Latest news with #DeendayalAntyodayaYojana
Hans India
15 hours ago
- Business
- Hans India
Over Rs 11 lakh crore in loans disbursed to women self-help groups by banks: Minister
New Delhi: Loans worth over Rs 11 lakh crore have been disbursed to women self-help groups (SHGs) through formal financial institutions under the Deendayal Antyodaya Yojana–National Rural Livelihoods Mission (DAY-NRLM), Union Agriculture Minister Shivraj Singh Chouhan said on Wednesday. This milestone reflects the central government's strong commitment under the leadership of Prime Minister Narendra Modi towards inclusive rural development, financial empowerment of women, and fostering self-reliance at the village level, he added. Under the Ministry of Rural Development's DAY-NRLM, rural poor women across the country are strengthening their livelihoods through robust community institutions. Through SHGs, they are being provided collateral-free loans, interest subsidies, and other financial support, enabling them to start their own businesses and increase their incomes. A repayment rate of over 98 per cent clearly demonstrates the initiative's credibility, discipline, and efficient management, said Chouhan. Appreciating the banking community's support, Chouhan said that banking partners have played a remarkable role in turning the dreams of millions of rural women into reality. The tireless efforts of 'Bank Sakhis' have facilitated SHG-bank linkage and ensured timely loan repayment. He further said that the main contribution of this banking partnership is the provision of easy loans to SHGs under the priority sector lending, along with accessible banking services for SHG members through simplified processes. The initiative also promotes Aadhaar and mobile seeding of bank accounts and enhances financial literacy. The repayment systems are being strengthened in the country. 'Bank Sakhis' are increasingly assisting with transactions, loan applications, and documentations, as well as creating awareness about insurance, pensions, and other financial schemes. Moreover, the Community Based Repayment Mechanism (CBRM) is being fortified to ensure timely loan recovery under this significant programme. The central government initiatives like DAY-NRLM and 'Lakhpati Didi' are transforming the economic status of millions of women in rural India, he mentioned.
United News of India
22-07-2025
- Business
- United News of India
LIC enters into MOU with DoRD to promote Bima Sakhi Yojana
Hyderabad, July 21 (UNI) Life Insurance Corporation of India on Monday said it has entered into a Memorandum of Understanding (MoU) with Department of Rural Development (DoRD), Ministry of Rural Development, to promote its Bima Sakhi Yojana in rural areas. The MoU was signed during the National Conclave on Financial Inclusion – 'Anubhuti' – organized by the Ministry from July 8 to 10, 2025 at Goa, the insurance company said in a release. LIC's Bima Sakhi Yojana is exclusively designed to help women get a strong foothold in the highly lucrative insurance distribution scheme. It's a performance oriented stipendiary LIC agency career only for women where all other benefits and privileges available for LIC agents are also provided. It has been designed to enable women to have long term financial independence and add more strength to industry. Under this scheme Bima Sakhi agents are provided with a facility to receive monthly stipends of Rs 7000 in first, Rs 6000 in second and Rs 5000 in the third agency year, subject to some terms and conditions. Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY – NRLM) goals has been found to be in perfect alignment with the deliverables under Bima Sakhi Yojana. UNI KNR GNK
Time of India
21-07-2025
- Business
- Time of India
LIC signs MoU with rural development ministry to promote Bima Sakhi Yojana
Life Insurance Corporation of India (LIC) on Monday said it has signed an MoU with Ministry of Rural Development to promote its Bima Sakhi Yojana in rural areas. The MoU was signed during the National Conclave on Financial Inclusion - 'Anubhuti' - organized by the ministry from July 8-10 in Goa. Explore courses from Top Institutes in Select a Course Category Digital Marketing MBA Data Analytics PGDM Data Science Others Design Thinking others Product Management healthcare Artificial Intelligence Management Public Policy Healthcare Degree MCA Cybersecurity Project Management Leadership Finance Technology Data Science CXO Operations Management Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details LIC's Bima Sakhi Yojana is exclusively designed to help women get a strong foothold in the highly lucrative insurance distribution scheme, the insurer said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More Undo It's a performance-oriented stipendiary LIC agency career only for women where all other benefits and privileges available for LIC agent is also provided, LIC said adding it has been designed to enable women have long-term financial independence and add more strength to industry. Under this scheme, Bima Sakhi agents are provided with facility to receive monthly stipends of Rs 7,000 in first, Rs 6,000 in second and Rs 5,000 in the third agency year, subject to some terms and conditions. Live Events Deendayal Antyodaya Yojana - National Rural Livelihood Mission (DAY - NRLM) goals have been found to be in perfect alignment with the deliverables under Bima Sakhi Yojana, it said. The MoU will benefit rural households in their pursuit of improving their household income, it added.
News18
21-07-2025
- Business
- News18
LIC signs MoU with rural development ministry to promote Bima Sakhi Yojana
New Delhi, Jul 21 (PTI) Life Insurance Corporation of India (LIC) on Monday said it has signed an MoU with Ministry of Rural Development to promote its Bima Sakhi Yojana in rural areas. The MoU was signed during the National Conclave on Financial Inclusion – 'Anubhuti' – organized by the ministry from July 8-10 in Goa. LIC's Bima Sakhi Yojana is exclusively designed to help women get a strong foothold in the highly lucrative insurance distribution scheme, the insurer said in a statement. It's a performance-oriented stipendiary LIC agency career only for women where all other benefits and privileges available for LIC agent is also provided, LIC said adding it has been designed to enable women have long-term financial independence and add more strength to industry. Under this scheme, Bima Sakhi agents are provided with facility to receive monthly stipends of Rs 7,000 in first, Rs 6,000 in second and Rs 5,000 in the third agency year, subject to some terms and conditions. Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY – NRLM) goals have been found to be in perfect alignment with the deliverables under Bima Sakhi Yojana, it said. The MoU will benefit rural households in their pursuit of improving their household income, it added. PTI DP DP ANU ANU view comments First Published: July 21, 2025, 20:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
24-04-2025
- Business
- Business Standard
PM Modi flags off 4 trains, launches projects worth Rs 13,500 cr for Bihar
Prime Minsiter Narendra Modi on Thursday launched and inaugurated projects worth around Rs 13,500 crore here and flagged off four new trains. The four new trains are Amrit Bharat express between Saharsa and Mumbai, Namo Bharat Rapid rail between Jaynagar and Patna and trains between Pipra and Saharsa and Saharsa and Samastipur. At an event to mark National Panchayati Raj Day here, he also inaugurated the Supaul Pipra rail line, Hasanpur Bithan Rail line and two-lane rail over bridges at Chapra and Bagaha. He also dedicated to the nation the Khagaria-Alauli Rail line. The prime minister laid the foundation stone of an LPG bottling plant with rail unloading facility at Hathua in Gopalganj District of Bihar worth around Rs 340 crore, which will help in streamlining the supply chain and improving efficiency of bulk LPG transportation. He also laid foundation stone for projects worth over Rs 1,170 crore and inaugurated multiple projects worth over Rs 5,030 crore in the power sector in Bihar under the revamped distribution sector scheme. The prime minister will distribute benefits of around Rs 930 crore under community investment fund to over 2 lakh SHGs from Bihar under Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY- NRLM). He also handed over sanction letters to 15 lakh new beneficiaries of PMAY-Gramin and released instalments to 10 lakh PMAY-G beneficiaries from across the country. He will hand over keys to some beneficiaries marking the Grih Pravesh of 1 lakh PMAY-G and 54,000 PMAY-U houses in Bihar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
