When you lend a share, you receive a lending fee which is quoted per share.
For example, when you lend 1000 shares of ABC at Rs. 20 per share, you receive Rs. 20,000 (Rs. 20/share * 1000 shares), which is credited to your account on T+1 day (i.e trade day + 1 trading day).
Feel free to call us at 022-61363728 to avail the benefits of SLBM. You can check details of eligible stocks and fee on NSE website.