National Rural Economic Transformation Project

  • Category
    Polity & Governance
  • Published
    28th Feb, 2019
  • The Union Cabinet approved the implementation of an externally aided project namely National Rural Economic Transformation Project (NRETP).
  • It will be implemented under the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) through loan assistance (IBRD Credit) from World Bank.

Context

  • The Union Cabinet approved the implementation of an externally aided project namely National Rural Economic Transformation Project (NRETP).
  • It will be implemented under the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) through loan assistance (IBRD Credit) from World Bank.

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  • The development objective of the NRETP for India is to establish efficient and effective institutional platforms of the rural poor to enable them to increase household income through sustainable livelihood enhancements, and improved access to financial and selected public services.
  • The additional financing will bring following changes
  • The results target and the intermediate indicators are updated to reflect the changes introduced by the AF
  • The project will co-locate areas for investment with those selected under mission Antyodaya
  • The project will update the following components-
  • Institutional and human capacity development
  • State livelihood support
  • Innovation and partnership support
  • Project implementation support; and

     Aajeevika - National Rural Livelihoods Mission (NRLM)

    • It was launched by the Ministry of Rural Development in June 2011.
    • Aided in part through investment support by the World Bank, the Mission aims at creating efficient and effective institutional platforms of the rural poor.
    • It is enabling them to increase household income through sustainable livelihood enhancements and improved access to financial services.
    • NRLM set out with an agenda to cover 7 Crore rural poor households, across 600 districts, 6000 blocks, 2.5 lakh Gram Panchayats and 6 lakh villages in the country through self-managed Self Help Groups (SHGs) and federated institutions and support them for livelihoods collectives in a period of 8-10 years.
    • In addition, the poor would be facilitated to achieve increased access to rights, entitlements and public services, diversified risk and better social indicators of empowerment.
    • In November 2015, the program was renamed Deendayal Antayodaya Yojana (DAY-NRLM).

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