PM Rozgar Yojana
This platform designed for you to provide you the detailed information about PM Rozgar Yojana Scheme. On 15th August1993, Prime Minister of the India had announced a scheme for giving self-Employment to learned unemployed youth in the country. The PMRY Scheme had started on 2nd Oct. 1993 as officially in the country. You can get the full- fledge information about PM Rozgar Yojana Scheme Registration and other relevant details from this web page.
Under the PMRY Scheme loans will be provided by the bank to those unemployed people and Women who are in the age of 18 years to 35 and 18 years to 45 years, up to Rs. 1.00 lakhs for business as well as Rs. 2.00 lakhs for Industrial & Agricultural activities.
Peoples are required to scroll down the page to get whole acknowledgement related to PMRY Scheme, as the main motive of publishing this notification is to give self-Employment to learned jobless Youth in the country. This page is well prepared by the dedicated team members of recruitmentresult.com.
PM Rozgar Yojana
Match your Eligibility Criteria:
What is the essential Qualification?
Peoples should have passed in Matric or ITI passed or having undergone Govt. sponsored technical course for a minimum duration of 6 months.
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Restrictions on age:
The age limit of individual should between 18 years to 40 years (SC/ST – 45 years).
- If anybody wants to be registered under this scheme he/she must be a permanent resident of the area for at least 3 years Document like Ration Card would constitute enough proof for this purpose.
- In its absence any other document should also be produced to the satisfaction of the Task Force.
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The family income of candidates must be up to Rs.40000/- per annum. Any member either spouse or parents earning for the beneficiary of family and this family income from all sources, whether, wages, salary, pension, agriculture, business, rent etc.
Who is Defaulter?
You should not be a defaulter to any nationalized bank/financial institution/co-operative bank.
- Preference will be provided to those individuals who belong to weaker section including women.
- 22.5% reservation for SC/ST and 27% for other Backward Classes (OBCs)
What is the cost of Project?
In case of individuals projects covers up to Rs.1 lakh under this scheme. Peoples are required to know that if two or more eligible and interested contenders join together in a partnership.
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Do you know the Margin Money, Bank Loans and Rates of Interest?
Entrepreneur is required to give 5 percent of project cost as margin money in cash. The remaining balance that is 95 percent would be authorized as composite loan by Bank at the rates of interest applicable to such loans. This will be issued time to time under the guidelines of Reserve Bank of India
Collatoral guarantee on bank loans:
Under this scheme the loans would not require any collateral guarantee however only assets would be hypothecated/mortgaged/pledged to the Bank.
What will be the Subsidy?
At the rate of 15 percent of the project cost, government of India would provide subsidy at subject to a ceiling of Rs.7, 500/- per entrepreneur.
If more than one person join together and set up a project under partnership then their subsidy would be calculated for each partner at the rate of 15 percent of his share in the project cost limited to Rs.7, 500 (per partner).
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How Repayment of Schedule will be changed?
The range of Repayment Schedule would be change after an initial moratorium from3 years to 7 years as this decision is taken by the bank of 6 to 18 months
Training will be compulsory after the loan will sanctioned.
Execution of the Scheme of PMRY Year wise Target and Achievements:
|Sl No||Year||Target||Applications||Sanctioned||Disbursed||Nos. of Benef. Trained||Empl. Gen|
|1||1993 – 94||200||574||199||139||106.29||135||98.92||152||313|
|2||1994 – 95||300||1339||428||307||211.47||288||191.53||316||567|
|3||1995 – 96||550||1622||592||513||356.88||477||296.77||586||687|
|4||1996 – 97||550||1537||635||553||406.12||497||327.37||589||735|
|5||1997 – 98||550||1733||588||524||364.63||464||289.95||415||751|
|6||1998 – 99||550||1699||583||463||341.84||396||247.1||494||538|
|7||1999 – 00||550||2912||609||477||315.47||290||163.37||551||261|
|8||2000 – 01||600||3249||640||417||194.65||179||121.11||549||213|
|9||2001 – 02||2000||3591||1920||1466||977.305||1195||845.694||1714||1267|
|10||2002 – 03||300||3356||334||157||82.5||9||6.49||160||18|
|11||2003 – 04||* 1350|
|12||2004 – 05||* 1400|
Remarks:* Under Implementation
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Want to know Pradhan Mantri Awas Yojana FAQ?
Question: What is Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme?
Answer: Our honourable Prime Minister Shri Narendra Modi has launched Credit Linked Subsidy scheme, for Economically Weaker Section (EWS) and Low Income Group (LIG. This scheme is also be presented for enhancement of a house unit.
Question: Is there any loan amount limit on this scheme?
Answer: No, there is no loan amount limit under this category of loans.
Question: If I have a tiny business, can I avail Home Loan under this scheme?
Answer: Yes, you can easily avail this facility but only in that case if you qualify for the income criteria which will defined under this scheme.
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Question: Who can avail Credit Linked Subsidy Scheme?
Answer: A beneficiary is defined as:
- A family comprising of husband, wife and unmarried children
- Meeting income criteria defined under the scheme.
Question: What are the income norms for EWS and LIG categories?
Answer: The income norms for EWS/LIG categories will be defined as follows:
- EWS households with an annual income up to Rs. 3 Lakh
- LIG households with an annual income between Rs. 3 Lakh to Rs. 6 Lakh
Question: Where can I apply for Credit Linked Subsidy Scheme (CLSS)?
Answer: Under CLSS at any ICICI Bank branch, candidates can apply for Housing Loan.
Question: Do I have to give any additional documents to avail this subsidy?
Answer: If you will be submitted an Affidavit then there will no additional document will be required as income proof, except a Declaration of not owning a pucca house.
For example, the borrower avails a loan for Rs. 8 Lakh and the subsidy works out to Rs. 2,20,000. The amount (Rs. 2,20,000) would be reduced upfront from the loan (i.e., the loan would reduce to Rs. 5,80,000) and the borrower would pay EMIs on the reduced amount of Rs. 5,80,000.
*The above example is for illustration purpose only and will depend on the actual amount received or any changes done by NHB on the same.
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