New Delhi: In a bid to uplift the living standards of rural youth, the Centre under the National Rural Livelihood Mission (NRLM) has set a target to provide training and employment for 16 lakh people belonging to Below Poverty Line (BPL). Under the ambitious project, a free training would be given to unemployed rural youths.

The project aims to include at least one member of every BPL family in the Self Help Groups (SHGs). Union Minister Rural Development, Vilas Rao Deshmukh opines that after the implementation of the project, poverty could be eradicated in a period of around seven to eight years. For the success of the project, he called for the support of state governments.

United Progressive Alliance (UPA) Chairman Sonia Gandhi will inaugurate the Centre’s flagship scheme at Dalit dominated Banswara district in Rajasthan on June 3. The scheme has been allocated a fund of Rs 3,000 crore.

Interacting with the media, Deshmukh said the Centre is planning to form a separate financial body for better implementation of the scheme.

The SHGs have very strong reputation in the financial sectors. Banks have already recovered 98 per cent of their loan from SHGs, therefore they can easily grant more loans to SHGs.

During the current financial year, Banks are expected to grant loans Rs 6,800 crore to the SHGs. This mission is the restructured form of Swarnjyanti Gram Swarozgar Yojana (SGSY).

Under the NRLM, rural self employment training institutions will be set up in all the rural districts except Delhi and Chandigarh. Nationalized banks and corporate sectors’ help would be taken for setting up the establishment.

Important teaching institutions at the local level will also be included in the project. The Government will provide financial assistance of Rs 1 crore to open training institutions.