financial independence.

SHGs are community-based groups of 10-20 women who pool their savings and provide mutual support for economic activities. They play a vital role in financial inclusion, as they enable women from marginalized communities to access credit and start small businesses.

Lakhpati Didi Sammelan 2023

On August 25th, 2023, Prime Minister Narendra Modi will participate in the Lakhpati Didi Sammelan in Jalgaon, Maharashtra. The event will bring together approximately 11 lakh women who have become "Lakhpati Didis" (millionaires) through their involvement in SHGs.

During the Sammelan, the Prime Minister will release a Revolving Fund of Rs 2,500 crore and disburse bank loans worth Rs 5,000 crore to benefit SHGs. This will provide additional financial support for women to expand their businesses and achieve greater economic independence.

Top 5 FAQs

Q1: What is the purpose of the Lakhpati Didi Sammelan? A: To recognize and empower women who have achieved financial independence through Self-Help Groups.

Q2: Who is eligible to participate in the Lakhpati Didi Sammelan? A: Women who are members of SHGs that have achieved significant financial growth.

Q3: What benefits will be provided to Lakhpati Didis? A: Revolving Funds, bank loans, and access to financial services.

Q4: How can women join SHGs? A: They can contact the local administration or non-governmental organizations that facilitate SHG formation.

Q5: What other initiatives has the Government of India launched to empower women? A: Women-led SHGs, Pradhan Mantri Mahila Shakti Kendra, and Mahila E-Haat, among others.

Conclusion

The Lakhpati Didi Sammelan is a testament to the Government of India's commitment to empowering women and promoting financial inclusion. By providing financial support and recognition, the program aims to create a positive and enabling environment for women entrepreneurs to thrive.

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