To bring a sharper focus on moving women to the higher economic order, the Ministry of Rural Development launched an initiative on creating Lakhpati SHG women, to enable rural SHG women to earn at least Rs.1 lakh per annum.
For the realization of this ambitious goal, the Ministry has envisioned livelihood support to 25 million rural SHG women in the next 2 years.
National Rural Livelihood Mission works on a saturation approach. As of date, 6768 blocks have been covered under the programme with mobilizing 7.7 crore women into 70 lakh SHGs.
From providing initial capitalization support to the SHGs are being credited to the tune of almost 80 thousand crore rupees annually.
Under the mission, poor women from different cross-sections of class and caste form into Self Help Groups and their federations, providing financial, economic and social development services to their members for enhancing their income and quality of life.
Over the years this money borrowed by SHGs through bank capitalization support is now being used for creating diversified livelihood opportunities.
While all these efforts are yielding positive transformation, it is realized that for ensuring sustainable livelihoods and dignified life of women SHG members, there is a need to make concerted effort for ensuring at least INR 1,00,000 income per annum for the household i.e., enabling them to become a Lakhpati.
The figure of Rs 1 lakh is both aspirational and inspirational for rural SHG women.