DAY-NRLM (Syllabus: GS Paper 2 – Govt Schemes)

Context: Deendayal Antyodaya Yojana - National Rural Livelihood Mission and SIDBI recently signed an MOU that marks a significant milestone in the journey of women-led enterprises.

Key Outcomes Expected from this Collaboration

• Enhanced capacity and ability of State Rural Livelihood Missions (SRLM) teams to promote the graduation of seasoned SHG members into micro-entrepreneurs
• The establishment of a reliable and sensitive support architecture for women-led enterprises, involving a network of field cadres, mentors, and experts
• The implementation of standardized protocols within DAY-NRLM to support women-led enterprises
• The formation of partnerships with financial institutions and a network of financiers
• The design and implementation of new financial schemes, such as credit guarantees and interest subventions
• The creation of clear, scalable models for promoting women-led enterprises which can be replicated nationwide.

Deendayal Antyodaya Yojana - National Rural Livelihood Mission

• Type: Deendayal Antyodaya Yojana - National Rural Livelihood Mission (DAY-NRLM)
• Launch Date: The Ministry of Rural Development (MoRD) introduced this centrally sponsored scheme in 2011, restructured from the Swarna Jayanti Gram Swarozgar Yojna (SGSY).
• It was later renamed as Deendayal Antyodaya Yojana (DAY-NRLM) in 2015.
• Objective: DAY-NRLM aims to establish efficient institutional platforms for rural poverty alleviation. 
• It empowers Self Help Groups (SHGs) to enhance household income, attain sustainable livelihoods, and gain better access to financial services.
• World Bank Support: The mission receives partial financial backing from the World Bank.
• Target: The mission's goal is to reach 7 crore rural poor households over 8-10 years, through self-managed SHGs and associated collectives for livelihood improvement.