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):

How to apply:

Applicant must visit Rural Local Bodies (RLBs) or Self-Help Promoting Institutions (SHPIs) to apply for loans under the NRLM Scheme.

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