- Introduction to planning.
- Pradhan Mantri Rozgar Yojana (PMRY) scheme aims to provide assistance to educated unemployed persons. It deals with the establishment of self-employment enterprises through industry services and business avenues.
- The scheme is for all educated unemployed persons in the age group of 18-35 years, with an age relaxation of 10 years for SC/STs, ex-servicemen, physically handicapped persons and women. The scheme has a reservation of 22.5% for SC/STs and 27% for Other Backward Classes (OBCs).
- All economically viable activities including agriculture and allied activities but excluding direct agricultural operations like raising of crops, purchase of fertilizers etc. are covered under the scheme.
- Eligibility Criteria.
- What activities are covered under this scheme?
- All economically viable activities including agriculture and allied activities, excluding direct agricultural operations like raising of crops, purchase of fertilizers etc.
- How much loan amount is given?
- Rs. 1.00 lakh for business sector, Rs. 2.00 lakh for other activities, Rs. 10.00 lakh for joint venture.
- How much subsidy and margin money?
- The subsidy is 15% of the project cost subject to a maximum of Rs. 7,500 per entrepreneur. Banks will be allowed to take margin money from the entrepreneur ranging between 5% to 16.25% of the project cost to make the total amount of subsidy and margin money equal to 20% of the project cost.
- What is the interest rate and repayment schedule?
- The bank’s normal rate of interest is charged. The repayment period of the loan amount varies from 3 to 7 years.
- Will there be any training or any other support?
- Yes, there will be training. Training expenses and operational expenses will be covered within Rs 2,000/- per case.
- Where to apply?
- You have to apply to O/o Deputy Commissioner of your area.
- What documents are required?
- Applicable form completed in all respect.
- Proof of residence in the concerned district (Voter I-card / Ration card)
- Date of Birth (Birth Certificate / School Leaving Certificate).
- Proof of education qualification.
- Training completed, if any, Family Income Certificate.
- Applicant Caste Certificate
- What is the response time?
- An interview of the accepted applicants is conducted within 2 weeks of receiving the applications. The result of the interview is declared on the same day.
Beneficiaries:
unemployed person
Benefit:
monetary gain
how to apply
Apply to O/o Deputy Commissioner of your area.