Union Minister Shri Shivraj Singh Chouhan to chair High-Level Meeting with Banks and State Rural Livelihoods Missions in Mumbai
Union Minister Shri Shivraj Singh Chouhan will chair a high-level meeting on 3 September 2026 in Mumbai with banks and State Rural Livelihoods Missions to review the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM). The meeting will focus on strengthening SHG-Bank linkages, individual enterprise financing, and advancing the Financial Inclusion 2.0 vision for women-led rural enterprises.
Why It Matters
This is relevant for UPSC and state-PSC candidates as it covers major government schemes, rural development policy, and institutional mechanisms for rural livelihoods. Banking sector candidates may find value in understanding credit linkages and financial inclusion frameworks.
In Simple Words
The Ministry of Rural Development's DAY-NRLM programme has mobilised over 10 crore rural women into 93+ lakh Self Help Groups (SHGs) over the past 15 years, backed by more than Rs 13.67 lakh crore in cumulative bank credit and 3.46 crore women becoming 'Lakhpati Didis'. On 3 September 2026, Union Minister Shivraj Singh Chouhan will chair a Mumbai meeting with banks and State Rural Livelihoods Missions to plan the next phase.
Discussions will focus on doubling individual enterprise credit, speeding up loan disbursement, extending credit to SHGs in harder-to-reach areas, and strengthening cooperative banks' role — feeding into the government's 'Financial Inclusion 2.0' vision.
Key Points
- DAY-NRLM has mobilised over 10 crore rural women into 93 lakh Self Help Groups and their federations
- Cumulative credit disbursement to SHGs exceeds Rs. 13.67 lakh crore
- 3.46 crore women have emerged as Lakhpati Didis through SHG-linked enterprises
- High-level meeting scheduled for 3 September 2026 in Mumbai
- Chaired by Union Minister Shri Shivraj Singh Chouhan (Agriculture, Farmers Welfare and Rural Development)
- Focus areas: doubling individual enterprise credit, enhancing disbursement quantum, reducing loan sanction turnaround time, and strengthening cooperative credit structures
- Meeting will include RBI, Department of Financial Services, public and private sector banks, Regional Rural Banks, NABARD, and State Rural Livelihoods Missions
Exam Angle
A. 3.46 crore women.
Source: Press Information Bureau