- The Finance Minister has proposed to make a shift in approach from women-centric-policy making to women-led initiatives/movements
- A major boost to women SHGs is given by allowing an overdraft of Rs.5,000 for every verified woman SHG member having a Jan Dhan Bank account
- One woman in every SHG will be eligible for a loan up to Rs. 1 lakh under MUDRA Scheme
- Women SHG interest subvention program will be expanded to all districts
About SHGs:
- Self-Help Group (SHG) is a small voluntary association of poor people, preferably from the same socio-economic background with 15-20 members in a group
- The SHG promotes small savings among its members and keep with a bank and use the money in an emergency, a disaster for social reasons, economic support etc.
Question:
Q.1 What is the maximum amount that can be taken by a verified women SHG member under MUDRA scheme?a. Rs 5000
b. Rs 5 lakh
c. Rs 10,000
d. Rs 1 lakh
