Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)
The DAY-NRLM aims to promote women’s Self-Help Groups (SHGs) and their federations, providing financial assistance and support.
Financial Assistance: SHGs can avail of a Revolving Fund, and a Community Investment Support Fund (CIF) to support their activities.
Role of Banks:
Banks are required to:
- Open savings accounts for SHGs, their federations, and Producer Groups (PGs)
- Provide lending norms to individual SHG members and SHGs, with eligibility criteria and loan application processes outlined
- Offer Cash Credit Limits (CCL) and Term Loans to SHGs
- Ensure loans are used for approved purposes, with repayment terms specified
Key Features:
Capital Subsidy has been discontinued under DAY-NRLM, and Interest Subvention has been introduced to support SHGs.
The Master Circular outlines the guidelines and norms for banks to support the DAY-NRLM initiative, promoting rural livelihoods and women’s empowerment.
Chat with the Master Circular:
Download: Master Circular – Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)