Swarna Jayanti Gram Swarozgar Yojna to be restructured

Shri Pranab Mukherjee also announced in his speech that the Swarna Jayanti Gram Swarozgar Yojna (SGSY) is being restructured as the National Rural Livelihood Mission to make it universal in application focused in approach and time bound for poverty eradication by 2014-15. Here, also, stress will be laid on the formation of Women SHGs. Apart from providing capital subsidy at an enhanced rate, it is also proposed to provide interest subsidy to poor households for loans upto Rs. One lakh from banks.

Source : Equity Bulls

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