DAY-NULM - Self Employment Programme Individual Micro-Enterprise Loan (SEP-I)
Subsidized bank loan up to ₹2 Lakh with interest subvention above 7% for urban micro-enterprises implemented across all states and union territories.
Quick Eligibility Snapshot
₹Benefits & Entitlement Breakdown
📊Budget Allocation & Beneficiary Reach
Over 2.2 Lakh individual urban micro-enterprises established
As of: 2026-01-20PIB / Official Citation ↗Verified Eligibility Criteria
Urban poor individual residing in the municipality with viable micro-enterprise project.
Required Documents Checklist
Verify readiness before applying for DAY-NULM - Self Employment Programme Individual Micro-Enterprise Loan (SEP-I). 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-NULM - Self Employment Programme Individual Micro-Enterprise Loan (SEP-I)?
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
Submit micro-enterprise project proposal to the Urban Local Body (ULB) Task Force.
- 2
Task Force interviews candidate and recommends proposal to scheduled commercial bank.
- 3
Bank sanctions loan; interest subvention claimed and credited directly to loan ledger.
✅Before You Begin — Pre-Application Checklist
⚠️Common Rejection Reasons — Avoid These
Urban household income exceeding ₹2.5 Lakh per annum or bad credit score.
Official Government Application Portal
You will be redirected to the secure official portal: nulm.gov.in
Get Curated Scheme Alerts & Application Deadlines
Never miss an installment date, scholarship deadline, or new state subsidy. Voluntarily subscribe to receive verified government scheme updates directly on WhatsApp or Email.
Successfully Subscribed!
Your preferences are securely saved. You will receive verified alerts when application windows open. You can unsubscribe anytime.
💡 Need an immediate personalized document checklist & rejection audit for your profile?
Get Scheme Blueprint (₹49)→Frequently Asked Questions (Officially Sourced)
Verified answers sourced directly from official circulars, gazettes, and portal FAQs. Never AI-invented.
Is there any margin money contribution required for loans up to ₹50,000?
No margin money is required for project costs up to ₹50,000 (only 5% for projects above ₹50,000).
Source: Official Scheme FAQ ↗Who is eligible to apply for DAY-NULM - Self Employment Programme Individual Micro-Enterprise Loan (SEP-I)?
Eligible applicants must satisfy official government criteria for DAY-NULM - Self Employment Programme Individual Micro-Enterprise Loan (SEP-I). Age: min 18 max 60 years. Annual family income ceiling: ₹2,50,000. Conditions: Urban poor individual residing in the municipality with viable micro-enterprise project..
Source: Official Scheme FAQ ↗What are the key benefits provided under DAY-NULM - Self Employment Programme Individual Micro-Enterprise Loan (SEP-I)?
Under official guidelines for DAY-NULM - Self Employment Programme Individual Micro-Enterprise Loan (SEP-I), beneficiaries are entitled to: Provides bank project loans up to ₹2,00,000 at a subsidized interest rate where the central government reimburses all interest charged by banks over and above 7% per annum (with no collateral required) for urban poor individuals starting micro-ventures.
Source: Official Scheme FAQ ↗How do I apply for DAY-NULM - Self Employment Programme Individual Micro-Enterprise Loan (SEP-I)? What is the official process?
To apply for DAY-NULM - Self Employment Programme Individual Micro-Enterprise Loan (SEP-I), applicants should follow the official procedure: 1. Submit micro-enterprise project proposal to the Urban Local Body (ULB) Task Force. 2. Task Force interviews candidate and recommends proposal to scheduled commercial bank. 3. Bank sanctions loan; interest subvention claimed and credited directly to loan ledger.
Source: Official Scheme FAQ ↗Can I track my DAY-NULM - Self Employment Programme Individual Micro-Enterprise Loan (SEP-I) application status?
Application status for DAY-NULM - Self Employment Programme Individual Micro-Enterprise Loan (SEP-I) can typically be tracked through the official portal at nulm.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-NULM - Self Employment Programme Individual Micro-Enterprise Loan (SEP-I) 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-NULM - Self Employment Programme Individual Micro-Enterprise Loan (SEP-I) 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
Urban household income exceeding ₹2.5 Lakh per annum or bad credit score.
Editorial Verification & Change Log
| Date | Field | Description / Update | Source Citation |
|---|---|---|---|
| 2026-10-18 | scheme_type | cs | Official Source ↗ |
| 2026-10-06 | short_description | Subsidized bank loan up to ₹2 Lakh with interest subvention above 7% for urban micro-enterprises implemented across all states and union territories. | Official Source ↗ |
| 2026-09-26 | initial_verification | Baseline verification of DAY-NULM - Self Employment Programme Individual Micro-Enterprise Loan (SEP-I) 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 Municipal Corporation / ULB offices
🛟Grievance & RTI Channels
Scheme Intelligence
How is this calculated? ↗Verified 23d ago from .gov.in source
Requires documentation or office visit
Related Welfare Programs
Central housing mission providing central assistance and interest subsidies to urban poor, EWS, LIG, and Middle-Income groups for pucca housing.
Flagship rural housing program providing financial assistance to houseless rural households and those living in dilapidated houses to construct pucca dwellings.
Micro-credit working capital loan facility providing collateral-free loans up to ₹50,000 with 7% interest subsidy and cashback for urban street vendors.
📅Scheme Milestone Timeline
Subsidized bank loan up to ₹2 Lakh with interest subvention above 7% for urban m...
Official Source ↗Baseline verification of DAY-NULM - Self Employment Programme Individual Micro-E...
Official Source ↗Schemes You Can Stack With This
Complementary programs with non-conflicting eligibility that you can claim concurrently:
Official Helpline & Nodal Offices
NULM Financial Inclusion Cell, MoHUA
Nirman Bhawan, New Delhi 110011
Helpline: 011-23062309
Jurisdiction: Central (All India)Notice a Discrepancy?
Help keep civic data 100% accurate. We audit every report against primary gazettes.
Verification Metadata
Last verified by Eligo researchers on 2026-09-26 against official government documentation.
Eligo is an independent information platform unaffiliated with any government body. Always confirm latest terms directly on the official portal.