PM Modi transfers Rs 1,000 cr in bank accounts of SHGs, benefitting 16 lakh women

Prayagraj, December 21: Aiming to empower more women, Prime Minister Narendra Modi on Tuesday, transferred close to Rs 1,000 crore in bank accounts of Self Help Groups (SHGs). These will benefit about 16 lakh women members of SHGs.

According to Prime Minister’s Office (PMO), this transfer has been 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 15,000 per SHG.

The PM also transferred money to over 1 lakh beneficiaries of Mukhya Mantri Kanya Sumangala Scheme in Prayagraj that provides assistance to girl child. He also laid the foundation stone of 202 Supplementary Nutrition Manufacturing Units. These units are being funded by the SHGs and will be constructed at the cost of approximately Rs 1 crore for a unit.

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The PM arrived in Prayagraj, UP, on Tuesday. UP CM Yogi Adityanath received the PM at the historical city. Assembly polls in Uttar Pradesh are due early next year.