Question

The procedure involved to take loan under PMRY.

28 May 2024
Answer :
Word Count : 686

The Prime Minister's Rozgar Yojana (PMRY) is a flagship anti-poverty program launched by the Government of India aimed at providing self-employment opportunities to educated unemployed youth and other traditionally marginalized sections of society. Under this scheme, individuals can avail of loans to start their own enterprises and become self-reliant. Here's a detailed procedure involved in taking a loan under PMRY:

1. Eligibility Criteria: To apply for a loan under PMRY, the applicant must fulfill certain eligibility criteria:
   - The age of the applicant should be between 18 to 35 years.
   - The applicant should have passed at least 8th standard (some variations exist based on specific state policies).
   - The applicant should not have availed any other assistance under any other government scheme for self-employment.
   - Family income should not exceed the prescribed limit.

2. Identification of the Enterprise: The first step is to identify the type of enterprise one wishes to start. The scheme encourages setting up small-scale industries, service enterprises, business __________ _______ __________ ________ _______ __________ __________ _____ _____ __________.
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