Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)
The DAY-NRLM aims to promote sustainable livelihoods for the poor, focusing on women’s self-help groups (SHGs) and their federations.
Financial Assistance: SHGs can avail of financial assistance, including revolving funds, capital subsidies, and community investment support funds.
Role of Banks:
Banks are required to:
- Open savings/current accounts for SHGs and their federations
- Facilitate transactions in these accounts
- Lend to SHGs and their individual members, subject to eligibility criteria
- Provide credit facilities to SHG members for various purposes
- Ensure proper documentation and follow-up
Loan Details:
Loans to SHGs and their members will have:
- No collateral or margin requirements
- Flexible repayment terms
- Interest subvention available
Recovery and Monitoring:
Banks must ensure timely recovery of loans and monitor the scheme’s progress.
Financial Literacy and Data Sharing:
Banks are expected to promote financial literacy among SHG members and share data with the DAY-NRLM authorities.
Support to Banks:
The DAY-NRLM will provide support to banks, including training and capacity-building programs.
Chat with the Master Circular:
Download: Master Circular – Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)