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What is the News?
Prime Minister (PM) of India has participated in ‘Atmanirbhar Narishakti se Samvad’.
Key Highlights from the Conference:
- During the Conference, the Prime Minister interacted with women members of self help groups (SHGs) and community resource persons promoted under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission(DAY-NRLM).
- The PM also appreciated the women Self-Help Groups for their unprecedented services during the Covid-19 period. Such as SHGs contribution in making masks and sanitizers and providing food to the needy.
- Further, the PM also released funds to SHGs under PM Formalisation of Micro Food Processing Enterprises (PM FME) Scheme and for Farmer Producer Organizations (FPOs).
- Moreover, the PM also announced that now the limit for loans available to SHGs without guarantee has been doubled to Rs 20 lakh.
About Self Help Groups(SHGs):
- Self-Help Groups (SHGs) are small voluntary associations of poor people, who come together for the purpose of solving their common problems through self-help and mutual help.
- They can be defined as a self governed, peer controlled information group of people with similar socio-economic background and having a desire to collectively perform common purpose.
- Currently, there are 70 lakh self help groups across the country which is more than three times the figure during 6-7 years.
