PM To Visit Prayagraj On Tuesday For An Event In Which Two Lakh Women Will Participate

PM To Visit Prayagraj On Tuesday For An Event In Which Two Lakh Women Will Participate

PM to transfer Rs. 1000 crore to SHGs benefitting around 16 lakh women members

Prayagraj, December 20 (TNA) Prime Minister Narendra Modi will visit Prayagraj on Tuesday and participate in a one of its kind programme that will be attended by over 2 lakh women. The programme is being held as per the vision of the Prime Minister to empower women, especially at the grassroot level, by providing them with necessary skills, incentives and resources.

In this endeavour to support women, the Prime Minister will transfer an amount of Rs. 1000 crore in the bank account of Self Help Groups (SHGs), benefitting around 16 lakh women members of the SHGs. This transfer is being done under the Deendayal Antyodaya Yojana - National Rural Livelihood Mission (DAY-NRLM), with 80,000 SHGs receiving Community Investment Fund (CIF) of Rs. 1.10 lakh per SHG and 60,000 SHGs receiving Revolving Fund of Rs. 15000 per SHG.

The programme will also witness the Prime Minister encouraging Business Correspondent-Sakhis (B.C.-Sakhis), by transferring Rs. 4000 as first month's stipend in account of 20,000 B.C.-Sakhis. When B.C.-Sakhis commence their work as providers of doorstep financial services at grassroot level, they are paid a stipend of Rs. 4000 for six months, so that they get stabilized in their work and then start earning through the commission on transactions.

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