Master Circular – Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)
The Master Circular outlines the guidelines for the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM), a program aimed at promoting rural livelihoods.
Key Components:
Women Self-Help Groups (SHGs) and their Federations are eligible for financial assistance, including Revolving Funds (RF) and Community Investment Support Fund (CIF).
Banking Norms:
Banks are required to open savings accounts for SHGs and their Federations, with specific transaction guidelines.
Lending norms include eligibility criteria, loan amounts, and repayment terms. Loans can be used for various purposes, including cash credit limits and term loans.
Security and Repayment:
No security or margin is required for loans up to ₹10 lakh. Defaulters will be dealt with as per bank norms.
Implementation and Monitoring:
Banks are required to set credit targets, conduct post-credit follow-up, and ensure timely repayment.
Bank officials may be deputed to support the implementation of DAY-NRLM.
The Master Circular provides a comprehensive framework for the implementation of DAY-NRLM, aiming to promote rural livelihoods and empower women through financial inclusion.
Chat with the Master Circular:
Download: Master Circular – Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)