May 27, 2024

5 lakh interest free loan, central government scheme;

The Women Empowerment Through Self-Employment Scheme (WETS) is a special initiative aimed at empowering women by providing skill training and financial assistance for starting their own businesses. This scheme is implemented through self-help groups in the states.

One of the key objectives of WETS is to equip women with various skills to make them self-employed. Under this scheme, women receive training in areas such as plumbing, LED bulb manufacturing, and other related fields. This training is done with the aim of empowering women to become independent and economically self-reliant.

The WETS scheme offers training in various categories, such as operating drones and conducting maintenance tasks. By providing women with these skills, the scheme aims to empower them to access new opportunities and contribute to the growth of the economy.

In addition to skill training, the WETS scheme offers financial assistance to women entrepreneurs. Under the Lakhpati Didi Yojana, the government provides financial assistance of Rs 1 to 5 lakh to women who wish to start their own businesses. The loan is completely interest-free, making it easier for women to access funds without any additional financial burden.

To be eligible for this scheme, women must meet certain criteria. Firstly, their annual family income should be at least Rs 1 lakh. Secondly, their age should be between 18 and 50 years. These criteria are in place to ensure that only eligible women can benefit from the initiative.

By implementing WETS through self-help groups, the government ensures that women are supported by a network of like-minded individuals who can provide support and guidance throughout their entrepreneurial journey. This collaborative approach helps create a supportive ecosystem for women to pursue their entrepreneurial dreams.

In conclusion, the WETS scheme is a remarkable initiative aimed at empowering women through skill training and financial assistance. Through its focus on women-specific industries, the scheme aims to bridge the skills gap and open doors of opportunities for women entrepreneurs. By supporting women through self-help groups, the government aims to create a more inclusive and empowered society for all.

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