Hike in Collateral Free Loans to SHGs

The Reserve Bank of India notified the enhancement of collateral free loans to self-help groups (SHGs) from Rs 10 lakh to Rs 20 lakh under Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM).

  • This would help in financial empowerment of SHGs which would strengthen their functioning.