Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
States cutting across party lines—Tamil Nadu, Karnataka, Maharashtra, Madhya Pradesh and Tripura—have written to the Centre warning that the absence of fresh funds for urban livelihood missions will disrupt bank linkages and institutional credit access for over one crore women who have benefited from the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) over the past decade. Tamil Nadu has demanded Rs 350 crore, Maharashtra Rs 81 crore, Madhya Pradesh Rs 101 crore and Tripura Rs 6.5 crore, citing exhausted funds and the need to sustain self-help groups that provide social protection to urban poor women. The Centre’s delay in launching NULM 2.0 has left states in a financial lurch, with DAY-NULM ending in October 2024 and its pilot successor, DJAY-S, discontinued by December 2025, leaving no clear roadmap for continuity.
This issue is highly relevant for Banking, SSC and RBI Grade B exams as it tests candidates’ understanding of governance, welfare schemes and fiscal federalism. Questions may arise on DAY-NULM’s objectives, its impact on women’s financial inclusion, or the Centre-state fund-sharing dynamics under such missions. For RBI Grade B aspirants, the disruption in bank linkages and credit access highlights the mission’s role in promoting institutional finance for SHGs, a key theme in financial inclusion policies. SSC candidates may encounter questions on the socio-economic empowerment of women through self-help groups or the Centre’s delayed policy rollout, testing their awareness of current governance challenges.
Source: The Indian Express
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