Prime Minister Modi Highlights Women’s Role in India’s Economic Growth at Jalgaon Event
Prime Minister Narendra Modi emphasized the crucial role women play in India’s journey towards becoming the world’s third-largest economy during the Lakhpati Didi Sammelan in Jalgaon, Maharashtra.
Support for Women
Modi acknowledged that a few years ago, support for women was limited. However, his government has worked to enhance property ownership rights and access to bank loans for women. He stated, “You must have heard that India is on its way to becoming the third-largest economy in the world. Women will play a significant role in this achievement.”
Women’s Contribution
Modi highlighted that women in India have always played a pivotal role in shaping the nation’s future and will continue to do so as the country strives for development. “The women of India have always contributed immensely to building the future of society and the nation. Today, as our country works tirelessly towards development, our women are once again stepping forward,” he said.
Initiatives and Announcements
During the Sammelan, PM Modi distributed certificates and felicitated 11 lakh new Lakhpati Didis. He also announced a revolving fund of Rs 2,500 crore, benefiting about 48 lakh members of 4.3 lakh self-help groups (SHGs). Additionally, he disbursed bank loans amounting to Rs 5,000 crore, benefiting 25.8 lakh members of 2.35 lakh SHGs. Since the inception of the Lakhpati Didi Yojana, one crore women have already become Lakhpati Didis, with a target of reaching three crore.
Doubts Revealed
Prime Minister Modi -: Prime Minister Modi is the leader of India. He makes important decisions for the country.
Jalgaon -: Jalgaon is a city in the state of Maharashtra, India. It is known for its banana production.
Lakhpati Didi Sammelan -: Lakhpati Didi Sammelan is a meeting or gathering where women who have earned a lakh (100,000) rupees are celebrated.
third-largest economy -: An economy is how a country makes and uses money. Being the third-largest means India is one of the top three countries in the world in terms of money and business.
property rights -: Property rights mean the legal ownership of land or buildings. It allows people to buy, sell, and use property.
bank loans -: Bank loans are money that people or businesses borrow from a bank and have to pay back later with some extra money called interest.
certificates -: Certificates are official documents that recognize someone’s achievement or status.
11 lakh -: 11 lakh means 1,100,000. In India, a lakh is a unit equal to 100,000.
revolving fund -: A revolving fund is money that is used over and over again for different projects. When the money is paid back, it can be lent out again.
self-help groups -: Self-help groups are small groups of people who come together to support each other, often to improve their financial situation.
Rs 2,500 crore -: Rs 2,500 crore means 25 billion rupees. A crore is a unit in India equal to 10 million.
Rs 5,000 crore -: Rs 5,000 crore means 50 billion rupees. It is a large amount of money used for big projects.
three crore -: Three crore means 30 million. In India, a crore is a unit equal to 10 million.
