Maharashtra govt wants to create 1 cr 'lakhpati didis', says CM Fadnavis; hails Ladki Bahin Yojana
Maharashtra government aims to empower women by creating one crore "lakhpati didis," self-help group members earning over Rs 1 lakh annually. The Mukhyamantri Majhi Ladki Bahin Yojana will continue, with increased aid, despite misuse. Malls will be established in 10 districts to sell products made by women's SHGs, highlighting their higher loan repayment rates and crucial role in economic development.
ANI The Maharashtra government aims to create one crore "lakhpati didis" in the state as part of its women empowerment efforts, Chief Minister Devendra Fadnavis said on Saturday."Lakhpati didi" is a term coined by the Union government for a self-help group (SHG) member who earns an annual household income of Rs 1 lakh or more. This income is calculated for at least four agricultural seasons and/or business cycles, with an average monthly income exceeding Rs 10,000.
"Last year, we created 25 lakh lakhpati didis. This year, we want to add another 25 lakh. Our target is to make one crore lakhpati didis in Maharashtra. The Mukhyamantri Majhi Ladki Bahin Yojana is part of this push. Some people tried to create confusion by claiming the scheme will be stopped. We won't shut it. Instead, we will increase aid at the right time," the CM said.The Ladki Bahin Yojana is the state government's flagship scheme under which women beneficiaries get Rs 1500 as monthly aid provided they fulfil some conditions like limits to annual household income etc."Some people have misused the scheme. For example, men uploaded photos of motorbikes on the portal to claim benefits. We are removing such names from the beneficiaries' list," Fadnavi added.
Maharashtra has the highest number of SHGs in the country, and malls will be set up in 10 districts where products made by them will be sold, the CM informed."We have increased funding and revolving funds. Women have a much higher rate of loan repayment compared to men. In many schemes, men have not even repaid 50 per cent of the loans," he said.Crediting women's support for the Mahayuti retaining power in the November 2024 assembly polls, the CM said "brothers should resolve to empower their sisters so they can protect themselves and their families"."Prime Minister Narendra Modi has transformed the status of women through schemes such as Beti Bachao Beti Padhao, Mudra (loans) and Lakhpati Didi. Sixty per cent of Mudra beneficiaries in the last 10 years have been women. Twenty-five crore families have been lifted out of poverty thanks to the prime minister's schemes. He has brought women into the mainstream economy," Fadnavis said.There was a time when India's share in global trade was 35 per cent and in the world's GDP was 30 per cent, the CM pointed out.
"Our downfall began when we stopped respecting women and got divided into castes. For India to become a developed nation again, we must take women along," he said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
10 minutes ago
- Time of India
Truemeds closes $85 million funding led by Accel and Peak XV Partners
Academy Empower your mind, elevate your skills Telehealth platform Truemeds has secured $85 million in a funding round led by Accel and Peak XV Partners , its cofounder Akshat Nayyar told the total, $65 million was primary capital while $20 million was secondary transactions through which early backers are exiting, according to Nayyar, who said existing investors WestBridge Capital and Info Edge Ventures also participated in the company will use the funds to triple its national footprint by adding fulfillment centres, expand its team and set up a technology hub in Bengaluru, he said.'We have cracked the business model and the product market fit is in place too. Even at an order level economics, we are able to deliver a very positive result. So, now we are focusing on expanding our footprint in the country,' Nayyar April 2022, Truemeds had raised $22 million in a funding round led by Westbridge Capital and participation from existing investors. In 2021, the company had raised $5 million from investors including InfoEdge Ventures, Asha Impact and Indian Angel platform has raised $135 million to date and is valued at over $400 million.'India's healthcare market is undergoing rapid transformation, yet affordability continues to be a major barrier, especially in chronic care,' Abhinav Chaturvedi, Partner at Accel, said in a prepared statement. 'Truemeds is bridging this gap with a clinically guided, technology-led platform that delivers transparency and accessibility at scale.'Truemeds, founded by Nayyar and Kunal Wani in 2019, focuses on recommending value alternative brands to patients.'By leveraging technology to deliver a seamless customer experience, they are redefining how essential medicines reach those who need them the most,' Sakshi Chopra, managing director of Peak XV, said in a Mumbai-based company has 19 fulfillment centres and plans to take it to 50 in the next 12 months, according to Nayyar. Monthly orders processed by the platform have grown by more than 100% year-on-year to close to 600,000 each closed FY25 with about Rs 510 crore in net the e-pharmacy space, it competes with companies including Tata 1mg, PharmEasy, Netmeds and a growing demand for quick commerce, Truemeds' rivals have launched rapid delivery services. However, Truemeds target consumers are people with chronic ailments who plan their medicine purchase.'There is a need for urgent care when it comes to health, which is what quick commerce will be able to solve. However, we are focusing more on the planned care part,' said Nayyar. 'Our target market is that where there is a planned need for medicines, which is more value-driven than speed-driven.'Even quick commerce platforms such as Swiggy's Instamart, Flipkart Minutes and Zepto have also started delivering medicines in minutes.
Economic Times
10 minutes ago
- Economic Times
Truemeds closes $85 million funding led by Accel and Peak XV Partners
Company Images (L-R) Akshat Nayyar and Dr Kunal Wani, cofounders, Turemeds Telehealth platform Truemeds has secured $85 million in a funding round led by Accel and Peak XV Partners, its cofounder Akshat Nayyar told the total, $65 million was primary capital while $20 million was secondary transactions through which early backers are exiting, according to Nayyar, who said existing investors WestBridge Capital and Info Edge Ventures also participated in the financing. The company will use the funds to triple its national footprint by adding fulfillment centres, expand its team and set up a technology hub in Bengaluru, he said. 'We have cracked the business model and the product market fit is in place too. Even at an order level economics, we are able to deliver a very positive result. So, now we are focusing on expanding our footprint in the country,' Nayyar April 2022, Truemeds had raised $22 million in a funding round led by Westbridge Capital and participation from existing investors. In 2021, the company had raised $5 million from investors including InfoEdge Ventures, Asha Impact and Indian Angel platform has raised $135 million to date and is valued at over $400 million.'India's healthcare market is undergoing rapid transformation, yet affordability continues to be a major barrier, especially in chronic care,' Abhinav Chaturvedi, Partner at Accel, said in a prepared statement. 'Truemeds is bridging this gap with a clinically guided, technology-led platform that delivers transparency and accessibility at scale.'Truemeds, founded by Nayyar and Kunal Wani in 2019, focuses on recommending value alternative brands to patients.'By leveraging technology to deliver a seamless customer experience, they are redefining how essential medicines reach those who need them the most,' Sakshi Chopra, managing director of Peak XV, said in a Mumbai-based company has 19 fulfillment centres and plans to take it to 50 in the next 12 months, according to Nayyar. Monthly orders processed by the platform have grown by more than 100% year-on-year to close to 600,000 each closed FY25 with about Rs 510 crore in net the e-pharmacy space, it competes with companies including Tata 1mg, PharmEasy, Netmeds and a growing demand for quick commerce, Truemeds' rivals have launched rapid delivery services. However, Truemeds target consumers are people with chronic ailments who plan their medicine purchase.'There is a need for urgent care when it comes to health, which is what quick commerce will be able to solve. However, we are focusing more on the planned care part,' said Nayyar. 'Our target market is that where there is a planned need for medicines, which is more value-driven than speed-driven.'Even quick commerce platforms such as Swiggy's Instamart, Flipkart Minutes and Zepto have also started delivering medicines in minutes. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Can Coforge's ambition to lead the IT Industry become a reality? How Mukesh Ambani's risky bet has now become Reliance's superpower Berlin to Bharuch: The Borosil journey after the China hit in Europe As RBI retains GDP forecast, 4 factors that will test the strength of Indian economy In a flat market, are REITs the sweet spot between growth and safety? These large- and mid-cap stocks may give more than 25% return in 1 year, according to analysts Buy, Sell or Hold: Avendus trims target on Titan Company; Motila Oswal maintains buy on Jindal Stainless Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 23% in 1 year
Time of India
24 minutes ago
- Time of India
Govt may amend rules to auction excise licences, wine merchants up in arms
Bengaluru: Industry stakeholders and the excise department are again at loggerheads, this time over the department's move to amend rules to facilitate auctioning of certain licences. Excise minister RB Timmapur said preparations are under way for the auction and that it is likely be completed in Sept. But industry stakeholders are sceptical. They say the number of licences that can be auctioned is significantly lower than the number listed by the department. The Federation of Wine Merchants' Associations of Karnataka says licences that the excise department considers unrenewed for about 30-35 years, and those that are pending approval, have been listed for auction. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru The federation said the list has a total 241 licences, including 136 under the CL-2 category (retail liquor shops) and 105 under CL-9 (bars). However, 463 unrenewed licences were reportedly allotted to Mysore Sales International Ltd (MSIL) in 2009 and hence cannot be auctioned now. Additionally, the federation contented that a total of 260 CL-2 and 216 CL-9 licences were validated following the allocation to MSIL till March 31. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like With temperatures hitting 95°F, this is the mini air conditioner everyone's buying in the U.S News of the Discovery Undo It maintained that only 42 licences of the 241 listed licences are pending renewal as 199 were from before 2008-09 when unrenewed licences were given to MSIL. Office-bearers of the federation met chief minister Siddaramaiah during his visit to Delhi last week and submitted an appeal against the department's decision to auction licences. Timmapur has said that he has asked officials to consider legal issues raised by the federation. "The rules may have to be amended to auction licences," he said, adding that merchants may be worried about the effect of new licence approvals on their businesses. A senior official told TOI that details of the auctioning process are yet to be decided. "The available licences will be auctioned only after legal hurdles are cleared," the official said, adding that the merchants' interpretation is inaccurate. The decision to auction licences comes in the backdrop of low liquor sales in the state compared to last year. The excise department said sales of beer fell by 20.4% between April 1 and July 30 this year, compared to the same period last year. Sales of Indian-made liquor (IML) also fell, but at 2% the decrease wasn't as dramatic. Interestingly, revenue for the period rose by 12.2% in 2025 compared to 2024. The department had increased additional excise duty on IML in May and excise duty on beer in Jan. Excise duty on beer now stands at 200% from the earlier 195%. However, the other component of paying Rs 130 per bulk litre (whichever is higher) was dropped. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
