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DAY-NRLM Revolving Fund for SHGs

Ministry of Rural Development

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Why it matters

A one-time seed fund of Rs 10,000–15,000 straight into your Self-Help Group's account to build its internal lending corpus — your group's first step to financial independence.

Launched

1 Jun 2011

Valid until

Ongoing

Benefit type

Subsidy

Created by

Government of India

Farmers benefited

80 L

What you get

A one-time Revolving Fund of Rs 10,000 to Rs 15,000 per eligible Self-Help Group as corpus to strengthen its internal lending and meet members' credit needs.

Eligibility criteria

  • SHG in existence and functioning for at least 3–6 months
  • Practising Panchasutra (regular meetings, savings, inter-loaning, timely repayment, updated books)
  • Registered under DAY-NRLM / mobilised by SRLM
  • Not previously received the Revolving Fund

How to apply

  1. 1

    Get your SHG graded by the SRLM / bank on the Panchasutra norms

  2. 2

    Submit the Revolving Fund request through your Village Organisation / SRLM

  3. 3

    On approval the fund is credited to the SHG bank account

  4. 4

    Use it as corpus for internal lending to members

Documents required

  • SHG formation / mobilisation proof
  • SHG bank account passbook
  • Meeting & savings records
  • Grading report

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