PM Rojgar Loan Yojana: If you also do not like to work under anyone and want to start your own business, then you can take the help of Pradhan Mantri Rozgar Loan Yojana. If you do not have enough money to start your own business then you can take advantage of this scheme and start your business. This scheme has been launched by the Central Government to encourage those people who want to start their own employment. Prime Minister Employment Loan Scheme can prove to be an important step for the common people.
Central government started Prime Minister Employment Loan Scheme
If you also want to get more information about this scheme, then stay with us till the end. We are providing you all the information related to the scheme so that you can easily apply under the scheme and avail the benefits. Any person who wants to start his own business can take advantage of this government scheme. Through this scheme, the government provides loans at low interest rates through banks to set up their business.
Youth will be able to become self-reliant by taking advantage of the scheme
This scheme has been run by the government so that the youth can become self-reliant and stand on their own feet. This government scheme provides financial assistance to the unemployed youth of the country to help them start businesses. Under this scheme, you can take loan at low interest rate and start your own business. In such a situation, this is a great initiative of the government for the youth. Under this scheme, priority is given to (SC), (ST), women and Other Backward Classes (OBC). To avail the benefits of this scheme, it has to be kept in mind that the total cost of the business should not exceed Rs 2 lakh.
Government provides loan up to Rs 10 lakh
Through this scheme, the government provides loans up to Rs 10 lakh at low interest rates through banks to set up their business. That means, under this scheme, you can take a loan up to Rs 10 lakh to start your business. The interest rate is fixed at 12% to 15.5% according to the loan amount. Although it also keeps getting updated from time to time. According to PMRY rules, after starting the business, the bank gives 3 to 7 years time to repay the loan. In this, the benefit of subsidy ranging from 10% to 20% is also provided.
प्रधानमंत्री बेरोजगारी भत्ता योजना
Necessary eligibility to avail the benefits of the scheme
- The age limit of the applicant should be between 18 to 35 years.
- The age limit for Scheduled Caste/Scheduled Tribe and women has been increased from 35 years to 45 years while in seven north-eastern states of India the age limit has also been increased to 40 years.
- The applicant must have passed at least 8th class.
- The applicant must be a permanent resident of a specific area for at least 3 years.
- The total income of the applicant’s family including his/her spouse should be between Rs 40,000 to Rs 1 lakh.
- The payment history of the applicant should be good.
Documents for the scheme
- driving license
- Aadhar card
- EDP Training Certificate
- Profile of Proposed Project
- Experience, Qualification, and some other certificates
- SSC Certificate for Certificate of Birth
- Ration card or other proof of residence
- Income certificate issued by MRO (Divisional Revenue Officer)
- cast certificate
Prime Minister Employment Loan Scheme How to apply
- To apply for the scheme, first apply for PMRY. official website will go on.
- Now you will have to download the application form from the website and enter correct information in it.
- Now the form will have to be submitted in the bank which is listed under PMRY (Pradhan Mantri Rozgar Yojana).
- The information filled in your form will be verified by the bank.
- Once everything is correct, the concerned bank will contact you.
