Deendayal Antyodaya Yojana-NRLM Overdraft facility launched

• Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) organised a special event called “Discourse on Rural Financial Inclusion” on 18th December, 2021 through virtual mode to celebrate 75 years of the independence of the country under Azadi Ka Amrit Mahotsav.
• 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

About Deen Dayal Antyodaya Yojana

• Deen Dayal Antyodaya Yojana - National Livelihoods Mission (NRLM) was launched by the Ministry of Rural Development (MoRD), Government of India in June 2011 as a restructured version of Swarna Jayanti Gram Swarozgar Yojna (SGSY).
• The Mission aims at creating efficient and effective institutional platforms of the rural poor enabling them to increase household income through sustainable livelihood enhancements and improved access to financial services.
• In November 2015, the program was renamed Deendayal Antayodaya Yojana (DAY-NRLM).
• NRLM has set out with an agenda to cover 7 Crore rural poor households, across 600 districts, 6000 blocks, 2.5 lakh Gram Panchayats and 6 lakh villages in the country through self-managed Self Help Groups (SHGs) and federated institutions and support them for livelihoods collectives in a period of 8-10 years.
• In addition, the poor would be facilitated to achieve increased access to their rights, entitlements and public services, diversified risk and better social indicators of empowerment.
• NRLM believes in harnessing the innate capabilities of the poor and complements them with capacities (information, knowledge, skills, tools, finance and collectivization) to participate in the growing economy of the country.
• ""To reduce poverty by enabling the poor households to access gainful self-employment and skilled wage employment opportunities, resulting in appreciable improvement in their livelihoods on a sustainable basis, through building strong grassroots institutions of the poor.""

Key Features

Universal Social Mobilisation

• At least one woman member from each identified rural poor household, is to be brought under the Self Help Group (SHG) network in a time bound manner.
• Special emphasis is particularly on vulnerable communities such as manual scavengers, victims of human trafficking, Particularly Vulnerable Tribal Groups (PVTGs), Persons with Disabilities (PwDs) and bonded labour.

Participatory Identification of Poor (PIP)

• The inclusion of the target group under NRLM is determined by a well-defined, transparent and equitable process of participatory identification of poor, at the level of the community.
• All households identified as poor through the PIP process is the NRLM Target Group and is eligible for all the benefits under the programme.

Financial Inclusion

• NRLM works on both demand and supply sides of financial inclusion.
• On the demand side, it promotes financial literacy among the poor and provides catalytic capital to the SHGs and their federations.
• On the supply side, the Mission coordinates with the financial sector and encourages use of Information, Communication & Technology (ICT) based financial technologies, business correspondents and community facilitators like ‘Bank Mitras’.

Convergence

• NRLM places a high emphasis on convergence with other programmes of the MoRD and other Central Ministries.