Prime Minister's Rozgar Yojana(PMRY)

Name of the Scheme : Prime Minister's Rozgar Yojana(PMRY)
Sponsored by : Central Government
Funding Pattern : Rs. 1.00 lakh for business sector. Rs. 2.00 lakhs for other activities,
loan to be of composite nature. If two or more eligible persons joins
together in a partnership, project upto Rs. 10.00 lakhs are covered.
Assistance shall be limited to individual admissibility.
Ministry/Department: Department of Legal and Legislative Affairs
Description : This scheme has been launched by the Govt. of India in 1993 to
provide self employment opportunities to the unemployed youth and
women. Under the Prime Minister Rozgar Yojna, loans upto Rs. 1.00
lac for business and Rs. 2.00 lac for Industrial & Agricultural activities
are advanced by the Banks to those unemployed Youth and Women
who are 18 to 35 and 18 to 45 years of age respectively and whose
income (including the income of the parents / spouse) does not exceed
Rs. 40 thousand per annum and he should be permanent resident of
the area or at least three years but in case o0f married women the
residency criteria applies to her husband or in-laws. The educational
qualifications for eligibility under the scheme is 8th passed.
Beneficiaries : Individual,Family,Women,
Validity of the Scheme
Introduced On : 15 / 08 / 1993
Valid Upto : 15 / 08 / 2023