Government Sponsored Schemes | PAPER II – PRINCIPLES & PRACTICES OF BANKING | MODULE B: FUNCTIONS OF BANKS
Government Sponsored Schemes - Banking Notes and MCQs Government Sponsored Schemes 1. Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) Launched in 2011 by the Ministry of Rural Development, DAY-NRLM aims to alleviate rural poverty by organizing poor households into Self Help Groups (SHGs) and providing them access to financial services, skill development, and livelihood opportunities. Key Features: Universal social mobilization and promotion of SHGs Financial inclusion through access to bank credit Training and capacity building Support for livelihood activities Example: A rural woman forms a SHG with 10 members and receives a loan of ₹2,00,000 under DAY-NRLM for starting a dairy business. 2. Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) Launched in 2014, DAY-NULM focuses on the urban poor by enhancing their livelihood opportunities through skill tra...