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 receive financial assistance, including revolving funds and community investment support funds.
Capital Subsidy: Discontinued under DAY-NRLM.
Interest Subvention: Introduced to support SHGs.
Role of Banks:
7.1 Account Opening: Banks to open savings accounts for SHGs, federations, and producer groups.
7.2 Lending Norms:
7.2.1 Eligibility Criteria: SHGs must meet certain criteria to avail loans.
7.2.2 Loan Application: SHGs to submit loan applications.
7.2.3 Loan Amount: Cash Credit Limit (CCL) and Term Loan facilities available.
7.3 Purpose of Loan and Repayment: Loans for income-generating activities, with flexible repayment terms.
The circular outlines the guidelines for banks to support DAY-NRLM, promoting rural livelihoods and women’s empowerment.
Chat with the Master Circular:
Download: Master Circular – Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)