Question
Under NRLM, a revolving fund of Rs _____ is given to
every SHG which follows Panchsutras of regular meetings, savings, internal lending, recoveries, and proper bookkeeping. Paragraph for Question 24 to 26 The Lakhpati Didi Yojana is an initiative aimed at empowering rural women by ensuring that members of Self-Help Groups (SHGs) earn an annual household income of at least ₹1 lakh. Launched by the Indian government, this program is part of a larger plan to boost women’s socio-economic status by providing them with the skills, resources, and financial support needed to engage in sustainable livelihoods. The scheme focuses on creating ___a___ "Lakhpati Didis," contributing to rural development and poverty alleviation. Additionally, training programs for community resource persons and financial support through revolving funds and loans are key components of the initiative.Solution
Financial assistance to SHGs - Revolving Fund (RF): • Amount: ₹20,000 - ₹30,000 per SHG. • Purpose: To strengthen institutional and financial management capacity and build a good credit history. • Eligibility: SHGs in existence for at least 3/6 months, following the ‘Panchasutras’ (regular meetings, savings, internal lending, recoveries, and proper bookkeeping), and not previously received RF.
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