First Loan under Deen Dayal Antodya Yojana NULM disbursed


Port Blair, Sept 18: The first loan in Port Blair under Deen Dayal Antodya Yojana- National Urban Livelihood (DAY-NULM) was disbursed to Shri. Kaja Moideen on 18/09/2020. Shri.Kaja Moideen is a tailor running a shop near Kamaraj English Medium School, Aberdeen Bazar. He was handed the loan sanction letter for an amount of Rs. 1.8 lakhs in a small function held at PBMC by Smti. Anjali Sehrawat IAS, Secretary, PBMC and senior officials of the SBI,Shri.SatyaPriyadarshi, Regional Manager, Shri. Manoj Kumar Lakra, Chief Manager, SBI, Port Blair Branch & Shri Dimaba Sandel, SME.

Deendayal Antodya Yojana- DAY- (NULM) scheme aims at reduction of poverty and vulnerability of the urban poor households by enabling them access to self-employment resulting in improvement in their livelihood on sustainable basis.

Under SEP component of the scheme, financial assistance with interest subvention is provided to Individuals/groups and Self-Help Groups (SHGs) including street vendors/hawkers for setting up gainful self-employment ventures /micro enterprises, suited to their skills training, aptitude and local conditions. Under this scheme a loan amount of up to Rs. 2.00 Lakh for an individual and up to Rs. 5.00 Lakh for SHGs can be availed. The interest subvention under the scheme is approx. 5% Women and SHGs are entitled for further interest subvention of 3%.

Interested person are requested to contact City Mission Management Unit, Reocon Park Buidling, Dairy Farm for more information on the scheme.

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