📰 News ⏱ 2 min

India’s Plan to Help Six Crore Women Become Financially Independent

Over 34 million women have already crossed the 100,000‑rupee annual income mark.

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Key Points

5 points

34 million women earn more than 100 000 rupees per year

Goal: 60 million women reach that income level

Self‑help groups provide skill training and collective savings

Government plans to allocate billions of rupees in loans and credit for women entrepreneurs

Encouraged activities include handicrafts, stitching, and other small enterprises

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The government aims to increase that number to 60 million women.

Women are organized into self‑help groups that offer training, savings, and access to credit.

A large fund and loan scheme will support women to start or expand businesses such as making rakhis and running stitching centers.

The initiative seeks to boost women’s confidence, self‑respect, and contribution to the nation’s development.

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6 words

crore

Ten million

lakh

One hundred thousand

self‑help groups

Collectives of women who share resources, learn skills, and save money together

loan

A sum of money given to start a business that must be repaid later, often with interest

empowerment

The process of gaining strength, confidence, and control over one’s life

entrepreneur

A person who creates and runs a new business, taking on financial risks

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