DAY-NULM Self Employment Programme (Municipality & Urban Livelihoods)
दीनदयाल अंत्योदय योजना - शहरी स्वरोजगार कार्यक्रम (SEP)
Ministry / Dept: Ministry of Housing and Urban Affairs (MoHUA) • Agency: Urban Local Bodies (ULBs) / Municipal Corporations / Nagar Palikas
📋 Scheme Objective & Overview
Municipal scheme by Ministry of Housing & Urban Affairs providing collateral-free loans up to ₹2 Lakhs for individual youth and ₹10 Lakhs for groups with interest capped at 7% to establish urban micro-ventures.
💰 Key Financial Benefits & Subsidy Details
- ✓Interest subvention covers all interest above 7% per annum.
- ✓Only 5% promoter equity for individual loans; 95% financed by bank.
- ✓No collateral security or third-party guarantee required.
- ✓Free entrepreneurship development training (EDP) through Municipal Corporation.
🎯 Who is Eligible? (Eligibility Criteria)
- •Urban poor or unemployed individuals having domicile within municipal/urban local body limits.
- •Family income should not exceed urban poverty threshold set by State/ULB.
- •For group loans (SEP-G), group must have at least 3 members with minimum 70% urban poor members.
Age Requirement: 18 to 60 years.
Education Qualification: No minimum qualification
📑 Mandatory Documents Required Checklist
Scanned PDF / Copies🚀 Step-by-Step Application Procedure
❓ Frequently Asked Questions (DAY-NULM Self Employment Programme (Municipality & Urban Livelihoods))
What is the maximum loan limit under DAY-NULM Self Employment Programme (Municipality & Urban Livelihoods)?
Eligible applicants can avail up to Up to ₹2 Lakhs (Individual SEP-I) / Up to ₹10 Lakhs (Group SEP-G) in financial assistance from authorized partner banks.
How much capital subsidy is provided?
The scheme provides Interest Subvention above 7% per annum (Govt pays the difference directly to bank) credited directly to the loan bank account upon milestone verification.
Is collateral security or mortgage required?
100% Collateral-free; covered under CGTMSE credit guarantee.
Ready to apply for DAY-NULM Self Employment Programme (Municipality & Urban Livelihoods)?
Submit your online application through the official government portal.
Apply on Official Portal →Toll-Free Helpline: 011-23062850
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