Assam’s Lakhpati Baideo Scheme: Key Points

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Recently, the government of Assam launched the “Lakhpati Baideo” Scheme for 40 lakh woman entrepreneurs. Here, we provide all the key details from an exam point of view.

Also You can read: Month-wise List of State Government Schemes 2024

Lakhpati Baideo Scheme – Key Points

  • The Assam government has launched the “Lakhpati Baideo” scheme to empower 40 lakh self-help group (SHG) workers and transform them into rural micro-entrepreneurs.
  • Chief Minister Himanta Biswa Sarma announced the scheme, aiming to provide ₹35,000 in financial assistance to 40 lakh women, with the goal of helping them achieve an annual income of ₹1 lakh.
  • The initiative, known as the ‘Mukhya Mantri Mahila Udyamita Abhiyan,’ is estimated to cost ₹4,000 crore.
  • In the first year, every SHG worker will receive ₹10,000, followed by ₹12,500 from the government and an additional ₹12,500 as a bank loan in the next two years (totaling ₹25,000). A submitted business plan is required for grant eligibility.
  • The scheme aligns with Prime Minister Narendra Modi’s vision of creating two crore ‘Lakhpati didis’ (affluent sisters).
  • Chief Minister Sarma emphasized that the welfare scheme is integrated with Assam’s population control measures.
  • To qualify for the scheme, beneficiaries in general and OBC categories should have no more than three children, while those in scheduled castes and tribes should not exceed four children.
  • Additionally, SHG members must enroll their girl child in school, and if underage, commit to doing so. Another condition states that trees planted under the Amrit Brikshya Andolan by beneficiaries must be thriving.
  • The scheme represents a comprehensive effort to uplift women, align with national goals, and promote sustainability through population control and environmental conservation.
  • With a strategic approach, the Assam government aims to significantly impact the lives of 40 lakh women, fostering entrepreneurship and economic independence.

Sources:

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  • This content is generated with the help of ChatGPT with the data provided by NDTV.

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