Money for your businessgroup creditChecked Oct 2026
Self-help group credit (DAY-NRLM)
Money that comes to a women's self-help group, not to one person: a starting fund, a larger investment fund, and bank loans without collateral, which the group lends on to its members.
Revolving fund
₹20,000 to ₹30,000 per group
- For
- Women in rural self-help groups
- Community Investment Fund
- Up to ₹2.5 lakh per group
- Bank loan without collateral
- Up to ₹20 lakh per group
- Interest subvention
- On bank credit, up to a ceiling per group
What to know
- These are group entitlements under the rural livelihoods mission (called Umed in Maharashtra). Each member borrows from the group.
- A group usually has to save and lend among its members regularly for some months before a bank will lend to it.
- News reports of an interest-free ₹5 lakh loan to every woman under 'Lakhpati Didi' are not confirmed by the official material we read.
How to apply
- Join or form a self-help group through the community resource person in your village.
- Save and meet regularly and keep the group's books.
- The mission's block office helps the group open a bank account and apply for credit.
Ask before you apply
We could not confirm these points. Terms change, so ask and get the answer in writing.
| Ask | Where to ask |
|---|---|
| What has this group received so far, and what interest does it charge members? | The group's president and its cluster federation |
| What interest support applies to our group's bank loan? | Block office of the State Rural Livelihoods Mission |
Other ways to raise money
- Mudra loanCollateral-free business loans in four slabs
- PMEGPLoan with subsidy for new units
- PM SVANidhiStreet vendors and hawkers in towns
- PM VishwakarmaPeople working with their hands in 18 traditional trades
- CMEGP (Maharashtra)Residents of Maharashtra starting a new unit
- Stand-Up IndiaSC, ST and women starting a new enterprise of some size
- CGTMSE guaranteeAny micro or small enterprise that has no property to pledge
- Microfinance loanLow-income households with no collateral
- Gold loanAnyone with gold ornaments who needs money quickly
Sources
Scheme terms change by government order and differ between banks. Confirm everything with the bank or the scheme office before you commit money. Checked Oct 2026.