PMRY Scheme - What is Pradhan Mantri Rozgar Yojana?

What is Pradhan Mantri Rozgar Yojana Scheme?

The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) Plan Scheme has been designed to incentivize employers to generate new employment, where the Government of India has paid the full employer's contribution towards EPF & EPS both i.e. 01.04.2018 for the new employment. (Earlier benefit was applicable for employer's contribution towards EPS only)

What is Pradhan Mantri Rozgaar Loan?

Today, unemployment has become the biggest headache in our country. On one hand, the number of youth is so high that it has become difficult for the government to somehow employ all people. Keeping this in mind, the state government and the central government are implementing new schemes to create more employment opportunities. One such scheme is named Pradhan Mantri Rozgar Yojana. The Pradhan Mantri Rozgar Yojana was announced in 2019. Under this scheme, people who wish to do business in the country will be given loans.

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What Is The Purpose Of The PMRY Scheme?

Today, due to lack of funds, many people in our country think of doing business of their own, but cannot do it. Apart from this, even if some people try, the interest of business loans taken by private banks becomes a cause of trouble for them. In such a situation, people are being given better employment opportunities under PM Rojgar Loan Yojana, in which unemployed people will be given loans to do business at a cheap interest rate. This will not only reduce unemployment in the country but will also make people of the country worth giving jobs instead of taking jobs.

Who Will Play An Important Role?

Important information has been submitted to the District Industries Center and the Directorate of Industries to enable the Prime Minister's Employment Scheme to be properly launched at the ground level.

How To Apply For PMRY Loan?

Today we will tell you in our article what is the PMRY Loan Scheme and how can you apply. If you want to understand the whole process related to it, then read this article in our entirety.

What Are The Eligibility Criteria For The PMRY Scheme?

The eligibility criteria are as follows:

What Is The PMRY Loan Interest Rate?

Under the Prime Minister's Employment Scheme, the interest is charged according to the instructions issued by the Reserve Bank from time to time. In the current time, if you take a loan through this scheme, then you will have to pay 12% interest on 25 thousand rupees, and on the amount of 25000 to 1 lakh, the interest rate will be charged 15.5. Apart from this, if the loan amount is high, then the interest rate will be more.

How To Apply For Pradhan Mantri Rojgar Yojana Online?

To apply for the scheme, you can go to the official site or you can click on this link http://dcmsme.gov.in/publications/forms/pmryform.html

After clicking on the link, a form will appear, submit the form by filling all the information asked on that form completely.

What Is The PMRY Selection Process?

The PMRY selection process will be such

How Much Loan Can You Get In PMRY?

Under this scheme, the maximum loan amount has been fixed according to the different regions. Under the Prime Minister's Rozgar Yojana, a maximum loan amount of two lakh rupees has been fixed for the service sector and manufacturing sector. The maximum amount that can be paid is Rs 1 lakh for the same business sector and Rs 10 lakh for working capital.

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