Swarnajayanti Gram Swarojgar Yojana (SGSY)

Swarnajayanti Gram Swarojgar Yojana (SGSY), Osmanabad (BPL Group) is an initiative launched by the Government of India to provide sustainable income to poorest poor people living in rural & urban areas of the country. The scheme was launched on April 1, 1999.
The SGSY aims at providing self-employment to villagers through the establishment of self-help groups. Activity clusters are established based on the aptitude and skill of the people which are nurtured to their maximum potential. Funds are provided byNGOs, banks and financial institutions.
Since its inception, over 2.25 million Self-help groups have been established with an investment of ₹14,403 crore (US$2.1 billion), profiting over 6.697 million people.
The Swarnajayanti Gram Swarojgar Yojana (SGSY) was launched as an integrated programme for self-employment of the rural poor with effect from April 1, 1999.
The SGSY was somewhat intended to provide self-employment to millions of villagers. Poor families living below the poverty line (BPL) were organised into Self-help groups (SHG)s established with a mixture of government subsidy and credit from investment banks.[1] The main aim of these SHGs was to bring these poor families above the poverty line and concentrate on income generation through combined effort.
The SHGs created may have a varying number of members based on the terrain and physical abilities of the members. It goes through three stages of creation:
• Group formation
• Capital formation through the revolving fund and skill development and
• Taking up of economic activity for skill generation.

Projects covered under SGSY

A self-help group (SHG) is a village-based financial intermediary committee usually composed of 10–20 local women or men. A mixed ...
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