NULM - Agri & Rural

Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM):

• Loan Amount
  • Individual: Project Cost (PC): The Maximum unit Project Cost for an individual micro-enterprise is ₹ 2,00,000 (₹ Two Lakhs).
  • A Self-Help Group (SHG) or members of an SHG constituted under DAY-NULM Project Cost (PC): The group will be eligible for a maximum loan of Rs. 2 Lakh per member or Rs. 10 Lakh, whichever is lower.
• ROI: EBLR + 3.25% =12.15% wef 15.02.2025
• Margin
  • Individual Margin Money: No margin money should be taken for a loan up to ₹ 50,000 and for higher amount loans, preferably 5% should be taken as margin money and it should in no case be more than 10% of the project cost.
  • SHG - Loan and Margin Money: The Project Cost minus the beneficiary contribution (Margin Money) would be made available as loan amount to the group enterprise by the bank. No margin money should be taken for loan up to ₹ 50,000 and for higher amount loans, preferably 5% should be taken as margin money and it should in no case be more than 10% of the project cost.
• Repayment Period :   Repayment schedule would range between 5 to 7 Years after initial moratorium of 6-18 months as per the norms of the banks.
• Subsidy : Over and Above 7% rate of interest on Bank Loans
• Credit Guarantee :  Not Available