The National Urban Livelihoods Mission (NULM), under the aegis of the Ministry of Housing and Urban Affairs, aims to facilitate skilled wage employment and gainful self-employment among the urban poor. It would also provide shelter that is equipped with essential services in a phased manner to the urban homeless. It will also make institutional credit, skills, social security, and suitable spaces to urban street vendors while also exposing them to the potential of emerging market opportunities.
Features & Benefits of NULM
The NULM provides both financial and non-financial benefits to the urban poor.
The financial benefits are as follows:
- For Self-Help Groups: SHGs belonging to the urban poor will be given bank loans at a rate of interest of 7% p.a. All SHGs belonging to women which repay loans on time will receive an additional 3% p.a. subvention of interest, making the interest rate 4% p.a.
- For Self-Employment: Bank loans at an interest rate of 7% p.a. will be provided to the urban poor who wish to set up their own microenterprises or entrepreneurship ventures. For individuals, bank loans of up to Rs.2 lakh can be availed for individual micro-ventures while for urban groups setting up a group micro-venture, bank loans of up to Rs.10 lakh can be availed.
- Urban Street Vendors: Provides support, credit, and skilling for urban street vendors for the development of their micro-enterprises.
The non-financial benefits are as follows:
- Urban Street Vendors: Development of vending zones, vendor markets, and informal market sectors with civic and infrastructure development such as water supply, road paving, solid waste disposal, storage spaces, and lighting.
- Shelter for Urban Homeless: Financial support to Urban Local Bodies (ULBs) and state governments to construct, operate, and manage permanent shelters for the urban homeless.
Components of NULM
There are 7 important components of NULM, which are as follows:
- Innovative and Special project (ISP)
- Self-Employment Programme (SEP)
- Support to Urban Street Vendors (SUSV)
- Capacity Building and Training (CBT)
- Social Mobilization and Institution Development (SM&ID)
- Scheme of Shelter for Urban Homeless (SUH)
- Employment through Skills Training and Placement (EST&P)
NULM Eligibility Criteria
The target group for this scheme are the following entities who wish to become entrepreneurs:
- Homeless individuals
- Street vendors
- Urban poor
NULM Registration Process
To register, visit the offices of the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM).