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.
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