Port Blair, Oct. 29: The Port Blair Municipal Council has sanctioned two micro-credit loan under Self Employment Programme (SEP) of Deendayal Antyodaya Yojana- National Urban Livelihood (DAY-NULM). The loans were disbursed to Shri. N. Senthivel and Smt. L. Mahalaxmi on 29/10/2020. Smti. Anjali Sehrawat IAS, Secretary PBMC and Lead District Manager Port Blair Shri. P.K. Ummer Farooq handed over the sanction letter for an amount of Rs. 1.9 lakhs and Rs. 1.8 lakhs respectively. Sh. N. Senthivel runs a Food Items shop near Shadipur Chowk while Smt. L . Mahalaxmi  runs a small bakery from her home.

The credit facility has come as a ray of hope for them as they wanted to expand their enterprises but were constrained due to lack of funds. Project Officer, PBMC Sh. Muthu Kumar facilitated them to apply for funds under DAY-NULM scheme.

Under SEP component of the DAY- NULM scheme, financial assistance with interest subvention is provided to Individuals/groups and Self-Help Groups (SHGs) including street vendors for setting up gainful self-employment ventures /micro enterprises, suited to their skills, training, aptitude and local conditions. Under this scheme a loan of up to Rs. 2.00 Lakh for an individual and up to Rs. 10.00 Lakh for SHGs can be availed. The interest subvention under the scheme is approx. 5% . Further Women and SHGs are entitled for additional interest subvention of 3%.

Interested person are requested to contact City Mission Management Unit, PBMC, Recon Park Building, Dairy Farm for more information on the scheme.