Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM)

About the UNDP and DAY-NULM partnership:

• Aim: To empower women to make well-informed career choices in the field of entrepreneurship.
• It will provide support for women looking to start and expand their enterprises such as the care economy, digital economy, electric mobility, waste management, food packaging and more.
• Focused on fostering entrepreneurship development and accelerating enterprise growth.
• Time-Period: It is a three-year project, extendable beyond 2025 which will cover eight cities in the initial phase.
• UNDP will offer national-level capacity-building support to DAY-NULM.
• This support will focus on knowledge generation and management, such as compiling compendiums of best practices related to urban poverty, to enhance the implementation of national-level schemes.
• UNDP will also contribute to the initiative by developing community business mentors called Biz-Sakhis in selected project locations.
• These mentors, who possess valuable business knowledge, can support new and existing enterprises, and serve as a resource for DAY-NULM at a later stage.

Key facts about the DAY-NULM

• It is a flagship mission under the Union Ministry of Housing and Urban Affairs.
• It has the aim to uplift the urban poor by enhancing sustainable livelihood opportunities through skill development.
• Funding: It will be shared between the Centre and the States in the ratio of 75:25. For North Eastern and Special Categories – the ratio will be 90:10.

Q1) What is Entrepreneurship?

Entrepreneurship refers to the activity of identifying, creating, and managing a business or venture with the aim of making a profit. An entrepreneur is an individual who takes on the role of organizing and operating a business, often assuming financial risks in the pursuit of new opportunities and innovative solutions.

Source: UNDP partners with DAY-NULM towards empowering women entrepreneurs