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NATIONAL URBAN LIVELIHOOD MISSION (NULM)

PURPOSE

  • Generate self-employment opportunities suitable to local conditions for the urban Unemployed/Underemployed including their Self Help Group as per their skills ,training, technical expertise and aptitude.
  • provide technical, marketing and other support to the Target group
  • Only income generating activities under MSME for which there is local demand, are eligible for finance

ELIGIBILITY

    Individual Enterprise: Individual urban poor desiring to set up an enterprise

    group Enterprise

  • SHG formed under NULM or Group of Urban Poor desiring to set up an enterprise jointly
  • Minimum 05 members out of which min 70% must belong to Urban poor families
  • Minimum age of every member should be 18 years
  • Application must be forwarded by the Area Level Federation or implementing agencies ie UD&PA Deptt.

LOAN AMOUNT

  • Individual Enterprise : ₹ 2 lakhs maximum
  • Group Enterprise : ₹ 10 lakhs maximum

MARGIN

    Upto ₹50,000/- - NIL

  • ₹50,001/- to ₹2,00,000/- - 5% of Project Cost
  • Above ₹ 2,00,000/- :10% of project Cost

INTEREST RATE

    As prescribed by the Bank. interest will be applied on monthly compounding basis

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Largest Branch Network in
Mizoram.
Mizoram Rural Bank
Head Office : MINECO,Khatla
Aizawl - 796001
Mizoram
Nodal Officer for Customer Grievance Redressal
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