Lakhpati Didi Initiative: In News
The Union Minister for Rural Development and Agriculture & Farmers’ Welfare directed officials to formulate a special, focused strategy and work on a war footing to achieve the revised target of creating 6 crore ‘Lakhpati Didis’.
- A Lakhpati Didi is a Self-Help Group member who earns an annual household income of Rupees One Lakh (Rs. 1,00,000) or more.
- This income is calculated for at least four agricultural seasons and/or business cycles, with an average monthly income exceeding Rs. 10,000 so that it is sustainable.
- It focuses on the individual SHG women and not on the Self-Help Group (SHG).
- This initiative facilitates diversified livelihood activities, by ensuring convergence across all Government departments/ Ministries, Private sector and Market players.
- Objective is to encourage women to start micro-enterprises within their villages.
- The initiative has been initiated by DAY-NRLM, wherein each SHG household is encouraged to take up multiple livelihood activities coupled with value chain interventions.
- Lakhpati Didi Strategy:
- Deepen, Strengthen and Expand Livelihood options: The households will be facilitated and enabled to take up diversified income-generating activities.
- Capacity Building: A Cascade Training Strategy is adopted to enable training and handholding of Potential Lakhpati Didis (SHG members) from across all States and Union Territories in India.
- Financial Assistance: DAY-NRLM serves as a catalyst, facilitating financial assistance and providing a platform for these women to thrive.
- Nodal Ministry: Ministry of Rural Development
- Revised Target: 6 crore Lakhpati Didis by March 2029.
