Nationwide campaign for expansion of Self Help Groups (SHGs)

Nationwide campaign for expansion of Self Help Groups (SHGs)

The Ministry of Rural Development (MoRD) has announced a nationwide campaign for expansion of Self Help Groups (SHGs).

  • The Ministry of Rural Development has announced a campaign under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM) to expedite the inclusion of women who have been left out from joining SHGs.
  • It aims to expand the coverage of SHGs.
  • DAY-NRLM aims to cover around 9-10 crore rural poor families in SHGS in a phased manner. This will provide them with long term support.
  • In this way they will be able to diversify their livelihood and improve their income and quality of life.
  • As on August 31, 2022, more than 5 crore families have been linked to 78.33 lakh SHGs under DAY-NRLM.
  • SHG is an informal group of people with similar socio-economic characteristics. These people join this group to achieve common goals.

Importance of SHGs:

  • help in empowerment,
  • promote small savings habits among its members,
  • resolve conflicts through collective leadership,
  • Connect the rural poor to the formal banking structure etc.

Challenges before SHGs:

  • They lack resources, training facilities are not adequate,
  • Not all members have much knowledge about the schemes,
  • Possibility of exploitation by key members of the group
  • The attitude of financial institutions towards such groups is not cooperative etc.

Initiatives Launched:

  • Deendayal Antyodaya Yojana-National Rural Livelihood Mission (DAY-NRLM) is being run.
  • Reserve Bank of India has launched SHG Bank Linkage Programme,
  • Startup Village Entrepreneurship Program (SVEP) and Women Farmers Empowerment Project (MKSP) are also being run. Both these are sub-schemes of DAY-NRLM.

Source – The Hindu

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