Q. With reference to Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM), consider the following statements:
1.One of the key features of DAY-NRLM is the formation of Village Development Committees.
2.Microfinance and credit linkage for income-generating activities are the key components of DAY-NRLM.
3.The mission works on both the demand and supply sides of financial inclusion.
4.Ministry of Rural Development (MoRD) is the ministry responsible for implementing DAY-NRLM.
Which of the statements given above are correct?
Explanation –
Statement 1 is incorrect. DAY-NRLM’s key feature is the formation of Self-Help Groups (SHGs), not Village Development Committees.
Statements 2, 3 and 4 are correct. Microfinance and credit linkage for income-generating activities are critical components of DAY-NRLM. The mission provides access to financial services to rural poor households through SHGs, facilitating their engagement in various economic activities. DAY-NRLM addresses both demand and supply-side issues in financial inclusion. It aims to increase rural households’ access to financial services while improving the capacity of financial institutions to serve them effectively. The Ministry of Rural Development (MoRD) is responsible for implementing DAY-NRLM.
Source: Forum IAS
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