MoU to set up effective governance systems under DAY-NRLM

Tags: National National News

Ministry of Rural Development (MoRD) has signed a memorandum of understanding (MoU) with Gurugram-based Veddis Foundation to support setting up of effective governance systems under the Deendayal Antyodaya Yojana - National Rural Livelihood Mission (DAY-NRLM) on 10 November, 2022.

Important facts

• The partnership with MoRD and Veddis Foundation is for three years and is a non-financial partnership.

• The MoU was signed by Joint Secretary, Rural Livelihoods, Nita Kejrewal from  MoRD and Murugan Vasudevan, CEO, Veddis Foundation in a meeting chaired by Secretary, Rural Development, Nagendra Nath Sinha.

• As per the MoU, Vedis Foundation will set up a PMU in the Rural Livelihoods (RL) Division of the Ministry of Rural Development for the next five years.

• The MoU will also strengthen the state's capabilities, establish innovative models and implement a national strategy for convergence of Panchayati Raj Institutions (PRIs) and SHGs.

• One of the initial focuses as part of the MoU is an annual report on the status of SRLMs in which the various SRLMs are expected to be evaluated on the basis of 'Governance Index'.

About Veddis Foundation

• Vedis Foundation has set up Project Management Units-PMUs in the State Rural Livelihood Missions (SRLMs) of Haryana, Himachal Pradesh and Manipur.

• It will work on a 360-degree approach for effective implementation of the top level priorities of the government in Rajasthan in future.

Deendayal Antyodaya Yojana - National Rural Livelihood Mission (DAY-NRLM)

• It was launched by the Ministry of Rural Development in June 2011.

• It aims to reduce rural poverty by increasing livelihood opportunities through skill development and better access to financial services for rural poor households in the country.

• With an annual budget outlay of over Rs 13,000 crore, the program covers 7.15 lakh villages in 723 districts, and covers over 8.6 crore rural households.