|Prime Minister Narendra Modi|
|Budget ₹500 crore (US$74 million)|
Deen Dayal Antyodaya Yojana or DAY is a Government of India scheme for the helping the poor by providing skill training. Government of India has provisioned ₹500 crore (US$74 million) for the scheme. It replaces Aajeevika. The targets is training 0.5 million people in urban area per annum from 2016 and in rural area it is training 1 million people by 2017. Further, in urban areas services like SHG promotion, training centres, vendors markets, permanent shelters for homeless will be provided for. The aim of scheme is skill development of both rural and urban India as per requisite international standards.
"Extended to all the 4,041 statutory cities and towns of the country, DAY-NULM aims at reducing urban poverty by improving livelihood opportunities through skill training and skill upgradation for self-employment, subsidised bank loans for setting up micro-enterprises, organising urban poor into self-help groups, among others."
A loan of ₹2 lakh (US$3,000) each will be provided to individuals and ₹10 lakh (US$15,000) each to groups for setting up micro-enterprises.
From 2014 to 2016, skills have been imparted to 4.54 lakh urban poor, giving employment to one lakh (22%) such people. An amount of ₹5.51 billion (US$82 million) was lended to 73,746 beneficiaries at an interest rate of 7% for setting up individual micro-enterprises. Further ₹0.54 billion (US$8.0 million) was disbursed for setting up 2,527 group enterprises. According to the press release by the government, Tamil Nadu, Madhya Pradesh, Uttar Pradesh, Andhra Pradesh and Telangana aced the implementation of DAY-NULM for the period from 2014 to 2016.