The Ministry of Rural Development has released Grants-in-aid of Rs. 1.50 Crore to Karnataka towards 2nd instalment of central share of funds under the `Swarnjayanti Gram Swarojgar Yojana’ (SGSY) during the year 2006-07. Funds are to be utilized by DRDAs of Kodagu and Tumkur in Karnataka.
The SGSY is a major on-going programme for the self-employment of rural poor. Its basis objective is to bring the assisted poor families (Swarozgaris) above the Poverty line by providing them income-generating assets through a mix of bank credit and governmental subsidy.
AD/MLD/JA
(Release ID :22494)