Never miss a story

Get subscribed to our newsletter


×
Photo by Shruti Parthasarathy on Unsplash

National Rural Livelihood Mission is the program that strives to eradicate poverty through building internal institutional of the economically backward people, particularly women.

By Tharini Ilanchezhian

The Reserve Bank of India, RBI, has notified that the collateral-free loans to the self-help groups have been enhanced to 20 lakh from 10 lakh which was fixed previously. This has been announced under the Deendayal Antyodaya Yojana – National Rural Livelihood Mission.


The National Rural Livelihood Mission is the program that strives to eradicate poverty through building internal institutional of the economically backward people, particularly women, and enables the institutions to avail a range of financial services and livelihood. The approach adapted by the NRLM is demand-driven. It paves way for the state to formulate its own poverty eradication plans.

The RBI stated in a circular that the loans that are provided to the Self-help groups without being charged for collateral are up to Rs 20 lakh. There should be no Lien marked one the Savings Bank (SB) account of the SHG's. It also said that during sanctioning, no deposit should be insisted upon.

In the case of loans from the amount of Rs 20 lakh up to the amount of Rs 20 lakh, collateral cannot be charged and no Lien should be marked against the savings bank account of the SHG's. However, the whole loan, irrespective of the outstanding loan, even in the case of it going below 10 lakh, makes it eligible for coverage under the CGFMU, Credit Guarantee Funds for Micro Units.

The NRLM, National Rural Livelihoods Mission was launched in the year 2011, by the Union Ministry of Rural Development. Four years later, the plan was renamed as Deendayal Antyodaya Yojana. The initiative of this plan sets out with the mission of 7 crore rural households, covering 600 districts, 6000 blocks, 2.5 lakh Gram Panchayats and 6 lakh villages in the country with the aid of Self-help groups that are institutions that work in supporting the livelihood of the collectives for a period of 8-10 years.


keywords: RBI, Deendayal Antyodaya Yojan, National Rural Livelihood Mission


Popular

Wikimedia Commons

Amitabh Bachchan, during his speech to the crowd of over 80,000 people at the Reliance Industries' annual event, said that the legacy left by Dhirubhai has had a positive impact on millions of people's lives worldwide.

Amitabh Bachchan is adored by the public for his unforgettable on-screen performances as well as his magnetic demeanour. Not only do fans love Amitabh Bachchan's outstanding performance, but the actor's heartwarming words are also highly regarded. A much moved Amitabh Bachchan, during his speech to the crowd of over 80,000 people at the Reliance Industries' annual event, said that the legacy left by Dhirubhai has had a positive impact on millions of people's lives worldwide.

When Bollywood superstar Amitabh Bachchan became bankrupt in the late 1990s, Dhirubhai Ambani stepped forward to give him financial assistance. In his speech, Bachchan remembered that Dhirubhai had sent Anil Ambani to offer him financial assistance during the crisis, which he had respectfully declined. Lenders began knocking on his door, losses mounted, and his bank account dwindled to nothing. He said, "Dhirubhai's money might have gotten me out of the problem quickly. However, I respectfully declined his offer and gradually began to find work again, which let me pay off my debt."

Keep Reading Show less
Photo by Xavier Mouton Photographie on Unsplash

Irrespective of the age of your child, it is vital for parents to offer that extra support and assistance following an unsettling event.

In comparison to adults, children are prone to getting traumatized by troubling events easily, and this makes it important for parents to help their children when the times are tough. It could be a brutal accident, an unprecedented pandemic, a violent crime, or other disasters but with the right parental support, children have a higher chance of coming out stronger from an awful situation.

Anuja Kapur, Psychologist shares few tips wherein you can assist your child when tough times comes calling:

Every child responds differently to disturbing events:
What children feel about a current disaster in their life and how they react to it can come and go in waves. Children can act moody and withdrawn at times, struck with sorrow and fear at other times. There's no absolute "right" or "wrong" way to feel after a traumatic event so make sure not to dictate what your child or how your child should feel and react to the event.

a boy crying tears for his loss Children can act moody and withdrawn at times, struck with sorrow and fear at other times. | Photo by Kat J on Unsplash

Keep Reading Show less
Photo by Andreas Haslinger on Unsplash

European consumers will be able to use a single charger for all their portable electronics - an important step to increase convenience and reduce waste.

The European Commission, the executive arm of the European Union (EU), has announced plans for smartphone and other electronics manufacturers to fit a common USB-C charging port on their devices in an effort to reduce waste. In addition to phones, the rules will apply to other devices like tablets, headphones, portable speakers, videogame consoles, and cameras, reports The Verge. The decision will have a huge impact on Apple, as the company still uses its own Lightning connector to charge iPhones. The proposals only cover devices using wired, not wireless and a USB-C port is only mandatory for devices that charge using a cable.

Different charging cables "Chargers power all our most essential electronic devices | Photo by Solen Feyissa on Unsplash

Keep reading... Show less