National Rural Livelhood Mission
The National Rural Livelihood Mission (NRLM) is a government initiative launched by the Ministry of Rural Development (MoRD) in India with the primary goal of promoting sustainable livelihoods for rural poor households, especially those led by women. NRLM is also referred to as Aajeevika and aims to empower rural people, enhance their economic self-sufficiency, and improve their socio-economic conditions through community-driven initiatives.
The key feature of NRLM is its focus on the collective empowerment of women through the formation of Self-Help Groups (SHGs) and their linkage with financial institutions, ensuring access to affordable credit, skills training, and market linkages.
- Overview
- Features
- Eligibility
- Facilities
- Rates & Others
Overview
- Flagship programme of the Govt. of India for poverty reduction
- Community based development of the poor
- Financial inclusion and strengthening of their livelihood
Features
- Low margin requirement
- NO processing charges
- Attractive Interest rate strating with --.--%*
- Implementation in Mission Mode
- Participatory Identification of Poor (PIP): not based on BPL list
- Development of community based institutions
- Training; Capacity Building & Skill Development
- Community Investment Fund (CIF) in addition to Revolving Fund
- Interest Subvention in place of Capital Subsidy
- Hand holding support through Federations
Eligibility
- Mutual Affinity based WSHG with min 05 members active for 06 months since formation
- Mixed gender SHGs permissible in case of Physically Challenged/transgender
- SHGs must follow Panchsutras: Regular- Meeting/Saving/Interlending/Repayment & Up to Date Recordkeeping
- Old & Inactive SHGs eligible provided they have been active for last 03 months
Facilities
- Easy Repayment : 6 to 72 months
- Choice of Loan : Cash credit and Term loan
- Quantum of Loan : 4 - 8 times * corpus of Group
Rates & Others
- Click HERE for more details about interest rates& service charges.
- For more quries please contact to your nearest branch.