DAY-NULM is Centrally Sponsored Scheme implemented by Union Ministry of Housing and Urban Poverty Alleviation.

• Its objective is to uplift urban poor folks by enhancing sustainable livelihood opportunities through skill development.
• Its intended beneficiaries are urban poor (street vendors, slum dwellers, homeless, rag pickers); unemployed and differently abled.
• It provides for employment through Skill Training and Placement through City Livelihood Centers to reduce poverty and vulnerability of the urban poor households.
• It also provides social mobilization and institution development through formation of Self-Help Groups (SHG) for training members and hand holding, an initial support of 10, 000 is given for each group.
• It also provides subsidy to urban poor i.e. interest subsidy of 5% – 7% for setting up individual micro-enterprises with loan of up to 2 lakhs and for group enterprises with loan limit of up to Rs.10 lakhs. DAY-NULM was in news as the PAISA portal under the programme has been launched recently.