National Urban Livelihood Mission
Purpose
- Generate self-employment opportunities
- Community based development of the poor
- Provide required technical, marketing and other support to the Target Group
- Financial inclusion and strengthening of their livelihood
Features
- Low margin requirement
- Low processing charges
- Attractive Interest rate strating with --.--%*
- Community Organizers & Urban Local Bodies to identify the Urban Unemployed Poor
- Target Group may also submit application directly to the ULB or through the Bank/SHG/Area Level Federation
Eligibility
- Individual Enterprise: Individual Urban Poor desiring to set up an enterprise Group Enterprise:
- SHGs formed under NULM/SJSRY or group of Urban Poor desiring to set up an enterprise jointly
- Minimum 05 members out of which min 70% must belong to Urban Poor families
- Minimum age of every member should be 18 years
- Application must be forwarded by the SHG formed under NULM/SJSRY or the Area Level Federation
Facilities
- Easy Repayment : 60 to 84 months
- Choice of Loan : Cash credit and Term loan
- Quantum of Loan : Individual : 2 Lac(Max) & Group : 10 Lacs (Max)
