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Government of Assam
Department of Housing and Urban Affairs
Assam State Urban Livelihoods Mission (DAY-NULM)

Self Employment Programme (SEP)

The main aim of SEP component is to reduce poverty of the urban poor by providing them with self employment opportunities through bank linkage. There are three sub components under SEP:

  1. Self employment programme, Individual (SEP-I).
  2. Self employment programme, Group (SEP-G).
  3. SHG Bank linkage.

Details of three sub components are as under:

 

Criterion

Individual Enterprise

Group Enterprise

SHG Bank Linkage

Beneficiary

Individual urban poor

Group of urban poor (minimum 5 members)

Healthy SHGs following ‘Panchasutra’

Loan Purpose

To set up a microenterprise

To set up a microenterprise

SHG internal lending

Max. Amount of Loan

Rs. 2 Lakh

Rs. 10 Lakh

No Maximum Limit

Subsidy

Interest subsidy over and above 7% per annum rate of interest

Interest subsidy over and above 7% per annum rate of interest
  • Interest subsidyover and above 7%
    per annum rate of
    interest
  • Additional 3%interest subvention
    available ONLY IF:
    (a) all SHG members are women;
    (b) all instalments
    paid on time

Subsidy to be paid by DAY-NULM to the banks

Difference between
prevailing bank rate and 7%

Difference between
prevailing bank rate and 7%

Difference between prevailing bank rate and 7%. Additional 3% will be reimbursed to all women SHGs who repay their entire bank loan on time