The procedure involved to take loan under PMRY.

Question

28 Sep 2023

Answer :

Word Count : 745

The Prime Minister's Rozgar Yojana (PMRY) was a poverty alleviation and employment generation program launched by the Government of India in 1993. The program aimed to provide financial assistance to unemployed youth and promote self-employment by helping them establish small enterprises and businesses. While PMRY was an important initiative to address poverty and unemployment at the grassroots level, it was eventually merged with another scheme called the Prime Minister's Employment Generation Programme (PMEGP) in 2008. The procedure for obtaining a loan under PMRY was designed to be accessible to aspiring entrepreneurs, and it involved several steps:

1. Eligibility Criteria:
To be eligible for a loan under PMRY, an individual needed to meet certain criteria:
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