Pradhan Mantri Rozgar Yojana – Complete Details

Pradhan Mantri Rozgar Yojana

Pradhan Mantri Rozgar Yojana (PMRY) – At present, the Pradhan Mantri Rozgar Yojana is being implemented by the Central Government. Under this scheme, the Government has been providing financial support to provide employment to the educated candidates. Work is going on to provide this loan through banks and co-operative institutions. In order to run the employment of educated jobs, the Prime Minister’s scheme has been started by the Indian government from October 2, 1993 but the present government has made a plan to reimplement this scheme. Under this scheme, work is being made to make unemployed youth/women self-reliant by making loans available to banks and other financial institutions. Many educated candidates have taken steps towards self-reliance by taking loan from government employment scheme.

Objectives of Pradhan Mantri Rozgar Yojana

The purpose of this scheme to provide loan under the Prime Minister’s Employment Scheme is to make the youth employment oriented. This scheme will help the youth to get rid of the high interest rates and loans or loans at cheap interest rates through banks. One of the objectives is that instead of relying on young jobs, work for self-employment. Prime Minister Narendra Modi gave government assistance to startup companies in the year 2015 for implementation of this employment scheme and now it has become self-sufficient by many educated unemployed technical work.

Read More: List of Pradhan Mantri Schemes 2017

Who Can Take Benefits Under Pradhan Mantri Rozgar Yojana

Under the Pradhan Mantri Kaushal Vikas Yojna, a candidate who has obtained the technical knowledge earned by the technical knowledge can apply for a loan for running the employment under the Prime Minister’s Employment Plan. The benefits of this scheme are given to the candidates from 18 to 35 years of age. The annual income of applicants is less than Rs. 24000 and matriculation pass.

Read More: Latest Ongoing Housing Schemes 2017

Application Process

All youth/women are interviewed for identification/selection of beneficiaries by district level or sub-committee formed at the administrative level to give loans under the employment scheme and the necessary papers are checked. By selecting the beneficiaries, their applications are sent to the banks by the committee for assessment and acceptance. With the implementation of Old Prime Minister’s Employment Plan, the bank is made available to the selected beneficiaries by the bank as a loan. Only 15 percent of the loan or 7500 rupees is given in cash. At the same time, 5 percent of the cool project cost has to be applied to the beneficiary of the scheme at its own level. The progress of the industry is being run by selected beneficiaries by the review committee. Loans are paid 6-8 months off, but later in the easy installments with the interest rate of the loan, it has to be paid 3 to 7 years in one go. This process has made something easy to make.

Preference under PMRY

Preference under PMRY scheme should be given to weaker sections including women.

  • SC/ST – 22.5%
  • Other Backward Class (OBCs) – 27%

Important Links || Download Guidelines of PMRY || Download Application Form

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