NULM : National Urban Livelihood Mission

DAY-NULM stands for Deen Dayal Antyodaya Yojana – National Urban Livelihood Mission. It is a scheme under the Ministry of Housing and Urban Affairs that focuses on reducing poverty and vulnerability of the urban poor households.

Launched by  the Ministry of Housing and Urban Poverty Alleviation, Government of India on September 24th, 2013, this scheme aims at universal coverage of the urban poor for skill development and credit facilities.

OBJECTIVES OF NULM

  • To reduce poverty and vulnerability of the urban poor households by enabling them to access gainful self-employment and skilled wage employment opportunities.
  • Facilitating access to suitable spaces, institutional credit, social security and skills to the urban street vendors for accessing emerging market opportunities.
  • Providing shelter equipped with essential services to the urban homeless in a phased manner.

ELIGIBILITY CRITERIA

The target group for this scheme are the following entities who wish to become entrepreneurs:

  1. Homeless individuals
  2. Street vendors
  3. Urban poor

COMPONENTS OF NULM

There are 7 important components of NULM, which are as follows:

  • Employment through Skills Training and Placement (EST&P)
  • Shelter for Urban Homeless (SUH)
  • Capacity Building and Training (CB&T)
  • Support to Urban Street Vendors (SUSV)
  • Social Mobilization & Institutional Development (SM&ID)
  • Self Employment Programme (SEP)
  • Innovative & Special Project (ISP)

BENEFITS OF NULM 

The various benefits of this scheme are listed below :

  1. SHGs belonging to the urban poor will be given bank loans at a rate of interest of 7% p.a. All SHGs belonging to women which repay loans on time will receive an additional 3% p.a. subvention of interest, making the interest rate 4% p.a.
  2. NULM also supports micro-enterprises in development and their credit enablement.
  3. Financial support to Urban Local Bodies (ULBs) and state governments to construct, operate, and manage permanent shelters for the urban homeless.
  4. The urban poor who wish to set up their own self-employment ventures or micro-enterprises can avail bank loan at 7% rate of interest. An individual can avail loans upto Rs 2 lakh while urban groups can avail loans upto Rs 10 lakh.

***For registeration, one has to visit the offices of the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM).

Accounting & Finance for Banking

Principles & Practices of Banking Module E Pdf

Free
Module E PPB ePDFs available in our android app. Get them all at https://iibf.info/app

Accounting and Finance for Banking Module A Pdf

Free
Accounting and finance for bankers all ePDFs are available in our an app. Get them all at https://iibf.info/app

Accounting and Finance for Banking Module A Pdf

Free
Accounting and finance for bankers all ePDFs are available in our an app. Get them all at https://iibf.info/app

Leave a reply

Please enter your comment!
Please enter your name here

Popular

Free Live Classes

spot_img

More from author

All about KYC/AML Exam by IIBF

All about KYC/AML Exam by IIBF The KYC/AML is a professional certification exam in Anti Money Laundering and Know your customer conducted by the Indian...

CCP- Certified Credit Professional Course by IIBF

IIBF CCP (Certified Credit Professional) exam is an All-India Exam directed by the Indian Institute of Banking and Finance (IIBF) to select competent candidates...

What is Digital Banking in Detail

Digital Banking is the automation of traditional banking services. It is defined as banking done through the digital platform, doing away with all the...

Digital Banking Course By IIBF

Digital Banking Course By IIBF Certificate course in Digital Banking is conducted by IIBF to provide practicing bankers a sound foundation in the digital banking...