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Launch of Deendayal Antyodaya Yojana-National Rural Livelihoods Mission Overdraft facility for women SHG members

  • IASbaba
  • December 27, 2021
  • 0
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Launch of Deendayal Antyodaya Yojana-National Rural Livelihoods Mission Overdraft facility for women SHG members

Part of: Prelims

  • The facility for overdraft (OD of Rs. 5,000/- to verified SHG members under DAY – NRLM having accounts under the prime Minister Jan Dhan Yojana with Banks was launched
  • This facility has been initiated in pursuance of the announcement made by the Finance Minister in her budget speech of 2019-20.  
  • Six Women SHG members from three States i.e., Rajasthan, Jharkhand and Uttar Pradesh (Two from each State) were provided with a cheque of Rs. 5,000 to mark the start of the scheme
  • It is estimated that about 5 crore women SHG members under DAY-NRLM would be benefitted from this facility eventually.      

News Source: PIB

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