The Lakhpati Didi Scheme, aiming to empower two crore women in villages, has achieved notable success by reaching 83 lakh self-help groups and benefiting 9 crore women. With a financial injection of Rs 1 lakh per household for one crore beneficiaries, this initiative is poised to significantly uplift the economic status of rural women. This empowerment not only stimulates the rural economy but also enhances credit demand for micro-financiers, particularly from women and self-help groups, potentially reducing stress on asset quality issues.
Stock Picks: Credit Access Grameen, Fusion Micro Finance, Muthoot Microfinance are some of the stocks that could see a positive impact of this scheme in the medium term.
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