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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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