Prime Minister’s Rozgar Yojana

The scheme of "Prime Minister’s Rozgar Yolanda (PMRY) inter-alia aims at providing self employment opportunities to educated unemployed youth and was launched as a centrally sponsored scheme during 1993-94. The target beneficiaries are educated unemployed youth in the age group of 18-35 years having minimum educational qualification of VIII standard passed or undergone any Government sponsored training course for a minimum duration of 6 months and with a family income not exceeding Rs.40,000/- per annum. Relaxation of 10 years for SC/ST, Ex-servicemen, physically handicapped and women beneficiaries are provided under the scheme. Applicants should be residents of the area for atleast 3 years. The Government of India will provide subsidy at 15% of the project cost subject to a maximum of Rs.7,500/-. The total percentage of margin money and subsidy should not exceed 20%.

Selected candidates are provided with financial assistance upto Rs.1.00 lakh for business and Rs.2.00 lakhs for industry service depending upon the activity, by the Commercial banks. A district level Task Force Committee has been constituted to identify and select beneficiaries, comprising of DIC officers and representatives of Commercial Banks.

After sanction, before disbursement of the sanctioned amount, the beneficiaries are given training/ orientation in entrepreneurship, accountancy and basic managerial inputs through a 10-20 days Entrepreneurship Development Program (EDP).

For further details, please contact the nearest District Industries Center.