National Rural Economic Transformation Project

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The Union government has proposed a new rural Livelihood Scheme, the National Rural Economic Transformation Project under the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM).

National Rural Economic Transformation Project :

The project would be undertaken with loan assistance from the World Bank. The project aims to provide interventions to enhance the livelihoods promotion, access to finance and scale-up initiatives on digital finance and livelihood interventions.

Deendayal Antyodaya Yojana :

Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) aims to create efficient and effective institutional platforms for the rural poor to increase household income through sustainable livelihood enhancements and improved access to financial services.

Originally called as Aajeevika – National Rural Livelihoods Mission, the programme was renamed as Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) in 2015.

The scheme aims to help rural poor to set up self-employment ventures by ensuring easy access to credit. It is implemented across the country in all States and Union Territories (except Chandigarh and Delhi) and it is one of the world’s largest initiatives to improve the livelihood of poor.