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Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Applicable to:
Self-Help Groups (SHGs) in rural areas
Individual members of SHGs in rural areas
Purpose:
To reduce poverty by building institutions for the poor, particularly women and enable these institutions to access a range of financial and livelihood services. DAY-NRLM focuses on building, nurturing and strengthening institutions, including SHGs and their Federations at village level and above.
Eligibility criteria for SHGs to avail Loans:
Vintage of minimum 6 months
Practising ‘Panchasutras’ i.e., regular meetings, savings and inter-loaning, timely repayment and up-to-date Books of Accounts
Qualify as per grading norms fixed by NABARD
Existing non-operational SHGs are also eligible for credit, if revived and continue to be active for a minimum period of three months.
Credit facilities to SHG members:
Loans up to ₹ 10 lakh to individual members of select top-performing SHGs (which are more than 2 years old and have availed at least one bank loan with timely repayment as per their lending policy)
Individuals should be running a viable economic enterprise.
Interest Subvention Scheme for Women SHGs (as amended from time to time):
| Loan Amount | Interest Rate |
|---|---|
Up to ₹ 3,00,000 |
7% |
Above ₹ 3 lakh and up to ₹ 5 lakh |
Lower of:
|
Above ₹ 5,00,000 |
Bank Lending Rate |
How to apply:
Applicant must visit Rural Local Bodies (RLBs) or Self-Help Promoting Institutions (SHPIs) to apply for Loans under the NRLM Scheme.
