The Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) is a central government scheme aimed at alleviating urban poverty through skill development, self-employment, and the formation of Self-Help Groups (SHGs). It recognizes the unique challenges faced by the urban poor and seeks to create economic opportunities for them to lead dignified lives.
Objectives of DAY-NULM
- Sustainable Livelihoods: Provide skill development and placement support to enable the urban poor to secure gainful employment or establish micro-enterprises.
- Self-Help Group (SHG) Promotion: Nurture SHGs, especially among women, to foster collective action, financial inclusion, and community empowerment.
- Social Mobilization: Build strong community-led institutions of the urban poor for addressing poverty and accessing various public services.
- Capacity Building: Enhance the capacities of urban local bodies and other stakeholders to effectively implement the scheme.
- Shelter for the Urban Homeless: Provide shelters equipped with basic amenities for the urban homeless population.
Components of DAY-NULM
- Employment through Skills Training and Placement (EST&P): Focuses on skill development and linking the urban poor to employment opportunities.
- Self-Employment Programme (SEP): Supports individuals and groups to set up micro-enterprises through financial assistance and training.
- Support to Urban Street Vendors (SUSV): Aims to protect the livelihoods of street vendors and provide them with better infrastructure and access to credit.
- Scheme of Shelter for Urban Homeless (SUH): Provision of permanent shelters for the urban homeless.
Impact of DAY-NULM
- Skill Development and Employment: The scheme has helped numerous individuals gain skills and secure jobs or start small businesses.
- Women’s Empowerment: SHGs have become avenues of economic and social empowerment for women in urban areas.
Case Study: From Street Vendor to Shop Owner
A woman street vendor supported by DAY-NULM received training and a loan to establish a small grocery store, improving her income and stability.
FAQs About DAY-NULM
- Who is eligible for DAY-NULM benefits? The scheme targets the urban poor, street vendors, and the homeless.
- How to access DAY-NULM schemes? Individuals can approach designated Urban Local Bodies (ULBs) or NGOs working in partnership with DAY-NULM.
PAISA – Portal for Affordable Credit and Interest Subvention Access
PAISA is a centralized digital platform that facilitates efficient and transparent delivery of interest subvention benefits under various government schemes to eligible borrowers.
Objectives of PAISA
- Streamlining Interest Subvention: Simplify the process for borrowers to claim interest subvention benefits, reducing delays and errors.
- Transparency and Accountability: Enhance transparency in the disbursement of subsidies and minimize leakages.
- Real-Time Tracking: Enable real-time monitoring of loan and subsidy disbursal for effective oversight.
- Direct Benefit Transfer (DBT): Facilitate DBT for timely and accurate transfer of benefits to borrowers’ accounts.
How PAISA Works
- Integration: PAISA integrates with the databases of various government schemes that offer interest subventions and with the lending institutions providing subsidized loans.
- Verification and Disbursal: The portal verifies borrower eligibility, calculates the interest subvention amount, and facilitates its disbursal to the borrower’s account.
Benefits of PAISA
- Convenience for borrowers
- Improved efficiency for lenders
- Enhanced transparency for government schemes
FAQs about PAISA
- Which schemes are linked to PAISA? PAISA connects with several credit-linked subsidy schemes across sectors.
- How does a borrower access PAISA? Borrowers apply through their lending institution, which interacts with the PAISA portal.
MCQs
PAISA is primarily a platform for:
A. Online shopping
B. Interest subvention disbursal
C. Weather forecasts for farmers
D. Booking train tickets
Who primarily benefits from PAISA?
A. Borrowers under credit-linked subsidy schemes
B. Government officials
C. Lending institutions
D. All of the above
The primary purpose of DAY-NULM is to:
A. Promote export of agricultural products
B. Eradicate urban poverty
C. Promote tourism
D. Train farmers in advanced techniques
Which of these is NOT a component of DAY-NULM?
A. Skill training and placement
B. Self-Help Group (SHG) formation
C. Shelter for the homeless
D. Free distribution of laptops