1st to 10th January 2024 - DAY-NRLM & SBI: Rural Women's Finance Initiative

Question 1

What is the ‘Svyam Siddha’ program?

Answer 1

A financial product by the State Bank of India (SBI) designed to finance women-led enterprises from Self-Help Groups (SHGs) in rural India.

Question 2

What kind of financial assistance does ‘Svyam Siddha’ provide?

Answer 2

Offers loans of up to Rs. 5 Lakhs for SHG women entrepreneurs.

Question 3

Which Ministry oversees the ‘Svyam Siddha’ program?

Answer 3

The Ministry of Women and Child Development.

Question 4

What organization works with the program to facilitate loan applications and repayments?

Answer 4

Deendayal Antyodaya Yojana - National Rural Livelihood Mission (DAY-NRLM)

Question 5

What additional resource was launched alongside ‘Svyam Siddha’?

Answer 5

A training toolkit designed to support SHG women entrepreneurs seeking formal financial access.

Question 6

What does the acronym DAY-NRLM stand for?

Answer 6

Deendayal Antyodaya Yojana – National Rural Livelihood Mission

Question 7

What is the primary goal of DAY-NRLM?

Answer 7

Poverty alleviation through self-employment opportunities and skilled wage employment for poor households.

Question 8

Who administers DAY-NRLM?

Answer 8

The Indian Ministry of Rural Development.

Question 9

When was the DAY-NRLM program launched?

Answer 9

June 2011

Question 10

What is the long-term target reach of DAY-NRLM?

Answer 10

Aims to reach about 10 Crore rural poor households by 2022-23.