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

News-CRUX-10     10th November 2023        

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.
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