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National Urban Livelhood Mission

The National Urban Livelihoods Mission (NULM) is an initiative launched by the Ministry of Housing and Urban Affairs (MOHUA), Government of India, aimed at addressing urban poverty and improving livelihood opportunities for the urban poor. NULM is designed to empower the marginalized urban population by providing them with skill development, financial inclusion, and employment opportunities to break the cycle of poverty and improve their quality of life.

NULM focuses particularly on urban areas, where rapid urbanization often leads to challenges like unemployment, underemployment, poor living conditions, and lack of access to essential services.

Overview

  • 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)

Rates & Others

  • Click HERE for more details about Deposit interest rates& Service charges.
  • For more quries please contact to your nearest branch.
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