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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

Master Circular - Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)

01-Apr-2025 | RBI/2025-26/02 FIDD.GSSD.CO.BC.No.01/09.01.003/2025-26

RBI has issued Master Circular - Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM), effective from 1st April 2025.

Key highlights -
1. The provisions of Master Circular on Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) are applicable to Public Sector Banks as well as Private Sector Banks (including Small Finance Banks)
2. DAY-NRLM is focused at promoting affinity based women Self-Help Groups (SHGs) and extending support to them by providing financial assistance to them.
3. For the purpose of providing financial assistance to the SHGs, Banks may provide Revolving Fund, Community Investment Support Fund (CISF) etc. to the SHGs who are eligible to claim such support.
4. The role of banks in providing above-mentioned support initiates from opening the bank accounts for all SHGs including those having members with disability and for the federations of SHGs.
5. Master Direction on Know Your Customer, 2016 shall be followed for the purpose of completing KYC verification of the SHG members.
6. Special cells may be set up by banks for the purpose of monitoring and review of the flow of credit to the SHGs, along with monitoring the implementation of the scheme and collecting data from the branches and making it available to the Head Office.

Kindly refer to the attached document for more information.

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