Swarna Jayanthi Shahari Rozgar Yojana (SJSRY) is a centrally sponsored urban poverty alleviation programme initiated in 1997. 75% of the funds for SJSRY is provided by Government of India while the State Government contributes 25%. The Reserve bank of India has published a circular on the implementation of SJSRY as given under.
RPCD GSSD. BC. No. 55/09.16.01/ 2012 – 13
January 01, 2013
The Chairman / Managing Director
All Scheduled Commercial Banks
Implementation of Swarna Jayanti Shahari Rozgar Yojana (SJSRY)-Regarding
We have been advised by the Ministry of Housing and Urban Poverty Alleviation that instances have been reported by the implementing agencies at the States / ULBs level regarding non-cooperation of banks in sanctioning loan to urban poor beneficiaries under the self – employment component of the scheme. You are, therefore, advised to follow instructions as enumerated hereunder:
(i) Liberal financing may be done under SJSRY as it is the only Scheme which directly assists the urban poor.
(ii) Review of performance under SJSRY scheme may be included as standing agenda item in the State level Bankers™ Committee (SLBC) and District Level Bankers™ Committee (DLBC) meetings.
(iii) A monthly progress report in the prescribed proforma (enclosed) for the State may be sent to the Secretary, Urban Development of each State and to the Joint Secretary (UPA), Ministry of HUPA, UPA Division, Nirman Bhavan, New Delhi-110001.
2. Please acknowledge receipt.
Chief General Manager