Eligibility Terms for Prime Minister Rozgar Yojana - PowerPoint PPT Presentation

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Eligibility Terms for Prime Minister Rozgar Yojana

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The problem of unemployment still plagues the country. Youth with formal and informal education or training are crippled by this and fail to contribute to the nation’s economic development. As a solution, the central government launched Prime Minister Rozgar Yojana to offer financial assistance to youth seeking to make the most of opportunities for self-employment. – PowerPoint PPT presentation

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Title: Eligibility Terms for Prime Minister Rozgar Yojana


1
Objectives of the PMRY Scheme
2
What is PMRY?
  • The Pradhan Mantri Rozgar Yojana or Prime
    Minister Rozgar Yojana (PMRY) is an innovative
    incentive taken up by the central government to
    encourage micro-enterprises. It helps provide a
    means of earning to the unemployed youth of the
    country by putting their skills to use for the
    betterment of society.
  • Pradhan Mantri Rozgar Yojana is one such Central
    Government scheme that aids the youth to initiate
    start-ups, especially in the manufacturing,
    service and trade sectors. According to a
    government report, approximately 69.5 lakh
    individuals have enrolled in this scheme between
    2018 and 2019.

3
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4
Features of PMRY
  • Prime Minister Rozgar Yojana provides a boost to
    the unemployed yet educated citizens of India to
    start a micro-enterprise.
  • The PMRY scheme helps unemployed citizens start
    an enterprise irrespective of where they are in
    the country.
  • The scheme is launched by the central government
    and it covers all the eligible citizens of India
    irrespective of whether they are in rural or
    urban locations.
  • The scheme is designed for the betterment of
    society as a whole rather than for a specific
    group of people.

5
Features of PMRY
  • The scheme provides a business loan at
    low-interest rates.
  • The scheme provides a moratorium for repayment.
  • An eligible individual can avail a loan as
    follows
  • For a business enterprise up to Rs. 2 lakh
  • For a service enterprise up to Rs. 5 lakh
  • For industry sector up to Rs. 5 lakh

6
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7
Documents Required for PMRY Application
  • Proof of Identity
  • Profile of the proposed project under which you
    are applying to the PMRY scheme
  • Proof of the applicants qualification/education
  • Details of or a copy of the applicants technical
    certificate
  • Certificate of caste
  • EDP training certificate
  • Drivers Licence
  • Proof of degree qualification
  • Date of Birth proof 10th class mark sheet or
    birth certificate, either are acceptable
  • Proof of residence for the last 3 years Either
    Ration Card or Residency proof

8
PMRY Eligibility
  • The age of the applicant should be between 18 and
    35 years. However, SCs/STs and women applicants
    have a higher age ceiling of 45 years and those
    from North-eastern states get an age ceiling of
    40 years.
  • The applicant should not be a defaulter to any
    nationalized/cooperative bank or financial
    institution.
  • Education qualification of 8th class pass is a
    must for the applicant.
  • The total income of the applicant, including
    his/her family, should be less than Rs.40,000 per
    month.
  • The applicant should have been a permanent
    resident of that area for the preceding 3 years.

9
Steps to Apply for PMRY
  • Applying for the PMRY scheme requires prior work.
    Here are the steps involved.
  • Finalise the project report
  • Fill the application form and submit it to a
    District Industries Centre (DIC) or bank
  • Await review and confirmation for an interview
  • Attend the interview

10
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