How to apply for 5 lakh interest free loan for women | Lakhpati Didi Yojana - Gkhinditoday

How to apply for 5 lakh interest free loan for women | Lakhpati Didi Yojana

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₹5 Lakh Interest-Free Loan for Women: How to Apply [Full Guide 2025]

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Empowering women entrepreneurs across India, the government has launched an initiative offering up to ₹5 lakh interest-free loans. If you’re a woman looking to start or expand your business, this scheme can be a game-changer for you. Here’s a step-by-step guide on how to apply, who is eligible, and what benefits you can expect.

✅ What is the ₹5 Lakh Interest-Free Loan Scheme for Women?

The ₹5 lakh interest-free loan scheme is a special government initiative aimed at supporting women-led startups, small businesses, and self-employment ventures. Under this scheme, eligible women applicants can avail of a zero-interest loan of up to ₹5,00,000, repayable in easy installments.

👩‍💼 Key Features of the Scheme

  • 💸 Loan Amount: Up to ₹5,00,000
  • 🏦 Interest: 0% (Interest-Free)
  • 🕒 Repayment Period: Flexible tenure up to 5 years
  • 💁‍♀️ Eligibility: Indian women aged 18–55 years
  • 📈 Purpose: To support startups, small businesses, retail shops, or self-employment

📝 Eligibility Criteria

To apply for this interest-free loan, women must meet the following conditions:

  • Must be an Indian citizen
  • Aged between 18 to 55 years
  • Must have a valid business plan or existing business
  • Belong to economically weaker sections, SC/ST, OBC, or minority categories
  • Should not be a defaulter in any other loan scheme

📄 Required Documents

You will need the following documents for loan application:

  • Aadhaar Card
  • PAN Card
  • Residential Proof (Voter ID/Utility Bill)
  • Income Certificate
  • Business Plan or Details
  • Bank Account Passbook
  • Passport-size Photographs

🧾 How to Apply for the ₹5 Lakh Interest-Free Loan?

Step 1: Visit the Official Website

Go to the official portal of the scheme or your state’s women welfare department or banking partner site (e.g., Mudra Yojana, SIDBI, etc.).

Step 2: Register Online

Create an account using your Aadhaar and mobile number.

Step 3: Fill the Application Form

Enter personal details, business information, and upload required documents.

Step 4: Submit and Track Application

After submitting, you will receive an application ID to track your loan status.

Step 5: Verification & Approval

Your documents will be verified, and if eligible, the loan will be disbursed to your linked bank account.

💡 Benefits of the Scheme

  • Encourages women entrepreneurship
  • Promotes financial independence
  • Helps start or scale up small ventures
  • Zero burden of interest repayment
  • Government-backed support system

📌 Important Notes

  • This scheme may vary from state to state
  • Some regions offer additional benefits for rural or tribal women
  • Check your local women welfare office or bank for updates

🔗 Useful Links

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