NULM also known as DAY-NULM focuses on reducing poverty in urban poor households by enhancing sustainable livelihood opportunities through skill development.
– Micro businesses or self-employment ventures are eligible for a 7% interest bank loan under the program
– SHGs are eligible for a 7% interest bank loan, with an additional 3% interest subsidy for women.
– NULM encourages the growth of infrastructure-supported vendor markets, vending zones, and informal sector marketplaces.
– The program offers financial support to State Governments and Urban Local Bodies for the establishment, management, and operation of long-term shelters for the homeless in urban areas.