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PM Modi releases 1,625 crore for women entrepreneurs

ByMalavika Murali
Aug 12, 2021 04:50 PM IST

The Prime Minister was participating in the ‘Atmanirbhar Nari Shakti se Samvad’ programme through video conferencing where he spoke to members of women’s SHGs associated with Deendayal Antyodaya Yojana-National Rural Livelihood Mission (DAY-NRLM)

Prime Minister Narendra Modi on Thursday released 1,625 crore for women entrepreneurs. He also declared that the loan limit for self-help groups (SHGs) have been raised from 10 lakh to 20 lakh.

PM Narendra Modi. (File photo)

The Prime Minister was participating in the ‘Atmanirbhar Nari Shakti se Samvad’ programme through video conferencing where he spoke to members of women’s SHGs associated with Deendayal Antyodaya Yojana-National Rural Livelihood Mission (DAY-NRLM). According to PMO, DAY-NRLM aims to mobilise rural poor households into SHGs in a phased manner and provide them long-term support to improve their incomes and quality of life.

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“To increase the scope of entrepreneurship among women, a big financial help has been released for more participation in the resolve of self-reliant India. Be it food processing enterprises, women farmer producers association, or other self-help groups, more than 1,600 crore has been sent to lakhs of such groups of women,” the Prime Minister said.

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In addition, he released 25 crore as seed money for 7,500 SHG members under the PMFME (PM Formalisation of Micro Food Processing Enterprises) scheme of the ministry of food processing industries and 4.13 crore as fund to 75 FPOs (Farmer Producer Organisations) being promoted under the mission.

“The way our sisters served the country through SHGs in Corona is unprecedented. Be it by making masks and sanitisers, delivering food to the needy, awareness work, the contribution of Sakhi groups has been incomparable in every way,” he said.

He added that India has at least 420 million Jan Dhan bank accounts, of which 55% are in the name of women.

He urged the SHGs to raise awareness about single-use plastic and work on its alternative. He also urged them to take full advantage of the government e-marketplace.

Union minister for rural development and panchayati raj Giriraj Singh; Union minister for food processing industries Pashupati Kumar Paras; ministers of state, rural development, Sadhvi Niranjan Jyoti, and Faggan Singh Kulaste; MoS, panchayati raj, Kapil Moreshwar Patil; and MoS, ministry of food processing industry, Prahlad Singh Patel, were also present on the occasion.

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