What is the next phase for rural women entrepreneurship?
GS3Economy · S&T · Environment · Security· Employment & inclusive growth· Mains·
Why in news
The Ministry of Rural Development is appraising the Deendayal Antyodaya Yojana National Rural Livelihoods Mission (DAY NRLM) for its next financial cycle to enhance rural women entrepreneurship.
Background
DAY NRLM has mobilized over 10 crore households into Self-Help Groups (SHGs). The program focuses on Village Organisations (VOs) and Cluster-Level Federations (CLFs) to foster economic and political empowerment.
Facts for Prelims
- SchemeDAY NRLM is a program under the Ministry of Rural Development
- FactDAY NRLM has mobilized over 10 crore households into SHGs
- BodyVillage Organisations (VOs) and Cluster-Level Federations (CLFs) are key structures for political empowerment under DAY NRLM
For Mains
Q. Examine how the Deendayal Antyodaya Yojana National Rural Livelihoods Mission (DAY NRLM) contributes to the socio-economic empowerment of rural women in India.
Dimensions to cover in your answer
- Market access gap: Lack of marketing support for SHG products hinders commercial scalability
- Financial innovation: Transitioning from traditional micro-credit to equity and venture capital models
- Governance risks: Addressing the misuse of funds within the SHG and CLF structures
Keywords: socio-economic empowerment · Self-Help Groups · Cluster-Level Federations · venture capital · rural entrepreneurship
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