SIDBI, Jeevika Bihar & UMED Maharashtra Partner for Prayaas Extension to Rural Livelihood Missions

Current Context: On April 16, 2024, in New Delhi, the Small Industries Development Bank of India (SIDBI) in association with Women’s World Banking (WWB) signed a Memorandum of Understanding (MoU) with Jeevika, Bihar State Rural Livelihoods Mission (SRLM) and UMED, Maharashtra-SRLM.

• This MoU aims to extend the Prayaas scheme to Self Help Group (SHG) individual women through Cluster Level Federations (CLFs).
• This partnership aims to unlock the potential of CLFs and establish a new and scalable credit distribution ecosystem.
• Moreover, the Prayaas Scheme is expected to ensure over 50 lakh women of low income group to get access to affordable credit.
• This is a significant step towards empowering women and promoting rural livelihood missions.
• The ultimate goal is to uplift the socio-economic status of women in rural areas and promote sustainable livelihoods.

Question:

Q.1 What is the main aim of the MoU signed between SIDBI, WWB, Jeevika, Bihar SRLM, and UMED, Maharashtra-SRLM?
a. To extend the Prayaas scheme to Self Help Group (SHG) individual women through Cluster Level Federations (CLFs)
b. To establish a new and scalable credit distribution ecosystem
c. Both a and b
d. None of the above