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 Revolving Fund (RF) and Community Investment Support Fund (CIF).
Capital Subsidy: Discontinued under DAY-NRLM.
Interest Subvention: Introduced to support SHGs.
Role of Banks:
7.1 Savings Accounts: Banks to open savings accounts for SHGs.
7.2 Lending Norms:
7.2.1 Eligibility Criteria: SHGs must meet specified criteria to avail loans.
7.2.2 Loan Amount: Loan amounts and repayment terms specified.
7.3 Type of Facility and Repayment: Details on loan facilities and repayment terms.
7.4 Security and Margin: Security and margin requirements for loans.
7.5 Dealing with Defaulters: Procedures for dealing with defaulting SHGs.
Credit Target Planning: Banks to plan credit targets for SHGs.
Post Credit Follow-up: Banks to conduct regular follow-ups with SHGs.
Repayment: Repayment terms and procedures specified.
Deputation of Bank Officials: Bank officials to be deputed to State Rural Livelihood Missions (SRLMs).
Supervision and Monitoring:
12.1 State Level Bankers’ Committee: Committee to oversee DAY-NRLM implementation.
12.2 District Coordination Committee: Committee to coordinate DAY-NRLM activities at district level.
12.3 Block Level Bankers Committee: Committee to monitor DAY-NRLM at block level.
12.4 Reporting to Lead District Manager: Banks to report DAY-NRLM progress to Lead District Manager.
Chat with the Master Circular:
Download: Master Circular – Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)