Read the below paragraph carefully answer the question:

Case study - II

Poverty has many faces, which have been changing from place to place and across time and has been described in many ways. In pre-independent India, Dadabhai Naoroji was first to discuss the concept of poverty line. In post-independent India, there have been several attempts to work out a mechanism to identify the number of poor in the country. The official data on poverty is made to the public by the planning commission. It is estimated on the basis of consumption expenditure data collected by the National Sample Survey organisation. Most poverty alleviation programmes implemented are based on the perspective of the five year plans. The government has a variety of programmes to generate wage employment for the poor unskilled people living in rural area.

Which of the following programme provides partial financial assistance to SHGs for self-employment activities ?

Swarnjayanti Gram Swarozgar Yojana

The correct answer is option (1) : Swaranjayanti Gram Swarozgar Yojana

Explanation :

Earlier, under self-employment programmes, financial assistance was given to families or individuals. Since the 1990s, this approach has been changed. Now those who wish to benefit from these programmes are encouraged to form self-help groups. Initially they are encouraged to save some money and lend among themselves as small loans. Later, through banks, the government provides partial financial assistance to SHGs which then decide whom the loan is to be given to for selfemployment activities. Swarnajayanti Gram Swarozgar Yojana (SGSY) is one such programme. This has now been restructured as National Rural Livelihoods Mission (NRLM). A similar programme called National Urban Livelihoods Mission has also been in place for urban poor.