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    Question

    Deendayal Antyodaya yojana - DAY NRLM envisages sanction of cash credit to each eligible self-help group for a period of 3 years with a yearly drawing power based on repayment performance. The drawing power for 3rd year shall be

    A Above 6 lakhs based on the micro credit plan prepared by SHG and appraised by the Support agency and previous credit history Correct Answer Incorrect Answer
    B Minimum 3 lakhs based on the micro credit plan prepared by SHG and appraised by the Support agency and previous credit history Correct Answer Incorrect Answer
    C Minimum 6 lakhs based on the micro credit plan prepared by SHG and previous credit history. Correct Answer Incorrect Answer
    D 6 times of the existing comus or minimum of Rs. llakh which ever is higher Correct Answer Incorrect Answer
    E 8 times of the corpus at the time review or enhancement or minimum of Rs. 2 lakhs whichever is higher Correct Answer Incorrect Answer

    Solution

    The DAY-NRLM is essentially a poverty relief programme of the Central government. It was launched as ‘Aajeevika – National Rural Livelihoods Mission (NRLM)’ by the GOI’s Ministry of Rural Development in the year 2011. It was renamed as DAY-NRLM in 2015.  It envisages sanction of cash credit to each eligible self-help group for a period of 3 years with a yearly drawing power based on repayment performance. The drawing power for 3rd year shall be Minimum 3 lakhs based on the micro credit plan prepared by SHG and appraised by the Support agency and previous credit history. 

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