Self- Employment Programme for the Urban Poor (SEPUP)

- The Government of India started this programme in the year 1986, with the aim to provide Self-employment opportunities, with the assistance of subsidies and bank loans to the families living below the poverty line in the metropolitan, urban and semi-urban areas.
- Under this programme, a financial assistance of Rs. 5,000 was to be granted, depending on the cost of the unit, to a beneficiary for doing any business. 10% p. a. interest rate was payable on granted loans which was supposed to be repaid in 33 equal monthly instalments after the 3 months interval span.
- The borrower was also entitled to get capital subsidy upto 25% of the project cost. The applicant must be the resident of any city/town or other area except the Integrated Rural Development Area and he should be continuously residing at that place for the last 3 years. The family income of the applicant should not be more than Rs. 600 per month.
- This programme continued till 1991-92 but in 1992-93 this was combined with 'Scheme of Urban Micro Enterprise' of the Nehru Rozgar Yojana.