Prime Minister Narendra Modi will be visiting Jalgaon in Maharashtra and Jodhpur in Rajasthan on August 25, where he will be engaging with Lakhpati Didis and releasing a Revolving Fund of Rs 2,500 crore that will benefit 48 lakh members of 4.3 lakh Self-Help Groups (SHGs). During the Lakhpati Didi Sammelan, he will also award certificates to 11 lakh new Lakhpati Didis and disburse bank loans totaling Rs 5,000 crore to support 2.35 lakh SHGs. This initiative is part of the government's aim to empower three crore women as Lakhpati Didis. In Jodhpur, PM Modi will also serve as the Chief Guest at the concluding ceremony of the Platinum Jubilee celebrations of the Rajasthan High Court and inaugurate the Rajasthan High Court Museum.
Lakhpati Didis: Empowering Women through Microfinance
Prime Minister Narendra Modi will visit Jalgaon, Maharashtra, and Jodhpur, Rajasthan on 25th August 2023 to engage with "Lakhpati Didis." This initiative is part of the government's mission to empower women through microfinance.
Background
The Self-Help Group (SHG) movement has been instrumental in empowering marginalized women in rural India. SHGs are small, informal groups of women who pool their savings and lend to each other for income-generating activities. By 2023, there are over 4.3 lakh SHGs with 48 lakh members in India.
Lakhpati Didis Initiative
The Lakhpati Didis initiative aims to create one crore Lakhpati Didis (women with savings of over Rs. 1 lakh) by 2025. The government provides training, financial assistance, and market linkages to SHG members to help them increase their income and savings.
Key Features of the Initiative
Benefits of the Initiative
Empowering women through the Lakhpati Didis initiative offers several benefits:
FAQs
What is the eligibility criteria to become a Lakhpati Didi?
What kind of financial assistance is provided?
How many Lakhpati Didis have been created so far?
What is the government's target for 2025?
How can women join the Lakhpati Didis initiative?
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