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PM Modi transfers Rs 1,000 cr in bank accounts of SHGs, benefitting 16L women

Written by  Jasleen Kaur -- December 21st 2021 03:21 PM -- Updated: December 21st 2021 03:30 PM
PM Modi transfers Rs 1,000 cr in bank accounts of SHGs, benefitting 16L women

PM Modi transfers Rs 1,000 cr in bank accounts of SHGs, benefitting 16L women

Prayagraj (Uttar Pradesh): Prime Minister Narendra Modi here on Tuesday transferred Rs 1,000 crore to bank accounts of self-help groups (SHGs) to benefit around 16 lakh women. The amount was transferred under the Deendayal Antyodaya Yojana-National Rural Livelihood Mission (DAY-NRLM).

According to the Prime Minister's Office (PMO), 80,000 SHGs received Community Investment Fund (CIF) of Rs 1.10 lakh per SHG and 60,000 SHGs received Revolving Fund of Rs 15,000 per SHG under the Deendayal Antyodaya Yojana-National Rural Livelihood Mission. [caption id="" align="aligncenter" width="1000"]SHGs falter on loan repayment Social media[/caption] Also read | Rana Gurmit Singh Sodhi resigns from Congress, joins BJP Prime Minister Narendra Modi also also transferred money to over 1 lakh beneficiaries of the Mukhya Mantri Kanya Sumangala Scheme at Prayagraj that provides assistance to girl child. PM Modi laid the foundation stone of 202 supplementary nutrition manufacturing units. These units are being funded by the SHGs and will be constructed at the cost of approximately Rs 1 crore for one unit. These units will supply supplementary nutrition under the Integrated Child Development Scheme (ICDS) in 600 blocks of the state. [caption id="" align="aligncenter" width="512"]Self-help group: the role of NGOs in promoting SHGs and its scope. | Blogs | DoAram Social media[/caption] Also read | India's Omicron tally reaches 200; most cases in Maharashtra, Delhi Earlier, PM Modi arrived in Uttar Pradesh's Prayagraj on Tuesday. Uttar Pradesh Chief Minister Yogi Adityanath received the Prime Minister at the historical city. The Assembly polls in Uttar Pradesh are due early next year. [caption id="" align="aligncenter" width="730"]Scaling Self-Help Groups in India: Can Impact Investing Help? – Imago Global Grassroots Social media[/caption] -PTC News

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