See the details of Prime Minister Rozgar Yojana; the scheme which applies to the whole country with priorities given as per the geography, economy and community for self- employment.
Prime Minister Rozgar Yojana (PMRY)
About the scheme
Prime Minister Rozgar Yogana is the scheme intended to give employment to educated unemployed youth between 18-35 years of age set up in 1993 by providing financial assistance to create micro enterprises in industry including agriculture and related activities excluding direct farming. Relaxation of age is given to Ex-servicemen, Physically Challenged people, women and SC/ST with 22.5% reservation for SC/ST and 27% reservation for OBCs. The scheme has ...view middle of the document...
15000 is applicable and margin money may vary from 5% to 12.5% of the project cost so as to make the total of the subsidy and margin money equal to 20% of the proposed project.
Units in the industry sector with project cost up to Rs. 2.00 lakhs is exempted from collateral and for partnership projects under Industry sector, the exemption limit for obtaining of collateral security will be Rs. 5.00 lakhs. For projects in service and business sector is exempted from collateral for projects up to Rs. 1 lakh and for partnership project, exemption is applicable to an account of Rs. 1 lakh per person is being scheduled.
The eligible age is between 18 to 35 years for all educated Jobless youth nationwide except North Eastern Region. For (NER) youth from18 to 40 years age and for SC/ST, Phycially Handicapped and Ex-Service Men and Women from 18 to 45 years of age. The qualification norms are relaxed to 8th Standard Passed preferably people trained in some trade from Govt Recognized or Approved Institution for a minimum period of six months who is a permanent resident of the place for a period of three years.
The combined income criteria along with spouse and income of parents shall not exceed Rs. 24,000 annually and for North East Region...