Policy

70 Lakh women SHGs mobilise 7.63 crore rural households: Centre

As on June 30, 2021, a total of Rs.14,071.02 crore of Community Investment Support Funds have been provided to SHGs and their federations
70 Lakh women SHGs mobilise 7.63 crore rural households: Centre
70 Lakh women SHGs mobilise 7.63 crore rural households: Centre (Representational Image: Shutterstock)

Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM), one of the flagship programmes of the Government of India, has a provision for providing Community Investment Support Fund (CISF) to the self-help groups (SHGs) in the form of Revolving Fund (RF) at the rate of Rs.10,000-15,000 and Community Investment Fund (CIF) to the extent of Rs.250,000 per SHG. Till  June 30, 2021, 7.63 crore rural households have been mobilised into 69.92 lakh women self-help groups (SHGs) under the mission. As on June 30, 2021, a total of Rs.14,071.02 crore of Community Investment Support Funds have been provided to SHGs and their federations. These funds remain with the SHGs and their federations in perpetuity and are utilised to provide loans to their members to undertake socio-economic activities as per micro-credit/investment plans and also to use it as leverage for credit from the bank, Union Minister of State for Rural Development, Sadhvi Niranjan Jyoti said in a written reply in Rajya Sabha recently. 

Till  June 30, 2021, 7.63 crore rural households have been mobilised into 69.92 lakh women self-help groups (SHGs) under the mission.

DAY-NRLM has adopted an online fund disbursement module to track the disbursal of Community Investment Support Funds to SHGs and their federations. As the funds have been provided to the community institutions, the monitoring of disbursal, utilisation and repayment of community funds is done by the community institutions themselves. For this purpose, the community institutions are trained on community fund management and accounting system by the concerned State Rural Livelihoods Missions (SRLMs) and they maintain books of accounts for their financial transactions, the minister added. 

Read more: 1.5 lakh Gram Panchayats make digital payments worth Rs.48,299 Cr in 2020-21

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