India, Sept. 2 -- The Government of India has issued a release:
The Ministry of Rural Development is implementing the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM), one of the flagship programmes of the Government of India for building community-based institutions in rural areas and linking them with sustainable livelihoods. Over the past one and a half decades, the Mission has mobilised more than 10 crore rural women into over 93 lakh Self Help Groups (SHGs) and their federations. The banking sector has been a key partner in this journey, with cumulative credit disbursement of over Rs. 13.67 lakh crore to SHGs, backed by consistently high repayment discipline.
The strong flow of institutional credit has enabled...