Government Scheme: Loan up to Rs 5 lakh will be available without interest… Who will get it and how? Know the full details

While people have to pay high interest for loans, a scheme is run by the government which provides loans without interest. However, not everyone can take advantage of this government scheme, this scheme has been started only for women. Under this scheme, loans up to Rs 5 lakh are approved without interest. This means that if a woman is found eligible under this scheme, then she does not have to pay even a single rupee of interest on a loan of up to Rs 5 lakh.

This special scheme of the government is Lakhpati Didi Yojana. This scheme of the government has many benefits, which make it very popular. This scheme has been introduced to give economic strength to women and promote business. Lakhpati Didi Yojana of Narendra Modi Government is a skill development training program.

This scheme makes women eligible for self-employment by providing them skill training. Under the Lakhpati Didi scheme, women are given training in various sectors by professional trainers, which is conducted through self-help groups.

Interest free loan up to Rs 1-5 lakh
In this scheme of the Center launched on 15 August 2023, the government claims that since its inception, it has succeeded in making 1 crore women Lakhpati Didi. Its target was earlier fixed at 2 crores, but in view of its popularity, it was increased to 3 lakhs during the interim budget. In this initiative to strengthen women, along with skill training, women are also given big financial help from the government. Under Lakhpati Didi Yojna, women are given interest-free loans of Rs 1 to 5 lakh to start self-employment.

What are the benefits of Lakhpati Didi Yojana?
Under Lakhpati Didi Yojana, you are given training and guidance to start a business. From starting a business to reaching the market, you are helped. Under Lakhpati Didi Yojana, interest free loan is given to start a business. Provision of insurance facility has also been made at low cost. Women are encouraged to save along with earning.

How to get a loan without interest?

• Any woman between 18 and 50 years of age can take advantage of the government’s Lakhpati Didi scheme. For this, it is mandatory for the woman to be a native of the state as well as to join a self-help group.
• To get a loan to start a business, you have to submit the necessary documents and business plan to your regional self-help group office. After this, the application is reviewed and approved and then you will be contacted for the loan.
• To apply, apart from Aadhaar Card, PAN Card, Income Proof, Bank Passbook, it is mandatory for the applicant to provide a valid mobile number and passport size photographs.