Lakhpati Didi Scheme in Budget 2024: Announcement by FM Nirmala Sitharaman’s

NewsLakhpati Didi Scheme in Budget 2024: Announcement by FM Nirmala Sitharaman's


Finance minister Nirmala Sitharaman on Thursday introduced in her meantime range that the government has more target of ‘Lakhpati Didis’, the self-assist organization employees who earn sustainable earnings of at least one lakh rupees a year.

Announcement by Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman gives the Interim Budget 2024 in the Lok Sabha on Thursday. (PTI)(HT_PRINT) Union finance minister Nirmala Sitharaman offers the Interim Budget 2024 in the Lok Sabha on Thursday.  

Their achievement has assisted almost 1 crore women to turn out to be lakhpati didi already. Buoyed by achievement, it’s been determined to improve the goal of lakhpati didi from 2 crore to a few crore,” the minister told parliament in her price range speech. 

What is the Lakhpati Didi Scheme?

Lakhpati Didi Yojana is a crucial government scheme to financially empower women. When he launched the scheme, PM Modi stated that under the scheme, various styles of talent education may be provided to women self-assist organizations through the authorities.

Apart from that, the authorities may also provide economic assist to such women, a good way to assist them grow to be lakhpati, he emphasised. Women whose annual earnings are consistent with their family and are at least Rs 1 lakh can take advantage of this scheme.

Role of SHGs

As consistent with the Economic Survey 2022-23, up till 2021, 65 % of Indians have been living in rural areas. Roughly 47 in step with cent of the populace makes their living from agriculture. More than 75 % of girls in rural areas are employed within the agricultural industry. This shows that women need to be upskilled and given work in agriculture-related fields like meal processing.

This is where the SHGs come into play; they’re vital in supporting to convert the potential of rural women into concrete developmental consequences, inclusive of skills improvement, economic inclusion, and livelihood diversification. During the COVID-19 pandemic, the SHGs emerged in terms of change, remodeling the rural financial system through empowering women with economic independence.

Other measures to focus on ‘nari shakti’

In her final Budget deal previous to the overall elections, Sitharaman focused on Indian women’s participation in STEM fields and the team of workers, even additionally summarising the beyond initiatives for women implemented by way of the BJP government.

In STEM courses, women and women represent forty three in line with cent of enrolment – one of the maximum in the global. All those measures are pondered within the growing participation of women in staff.”


Union Finance Minister Nirmala Sitharaman offered the Interim price range on Thursday ahead of the Lok Sabha elections later this year. It became the final Budget in the 2nd term of Prime Minister Narendra Modi’s government.

The complete Budget for the monetary year 2024-25 will be unveiled in July after the formation of the new authorities following the overall elections. In a flow geared toward empowering women in rural areas, the Finance Minister announced the growth of the “Lakhpati Didi” scheme for the duration of her presentation of the Budget.

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