Preference will be given to those who have been trained for any trade in Goverment recognised approved institutions for a duration of at least six moths. Family Income Neither the income of the beneficiary along with the spouse nor the income of parents of the beneficiaries shall exceed Rs. Permanent resident of the area for at least 3 years. Further, a person already assisted under other subsidy linked Government schemes would not be eligible under this Scheme.
Prime Minister Rozgar Yojana Application: This plan is to give self-employed breaks to one million unemployed educated young people in the country.
This scheme has been formally started in India, on 2nd October, This is further limited to Rs. Self-help Groups can also avail subsidies of up to Rs. This is limited to Rs. Collateral Collateral is a form of security, is not necessary for projects up to Rs. Rate of Interest The rate of interest will differ based on the loan amount as per the guidelines provided by the government.
Moratorium Period Under PMRY Scheme, there is a moratorium period, which allows the borrower to start earning money from his the venture before the repayment schedule begins. Training Training for the borrowers is provided to ensure that they can set up their business.
The training is provided for 15 to 20 days. The applicant must be a permanent resident. The age limit should be 18 years to 35 years.
Applicants must have passed 8th standard. The income of the family should be Rs.
The scheme is reserved Any individual who are interested to take loan and want to attain or apply against this yojna may contact the nearest branch of any nationalized bank for detailed information.The scheme continued in the 9th Five Year Plan with the plan target of lakh beneficiaries with annual target of lakh beneficiaries.
The PMRY is continuing in the 10th Five Year Plan also with the plan target of lakh beneficiaries.
PMRY is being implemented since The Scheme is designed to create and provide sustainable self-employment opportunities to one million educated unemployed youth in the country during the 8th Plan .
Prime Minister Rozgar Yojana Loan Application Form, (PMRY) Scheme. August 23, By admin Leave a Comment. Prime Minister Rozgar Yojana Loan This yojana is specially designed to provide self employment to the educated youth during 8th plan period.
Now certain parameters of this scheme are modified by the government as per the. These business projects setup under Pradhan Mantri Rozgar Yojana.
In this business 5 percent of amount much be invested by the person who will going to start it. Beside that Government will provide subsidy on the 15 percent of cost. 15 rows · The Scheme is designed to create and provide sustainable self-employment opportunities to one million educated unemployed youth in the country during the 8th Plan period.
During the last 5 years of its implementation, it was felt that certain parameters of the PMRY Scheme needed modification.
Pradhan Mantri Rozgar Yojana Loan Scheme – This is a central government ambitious scheme of the central government which we know as the Pradhan Mantri Rozgar Yojana Loan Scheme. Under this scheme, the central government will train the youth and start a business for which the interest rate will be equivalent to starting the business.