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

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