SAKSHAM Centres (Centre for Financial Literacy & Service Delivery)
- October 22, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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SAKSHAM Centres (Centre for Financial Literacy & Service Delivery)
Subject – Governance
Context – 152 SAKSHAM Centres (Centre for Financial Literacy & Service Delivery) launched in a week as part of Amrit Mahotsav
Concept –
- As part of Azadi ka Amrit Mahotsav, a total of 152 Centre for Financial Literacy & Service Delivery (SAKSHAM Centres) across 77 districts of 13 states launched under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) of the Ministry of Rural Development during 4-8th October, 2021.
- Centre for Financial Literacy & Service Delivery (CFL&SD) would act as one stop solution/single window system for basic financial needs of Self-Help Group (SHG) households in rural areas.
- The main objective of the center is to provide financial literacy & facilitate delivery of financial services (savings, credit, insurance, pensions etc.) to SHG members and rural poor.
- These Centers will be managed by SHG network, largely at the level of the Cluster Level Federations (CLFs), with the help of trained Community Resource Persons (CRPs).
- These trained CRPs are provided six days residential training at Rural Self Employment Training Institutes (RSETIs) established by the Lead Bank of the district. All of these resources persons, popularly known as Financial Literacy Community Resource person (FL CRPs) also provided a training tool kit in vernacular languages.
- Ministry of Rural Development (MoRD) has also developed a mobile & web-based application called “SAKSHAM” which will be used by the community resource person of the Centre to know the penetration of various financial services for each SHG & village, identify major gaps and accordingly provide training and deliver the required financial services. This application will also measure the impact of the programme on regular interval for mid-course correction in strategy, if any.
Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)
- It is a centrally sponsored programme, launched by the Ministry of Rural Development in June 2011.
- Objectives –
- To eliminate rural poverty through the promotion of multiple livelihoods and improved access to financial services for the rural poor households across the country.
- To reach out to all rural poor households and impact their livelihoods.
- Functioning:
- It involves working with community institutions through community professionals in the spirit of self-help which is a unique proposition of DAY-NRLM.
- It impacts the livelihoods through universal social mobilization by inter alia organising one-woman member from each rural poor household into Self Help Groups (SHGs), their training and capacity building, facilitating their micro-livelihoods plans, and enabling them to implement their livelihoods plans through accessing financial resources from their own institutions and the banks.
- Implementation:
- It is implemented in a Mission mode by special purpose vehicles (autonomous state societies) with dedicated implementation support units at the national, state, district and block levels, using professional human resources in order to provide continuous and long-term handholding support to each rural poor family.
- Support Provided:
- There were 63 lakh SHGs comprising seven crore women members in the country which had been granted Rs. 3 lakh crore in loans and the non-performing assets (NPA) amounted to only 2.3%.
- The outstanding loans were to the tune of Rs. 1 lakh crore.
- The government plans to take the scheme to 10 crore women.