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.
The target group for this scheme are the following entities who wish to become entrepreneurs:
- Homeless individuals
- Street vendors
- 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 :
- 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.
- NULM also supports micro-enterprises in development and their credit enablement.
- Financial support to Urban Local Bodies (ULBs) and state governments to construct, operate, and manage permanent shelters for the urban homeless.
- 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).