DAY-NRLM - Interest Subvention on SHG Bank Loans (7% Subsidized Credit)
Interest subvention on bank loans up to ₹3 Lakh bringing the effective borrowing rate down to 7% (4% on prompt repayment).
Quick Eligibility Snapshot
₹Benefits & Entitlement Breakdown
📊Budget Allocation & Beneficiary Reach
Over 85 Lakh women Self Help Groups covering 9.5 Crore households
As of: 2026-01-20PIB / Official Citation ↗Verified Eligibility Criteria
Women Self Help Group registered under DAY-NRLM adhering to Panchasutra norms.
Required Documents Checklist
Verify readiness before applying for DAY-NRLM - Interest Subvention on SHG Bank Loans (7% Subsidized Credit). Check off your papers or print this list before visiting your local CSC / Cyber Cafe.
Mandatory Documents(3)
Check off as readyKeep self-attested photocopies and clear digital scans (100 KB – 200 KB, PDF/JPG format) ready to avoid portal upload timeouts.
Worried About Application Rejection for DAY-NRLM - Interest Subvention on SHG Bank Loans (7% Subsidized Credit)?
Over 30% of applications on official portals get delayed or rejected due to minor certificate authority mismatches or unseeded bank accounts. Our civic research desk compiles a verified 1-page Scheme Blueprint tailored to your state and profile.
- ✓Valid issuing authority rules (Tehsildar/SDM)
- ✓Aadhaar-DBT bank seeding verification
- ✓Direct official portal guide (no middlemen)
- ✓Email delivery in 1–2 hrs during desk hours
🔒 Secure Razorpay Checkout • 100% Independent
Application Effort & Process Friction
Readiness assessment derived from official prerequisites, mandatory documentation, and submission channels.
Effort scores reflect portal accessibility, mandatory document burden, and physical verification requirements.
How to Apply
- 1
SHG opens bank savings account and follows Panchasutra principles (regular meetings, savings, inter-loaning, timely repayment, book-keeping).
- 2
Apply for SHG Bank Linkage loan at commercial bank or RRB.
- 3
Bank automatically applies interest subvention directly to the SHG loan ledger.
✅Before You Begin — Pre-Application Checklist
⚠️Common Rejection Reasons — Avoid These
Irregular group repayment, NPA loan status, or non-compliance with Panchasutra.
Official Government Application Portal
You will be redirected to the secure official portal: nrlm.gov.in
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Get Scheme Blueprint (₹49)→Frequently Asked Questions (Officially Sourced)
Verified answers sourced directly from official circulars, gazettes, and portal FAQs. Never AI-invented.
What are the 250 Category-I districts under interest subvention?
In 250 intensive Category-I districts, prompt-repaying SHGs receive direct credit reducing interest to 4%.
Source: Official Scheme FAQ ↗Who is eligible to apply for DAY-NRLM - Interest Subvention on SHG Bank Loans (7% Subsidized Credit)?
Eligible applicants must satisfy official government criteria for DAY-NRLM - Interest Subvention on SHG Bank Loans (7% Subsidized Credit). Age: min 18 max 65 years. Annual family income ceiling: ₹2,50,000. Applicable gender: female. Conditions: Women Self Help Group registered under DAY-NRLM adhering to Panchasutra norms..
Source: Official Scheme FAQ ↗What are the key benefits provided under DAY-NRLM - Interest Subvention on SHG Bank Loans (7% Subsidized Credit)?
Under official guidelines for DAY-NRLM - Interest Subvention on SHG Bank Loans (7% Subsidized Credit), beneficiaries are entitled to: Provides interest subvention on bank credit up to ₹3 Lakh availed by women SHGs, subsidizing the difference between bank lending rate and 7% per annum. An additional 3% subvention is granted on prompt repayment, reducing the effective interest rate to just 4% per annum.
Source: Official Scheme FAQ ↗How do I apply for DAY-NRLM - Interest Subvention on SHG Bank Loans (7% Subsidized Credit)? What is the official process?
To apply for DAY-NRLM - Interest Subvention on SHG Bank Loans (7% Subsidized Credit), applicants should follow the official procedure: 1. SHG opens bank savings account and follows Panchasutra principles (regular meetings, savings, inter-loaning, timely repayment, book-keeping). 2. Apply for SHG Bank Linkage loan at commercial bank or RRB. 3. Bank automatically applies interest subvention directly to the SHG loan ledger.
Source: Official Scheme FAQ ↗Can I track my DAY-NRLM - Interest Subvention on SHG Bank Loans (7% Subsidized Credit) application status?
Application status for DAY-NRLM - Interest Subvention on SHG Bank Loans (7% Subsidized Credit) can typically be tracked through the official portal at nrlm.gov.in using your Aadhaar number, application reference number, or registered mobile number. Alternatively, contact the scheme helpline or visit your nearest Common Service Centre (CSC).
What should I do if my DAY-NRLM - Interest Subvention on SHG Bank Loans (7% Subsidized Credit) payment is delayed or rejected?
First, verify your Aadhaar-bank account seeding status on the NPCI mapper (npci.org.in). If seeding is confirmed and payment is still pending, register a complaint on the Central Public Grievance Redressal System at pgportal.gov.in. You may also file an RTI application at rtionline.gov.in to obtain official rejection reasons within 30 days.
Is there an income tax implication for receiving DAY-NRLM - Interest Subvention on SHG Bank Loans (7% Subsidized Credit) benefits?
Agricultural income and certain welfare subsidies may be exempt from income tax under Section 10 of the Income Tax Act, 1961. Tax treatment varies by scheme type and beneficiary income level. Consult a certified tax practitioner or visit incometax.gov.in for scheme-specific tax guidance.
Common Rejection Reasons & Warnings
Irregular group repayment, NPA loan status, or non-compliance with Panchasutra.
Editorial Verification & Change Log
| Date | Field | Description / Update | Source Citation |
|---|---|---|---|
| 2026-10-18 | scheme_type | cs | Official Source ↗ |
| 2026-09-26 | initial_verification | Baseline verification of DAY-NRLM - Interest Subvention on SHG Bank Loans (7% Subsidized Credit) guidelines, benefits, and portal integration. | Official Source ↗ |
⚖Compare with Similar Schemes
Side-by-side eligibility, benefit, and effort comparison:
Application Window & Deadlines
Continuous application at scheduled commercial bank and RRB branches
🛟Grievance & RTI Channels
Scheme Intelligence
How is this calculated? ↗Verified 7d ago from .gov.in source
Requires documentation or office visit
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📅Scheme Milestone Timeline
Baseline verification of DAY-NRLM - Interest Subvention on SHG Bank Loans (7% Su...
Official Source ↗Schemes You Can Stack With This
Complementary programs with non-conflicting eligibility that you can claim concurrently:
Official Helpline & Nodal Offices
Financial Inclusion Division, MoRD
Krishi Bhawan, New Delhi 110001
Helpline: 011-23382236
Jurisdiction: Central (All India)Notice a Discrepancy?
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Verification Metadata
Last verified by Eligo researchers on 2026-10-12 against official government documentation.
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