Prime Minister Modi to Empower Women through Rs 2,500 Crore Revolving Fund
Prime Minister Narendra Modi is set to release a Rs 2,500 crore revolving fund aimed at benefiting 48 lakh members of 4.3 lakh Self-Help Groups (SHGs). This initiative will be part of an event where he will also award certificates to 11 lakh new members, referred to as “Lakhpati Didis,” in Jalgaon, Maharashtra.
The fund is designed to enhance the financial empowerment of women involved in these groups, facilitating their access to credit and resources for entrepreneurship and self-sustenance. Additionally, Modi will disburse Rs 5,000 crore in bank loans to support 25.8 lakh members across 2.35 lakh SHGs.
Lakhpati Didi Sammelan
The Prime Minister will begin his day in Jalgaon by attending the Lakhpati Didi Sammelan at around 11:15 AM. During this event, he will interact with “Lakhpati Didis” – a term used for women self-help group members who earn an annual household income of Rs 1 lakh or more.
Modi will disseminate testaments to 11 lakh ladies who have reached “Lakhpati Didi” status during the third term of the NDA government Since the inception of the Lakhpati Didi Yojana, one crore women have already been empowered, with a target to reach three crore in the next three years.
Comprehensive Financial Support from Narendra Modi
The revolving fund of Rs 2,500 crore will benefit around 48 lakh members of 4.3 lakh SHGs across the country. Additionally, the Prime Minister will disburse bank loans worth Rs 5,000 crore, which will support 25.8 lakh members of 2.35 lakh SHGs.
This comprehensive financial support is part of the government’s ongoing efforts to uplift women through self-help initiatives and promote economic independence within communities. The initiative aims to enable SHG families to achieve an annual income of Rs 1 lakh or more, contributing to the broader strategy of women’s economic and social empowerment.
Conclusion
Prime Minister Narendra Modi’s visit to Jalgaon and Jodhpur on August 25th highlights the government’s commitment to women’s empowerment through financial inclusion and entrepreneurship. The release of the Rs 2,500 crore revolving fund and the disbursement of Rs 5,000 crore in bank loans will significantly impact the lives of millions of women, enabling them to achieve financial independence and contribute to the growth of their communities.
