SJSRY ELIGIBILITY All urban and semiurban poor sponsored by urban local bodies. BENEFITS Providing self employment to urban poor. Subsidy 15% of project cost maximum Rs.7,500/-. PURPOSE To provide gainful employment to the urban poor living below the poverty line. PROJECT COST Maximum Rs.50,000/- REPAYMENT SCHEDULE 9 years TERMS & CONDITIONS (No collateral security upto a loan limit of Rs.50,000/- for individuals and Rs.3 lac for groups. Loans exceeding the above limit Collateral/s like third party guarantee/ assignment of LIC policy required) WHERE TO APPLY & APPLICATION AVAILABILITY At the nearest rural and semi-urban branch.