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Explain the self-employment scheme run for the urban poor.

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The government of India started this scheme after consultation with RBI in 1986 to enable adoption of self-employment by people of BPL families living in towns and cities with a population of more than 10,000 through the provision of grants and loans.

The main elements of this scheme are as follows: 

  • The person should be living in an urban area for the last 3 years. 
  • The person should not have any outstanding loan. 
  • 25 per cent of loan is given as a grant.
  •  No collateral or guarantee is needed for the loan. 
  • The person should be literate.

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