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Recently, certificates to 11 lakh new Lakhpati Didis and ₹2,500 crore Revolving Fund were released.
Lakhpati Didis
- She is a Self-Help Group (SHG) member who earns an annual household income of Rupees One Lakh or more.
- Self-help groups (SHGs) are informal groups formed to address common problems, emphasizing mutual support.
- Lakhpati Didi is an outcome of the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM), not a separate scheme.
- There are over 1 crore Lakhpati Didis at present (As of June 30, 2024).
- Interim Budget 2024-25: Enhanced target for Lakhpati Didi from 2 crore to 3 crore.
Challenges of Women led SHGs
- Lack of knowledge and guidance about finances, government schemes; poor marketing strategies; Product quality issues etc.
Measures taken to Promote SHG
- Deen Dayal Antyodaya Yojana – National Rural Livelihoods Mission
- Revolving Fund (RF) and Community Investment Fund (CIF) to SHGs
- Start-up Village Entrepreneurship Programme (SVEP), a sub-scheme under the DAY-NRLM program, supports SHGs to set-up small enterprises in the non-farm sector.
- SHG-Bank Linkage Program by NABARD for financial inclusion of SHGs.
- SARAS Collection (Government e-Marketplace): a Store Front for marketing of SHG products.
