It replaces the existing Swarna Jayanti Shahari Rozgar Yojana (SJSRY).

NULM & NRLM has been subsumed into DAY.

NULM aims at universal coverage of the urban poor for skill development and credit facilities.

It focuses on organizing urban poor in their strong grassroots level institutions, creating opportunities for skill development and helping them to set up self-employment venture by ensuring easy access to credit.

It is aimed at providing shelter equipped with essential services to the urban homeless in a phased manner and also addresses livelihood concerns of the urban street vendors.

Funding will be shared between the Centre and the States in the ratio of 75:25. For North Eastern and Special Category – the ratio will be 90:10.