Women Self Help Group (SHG) under DAY-NRLM is a group voluntarily formed by 10-15 women. The special SHG can be formed with 5 persons in the difficult area, remote area, or groups with disabled persons, consisting minimum of 5 persons. The other persons with disabilities, the elders, and trans-genders can only form SHG with both…
Commercial Banks are directly financing Self Help Groups (SHGs) or Financing SHGs, which are organized by NGOs etc. directly (Direct Linkage). Banks also Finance NGOs/MFIs for on-lending to SHGs organized by them (Indirect Linkage). Role of NGOs in financing SHG: Non-government organizations (NGOs) are doing a remarkable job in the area of socioeconomic, cultural, and…
The Pradhan Mantri Rozgar Yojana (PMRY) is a Central government-sponsored scheme that helps educated unemployed people start self-employment ventures through business routes and industry services. The scheme has been in operation since October 2, 1993. Features of the PMRY scheme: Eligibility Criteria: 1. 8TH CLASS PASS 2. Age group between 18-40 years as…
The Scheme of Liberation and Rehabilitation of Scavengers (SLRS) is a government program launched on March 22, 1992. The scheme aims to help people who manually remove night soil and filth transition to cleaner, more dignified work. The scheme envisages primarily people of scheduled caste communities and helps those who manually remove night soil and…
The Swarna Jayanti Shahari Rozgar Yojana (SJSRY) was launched on 01.12.1997 after subsuming the earlier three schemes for urban poverty alleviation, namely Nehru Rozgar Yojana (NRY), Urban Basic Services for the Poor (UBSP), and Prime Minister’s Integrated Urban Poverty Eradication Programme (PMIUPEP). The Swarna Jayanti Shahari Rozgar Yojana (SJSRY) was renamed the National Urban Livelihoods…
Swarnjayanti Gram Swarozgar Yojana (SGSY) was introduced by the Ministry of Rural Development to assist poor families living below the poverty line in rural areas in taking up self-employment. The scheme was renamed as National Rural Livelihood Mission in 2011. In 2016 the program was renamed “Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)”.…
The MSMED Act, 2006, was enacted to provide a policy environment for the development and promotion of the MSME sector by way of defining MSMEs, putting in place a framework for developing and enhancing competitiveness of the MSME enterprises, ensuring flow of credit to the sector and paving the way for preference in ensuring flow…
The Ministry of Micro, Small, and Medium Enterprises has launched the Performance & Credit Rating Scheme (PCR) to ascertain the strengths and weaknesses of MSMEs’ existing operations and take corrective measures to enhance the organizational strength. Under the PCR scheme, empanelled rating agencies carry out the rating of MSE. The rating makes credit available at…
Banks provide several credit facilities to customers engaged in activities related to agriculture. Many a time banks take the brunt when unforeseen disaster strikes the farmers in the form of ‘on-farm loss’ and or ‘off-farm losses. These types of losses are caused mainly due to production risk and price risk. Risk management in agriculture involves…
There are several types of agricultural credit, including Short-term credit, Medium-term credit, Long-term credit, Crop Loans, Farm development Loans, Live- stock loans, Kisan Credit cards, Agribusiness loans, agricultural real estate loans, allied agricultural loans, equipment loans, warehouse receipt loan, Forestry loans, Horticulture loan, Multipurpose Gold Loan, Solar pump set loan, etc. Short-term credit: Farmers use…