DDU- NRLM

• Deen Dayal Antyodaya Yojana – National Rural Livelihood Mission (DAY-NRLM) has signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) to promote women-led enterprises among members of Self Help Groups (SHGs).
• This includes-
  • enhanced capacity and ability of State Rural Livelihood Missions (SRLM) teams to promote the graduation of seasoned SHG members into micro-entrepreneurs;
  • , establishment of a reliable and sensitive support architecture for women-led enterprises, involving a network of field cadres, mentors, and experts;
  • implementation of standardized protocols within DAY-NRLM to support women-led enterprises.

ABOUT DAY-NRLM

• DAY-NRLM is the flagship initiative to cover 7 crore rural poor households, across 600 districts, 6,000 blocks, 5 lakh gram panchayats and 6 lakh villages in the country through SHGs and federated institutions and support them for livelihoods collectives in a period of 8-10 years.
• The scheme enables one member (preferably a woman) from each rural poor household to be brought under the SHG network.
• It is under the purview of Ministry of Rural Development.
• It adopts a demand-driven approach, enabling the States to formulate their own State-specific poverty reduction action plans.

About SIDBI

• Small Industries Development Bank of India (SIDBI) is an independent financial institution aimed at aiding the growth and development of Micro, Small and Medium Enterprises (MSMEs)
• It is a statutory body set up under Ministry of Finance by an act of the Indian Parliament in