The Assam Government has recently introduced the Lakhpati Baideo Scheme to empower women by providing financial support to launch their own businesses. Under this initiative, 40 lakh members of self-help groups (SHGs) across the state will have access to a business loan of Rs 35,000, repayable over three years. This financial boost is designed to help women become self-sufficient and contribute to their family’s income.
In this article, you will find comprehensive information about the Lakhpati Baideo Scheme, including how to apply, who is eligible, the benefits, and the required documentation. Read on to learn all you need about this empowering opportunity.
About the Lakhpati Baideo Scheme 2025
Launched in 2024, the Lakhpati Baideo Scheme is aimed at assisting Assamese women who face financial challenges when starting their own businesses. The scheme offers a loan of Rs 35,000 that is directly credited to the beneficiary’s bank account, making it easier for women to kick-start their entrepreneurial journey. Interested candidates can apply for this financial assistance through the official website.
Key Highlights of the Scheme
- Scheme Name: Lakhpati Baideo Scheme
- Launched by: Assam Government
- Application Process: Online submission via the official website
- Loan Amount: Rs.35,000, repayable over three years
- Target Group: 40 lakh women entrepreneurs from SHGs
- Objective: To empower women by providing financial assistance and promoting online accessibility
- Implementation Cost: Approximately Rs.4,000 Crore
- Documents Required: Aadhar card, address proof, bank passbook, among others
Objectives and Features
The main goal of the Lakhpati Baideo Scheme is to create self-reliant women by offering them the financial means to start and sustain a business. Key features include:
- Direct Loan Transfer: The approved loan is deposited straight into the applicant’s bank account.
- Empowering Women: By providing Rs.35,000, the scheme ensures women can overcome financial hurdles and contribute to their household income.
- Business Plan Submission: Applicants can present a viable business plan to receive tailored financial support.
- Large-Scale Impact: The program targets the economic upliftment of up to 40 lakh women across Assam.
This initiative not only enhances the financial status of women from economically weaker sections but also bolsters their social standing and independence.
Benefits of the Scheme
Participating in the Lakhpati Baideo Scheme offers multiple advantages:
- Financial Independence: A loan of Rs.35,000 provides the necessary capital to start a small-scale business.
- Economic Upliftment: Helps improve the living standards of women from lower-income families.
- Empowerment: Fosters self-reliance and boosts social confidence.
- Direct Credit: Funds are transferred directly to the bank account, ensuring transparency and ease of access.
Eligibility Criteria of Lakhpati Baideo Scheme
To qualify for the Lakhpati Baideo Scheme, applicants should meet the following conditions:
- Must be a resident of Assam.
- Should be an Assamese woman with a passion for entrepreneurship.
- Must have a valid bank account.
- Applicants should possess all the necessary documents.
- Must be a member of a self-help group (SHG).
- Should not have availed any other business loan under a different scheme.
- Applicants should have no more than two children.
Required Documents for Lakhpati Baideo Scheme
Ensure that you have the following documents ready when applying:
- Aadhar Card
- Address Proof
- Email ID
- Identity Card
- Income Certificate
- Bank Passbook
- Age Certificate
- Details of the proposed Business Startup
- Mobile Number
- Passport Size Photo
- Membership Certificate of a Self-Help Group
How to Apply for the Lakhpati Baideo Scheme 2025
Follow these simple steps to submit your application online:
- Visit the Official Website: Go to the Lakhpati Baideo Scheme website at nrlm.gov.in.
- Click “Apply Here”: Locate and click the “Apply Here” button on the homepage.
- Fill in the Application Form: Complete the form with accurate personal and business details.
- Upload Documents: Attach the necessary documents as mentioned above.
- Submit Your Application: Click the submit button and save a PDF copy of your filled form for future reference.
Frequently Asked Questions (FAQs)
Q: What is the Assam Lakhpati Baideo Scheme?
The Lakhpati Baideo Scheme is an initiative launched by the Assam Government in 2024 to provide financial support to women entrepreneurs by offering a Rs 35,000 loan repayable over three years.
Q: What benefits does the scheme offer?
The scheme aims to empower women by granting them financial assistance to start their own business, thereby improving their economic condition and fostering self-reliance.
Conclusion
The Lakhpati Baideo Scheme 2025 is a promising step towards empowering women in Assam. By offering a Rs.35,000 loan through a simple online application process, the scheme not only facilitates financial independence but also paves the way for women to become successful entrepreneurs. If you meet the eligibility criteria, take advantage of this opportunity and apply today to start your business journey.
