OVERDRAFT FACILITY FOR WOMEN SHG MEMBERS

Dec. 27, 2021

Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) organised a special event called “Discourse on Rural Financial Inclusion” on 18th December, 2021.

About:

  • As a part of the event, 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 by Department of Rural Development.

  • 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.     

Source : PIB

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