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PM Modi to transfer Rs 1,000 crore in the accounts of 1.60 lakh SHGs of UP on December 21

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PM Modi

Giving more financial independence to women of Uttar Pradesh, Prime Minister Narendra Modi will be transferring Rs 1,000 crore in the bank accounts of 1.60 lakh Self Help Groups benefiting as many as 16 lakh women members on December 21 at Prayagraj.

The PM will also lay the foundation stone for 202 Supplementary Nutrition Manufacturing Units, and transfer a total of Rs 20.20 crores to about 1,01,000 beneficiaries under the Mukhya Mantri Kanya Sumangala Scheme.

A total of 80,000 SHGs will be receiving Community Investment Fund (CIF) at a rate of Rs 1.10 lakh per SHG i.e. (Rs 880 crore) and 60,000 SHGs will receive Revolving Fund at the rate of Rs 15,000 per SHG, i.e. (Rs 120 crore).

PM will also lay the foundation stone of 202 Supplementary Nutrition Manufacturing Units, each costing approximately Rs 1 crore (including the civil works). These units are being funded by the Self Help Groups and will directly employ 4,000 SHG members and benefit 60,600 SHGs by paying against their equity contribution. These units will supply Supplementary Nutrition under the Integrated Child Development Scheme (ICDS) in 600 blocks out of 826 blocks in UP, providing the annual business opportunity of Rs 5,000 crores.

The State is running two pilot projects established with the help of the World Food Programme. The SHG members running the plants are being paid Rs 8,000 per month.

Meanwhile, an amount of Rs 20.20 crores will be transferred by the PM to as many as 1,01,000 beneficiaries under the Mukhya Mantri Kanya Sumangala Scheme. This Scheme envisages conditional cash transfer to a girl child at different stages. The total transfer is Rs 15,000 per beneficiary —- at birth (Rs 2,000); completing one year (Rs 1,000); on admission in class 1 (Rs 2000); on admission in class 6 (Rs 2,000), on admission in class 9 (Rs 3,000); on admission in any degree/diploma course after passing class 10 and 12 (Rs 5,000).

So far, the benefit has been extended to 9.92 lakh beneficiaries and after PM Modi’s transfer of benefit to 1.01 lakh more beneficiaries, the total number will reach 10.93 lakh. Kanya Sumangala Scheme also helps in improving the sex ratio and promoting girl child education.

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