Multiple Choice Questions on Consider the following statements about Lakhpati didi initiative Lakhpati didi initiative was l........... for UPSC Civil Services Examination (General Studies) Preparation

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    Consider the following statements about Lakhpati didi initiative 

    1. Lakhpati didi initiative was launched by the government in budget 2023.

    2. The aim of the scheme is to provide skill development training and financial assistance to women in SHGs

    3. The scheme provides financial assistance upto 5 lakh.

    How many of the given statement is/are correct?

    Only One

    Incorrect Answer

    Only Two

    Correct Answer

    All Three

    Incorrect Answer

    None

    Incorrect Answer
    Explanation:

    Only statements 2&3 are correct.

    • Statement 1 is incorrect the scheme is launched by prime minister in his independence day speech.

    • Statement 2 is correct: The aim of the scheme is to provide skill development training and financial assistance to women in SHGs.

    • Statement 3 is correct:The scheme provides financial assistance upto 5 lakh.

    Features of the scheme

    • The scheme targets women in rural areas, who are members of SHGs under the National Rural Livelihood Mission (NRLM), a poverty alleviation program that organizes rural poor women into SHGs and provides them with credit, capacity building, and market linkages.

    • The scheme provides women with skill development training in various sectors, such as agriculture, animal husbandry, handicrafts, food processing, beauty and wellness, plumbing, LED bulb making, and drone operation and repair.

    • The training is conducted by various agencies, such as the National Skill Development Corporation (NSDC), the Ministry of Rural Development, and the Ministry of Skill Development and Entrepreneurship.

    • The scheme also provides women with financial assistance in the form of interest-free loans of up to five lakh rupees, which can be used to start or expand their micro-enterprises. The loans are disbursed through the SHG-bank linkage program, which enables SHGs to access formal credit from banks.

    • The scheme also provides women with mentoring and handholding support, through the involvement of community resource persons (CRPs), who are trained and experienced women entrepreneurs from the same or nearby villages.

    • The scheme also provides women with market access and exposure, by facilitating their participation in various fairs, exhibitions, and e-commerce platforms, where they can showcase and sell their products and services.

    Hence option 2nd is correct.


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