Union Cabinet has approved the extension of timeline for implementation of Umeed for Jammu & Kashmir for another period of one year during 2018-19.
About:
Umeed is a Special programme for Jammu & Kashmir, implemented under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM).
It is Implemented by the Jammu & Kashmir State Rural Livelihoods Society.
Union cabinet has recently also decided that Funds to J&K under DAY – NRLM will be provided without linking it with poverty ratio.
Impact: This will help in covering all the vulnerable rural households in the State (estimated at two thirds of the total number of households) within a definite time frame.
It was launched in J&K in 2013 to encourage rural women to make small savings so that their Self-Help Groups (SHGs) to eventually become bankable at reduced rate of interest.
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