Steps to Apply for Pradhan Mantri Rozgar Yojana

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All You Need to Know About Pradhan Mantri Rozgar
Yojana
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What is Pradhan Mantri Rozgar Yojana?

• Pradhan Mantri Rozgar Yojana is a government
  initiative that caters to the educated unemployed
  youth of the country. Launched in 1993, Pradhan
  Mantri Rozgar Yojana (PMRY) is a scheme backed by
  the Central Government, which was rolled out with
  the aim to provide employment opportunities to
  the countrys educated unemployed youth and
  women. The scheme offers subsidized financial
  assistance to beneficiaries to help them start an
  enterprise in the trade, business, manufacturing,
  or service sector.

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Features of Pradhan Mantri Rozgar Yojana

• The PMRY scheme has much to offer the educated
  unemployed.
• The scheme is backed by the Central Government
• It provides training of up 20 days to help you
  set up your business
• PMRY scheme primarily caters to small-scale
  industries
• The state-level PMRY committee monitors the
  progress of the scheme every quarter
• The scheme aims to aid the fishing, horticulture,
  poultry and piggery sector in North Eastern
  regions

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Features of Pradhan Mantri Rozgar Yojana

• Beneficiaries do not require any collateral for
  loans undertaken for projects up to Rs.1 lakh
• Borrowers can repay via easy equated monthly
  installments
• Beneficiaries are charged nominal interest rate
  under the scheme
• The scheme has reservations for weaker sections
  of the society including women
• The repayment tenor is between 3 to 7 years after
  the initial moratorium period

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Implementation of PMRY Scheme

• The implementation of PMRY includes identifying
  economic activities, obtaining the necessary
  infrastructural information, selecting
  candidates, and partnering with banks. The entire
  implementation procedure is spearheaded by the
  Directorate of Industries and District Industry
  Centers along with the authorized banks. The
  Implementation Committee also motivates
  candidates, shortlists subsidiary activities, and
  works towards obtaining permissions.

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Eligibility for PMRY Scheme

• Age Educated unemployed must be between 18 and
  35 years of age. Ex-servicemen, physically
  handicapped persons, women, and the SC/ST
  category enjoy a relaxation of 10 years
• Educational qualification You should have passed
  the 8th standard and those who have been trained
  for at least 6 months at a Government-recognised
  approved institution, will be given preference
• Qualification You should be a permanent resident
  of the area for at least 3 years
• Family income Your yearly income, along with
  that of your spouse, should be Rs.40,000 or less.

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Eligibility for PMRY Scheme

• Repayment history You should not be a defaulter
  to any cooperative bank, nationalized bank or
  financial institution in the past
• Beneficiary status This should be the first
  subsidy-linked Government scheme you are availing
  aid under
• Activities covered You may obtain aid for any
  economically-viable activity that is not a direct
  agricultural operation such as purchasing manure
  or raising crop
• Reservations Women are given preference and
  PMRY envisions a 27 reservation for OBCs and a
  22.5 reservation for SC/ST persons

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Documents Required PMRY Scheme

• Copy of your driving license
• Residence certificate
• Income and caste certificate
• EDP training certificate
• Copy of your proposed project
• Educational and technical qualification
  certificates
• Work experience certificate

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Steps to Apply for PMRY Scheme

• Log in to the official PMRY website
• Download the application form
• Fill in the required details
• Submit the duly filled form to the concerned bank
• Upon verifying your details, the bank will get in
  touch with you for further steps.

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CONCLUSION

• Availing subsidized aid through PMRY also
  includes preparing a project report based on your
  business idea, containing details like salary
  amounts, raw materials to be used, the cost of
  production, profitability ratios, and a
  break-even report. Further, on careful scrutiny
  of your PMRY application, an interview with you
  will be scheduled.

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THANK YOU