Pradhan Mantri Rozgar Scheme | Prime Minister's Employment Scheme 2022

Pradhan Mantri Rozgar Yojana is a scheme launched by Prime Minister of India in 2022 , under this Government of India is providing loan assistance to unemployed youth to provide self-employment. Under Pradhan Mantri Rozgar Yojana , unemployed youth of country can start their employment by advantage of this scheme. [ Also Read Pradhan Mantri Samagra Swasthya Yojana 2022 | PM Samagra Swasthya Scheme 2022 | PM Samagra Swasthya Yojana Registration | PMSSY ]

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PMRY Loan Yojana Apply

Pradhan Mantri Rozgar Scheme 2022 is an important scheme of the central government for unemployed youth. Under this scheme, the Government of India will train the youth and help them to start a new business. For which loan will be made available at low interest rate to start the business of unemployed youth. Will be called for training under PMRY Loan. After successful completion of training, the government will provide loan(s) to the applicants. The central government has also launched the official website for the registration of PMRY Loan Yojana 2022 . The main objective of this scheme is to provide loans from banks to unemployed youth and women for self-employment, so that the youth can start their own business. Apart from this, the government will also give them free training for the same. In this article we are providing you all the information related to PM Rozgar Yojana.

Overview of PM Rozgar Yojana

Scheme name	Pradhan Mantri Rozgar Yojana (PMRY 2022)
Initiated	By PM Narendra Modi
Year	2022
Purpose	Loan to start business
Beneficiary	All educated unemployed youth of the country
Purpose	loan at low interest rate
Application Process	online registration
Government	central government schemes
Official website	https://pmrpy.gov.in/

Purpose of PM Rozgar Yojana 2022

The main objective of Pradhan Mantri Rozgar Yojana 2022 is to help unemployed youth of the country to start their work by providing loans. The main objective of the Prime Minister to start this scheme was to reduce the increasing unemployment in the country. Through this scheme, the Prime Minister wanted to bring the educated youth of this country towards progress. And wanted to make unemployed youth self-reliant by giving them employment. Under this scheme, the Prime Minister wanted unemployed youth and young women to start getting encouragement for their business. Under PM Rozgar Yojana , Prime Minister wants to end hunger from the country and help unemployed youth. [ Also Read Pradhan Mantri Samagra Swasthya Yojana 2022 | PM Samagra Swasthya Scheme 2022 | PM Samagra Swasthya Yojana Registration | PMSSY ]

Interest under PM Employment Scheme 2022

Under the Pradhan Mantri Rozgar Yojana , the government will charge different rates of interest on different amounts. whose instructions will be issued by the Reserve Bank from time to time. As per the current instructions, if you take a loan under Pradhan Mantri Rojgar Yojana, you will have to increase the interest rate on ₹25000 at 12% interest, on ₹25000 at 15.5% interest and also on increasing the loan amount.

Important figures to take advantage of PM Rozgar Yojana

Applicant’s age	18 to 35 years
Educational qualification	Minimum 8th class pass
Family income	The annual family income should not exceed Rs.40,000
Rate of interest	The normal rate will be determined by the bank
Loan defaulter	Should not be a defaulter of any National/Private Bank
payback time	three to 7 years
Subsidy and Margin Money	Subsidy will be limited to 15% of the project cost
Collateral	No collateral for projects up to 2 lakhs
Reservation	Weaker Sections (SC/ST) including Women

Eligibility Conditions under PMRY Scheme

Age	For all literate people in the age group of 18 to 35 years
Educational Qualifications	8th pass
Interest rate	simple interest rate
Payment time	3 to 7 years after the moratorium period
Family income	The total income of the beneficiary and the wife and her parents should not exceed 40,000/month
Residence	Resident of that place for more than 3 years
Defaulter	Should not be a defaulter of any nationalized financial institution / bank / co-operative bank
Subsidy and margin money	The subsidy will be limited to 15% of the cost of the project. A person can get a maximum of Rs.7,500. until
Mortgage	1 lakh Rs. There is no need to have any giving for the project till date.
Reservation	Dalits (SC/ST), Women

Changes under PMRY Scheme

Under this scheme, the age limit for SC / ST and women has been increased from 35 years to 45 years, only after that the benefit will be provided to the citizens.
The educational qualification under PMEGP scheme has been reduced from class 10th to class 8th, now citizens with class 8th can get benefits.
It has been told by the Central Government that the maximum limit of cost per project is also Rs. 1 lakh. 2 lakhs increased from Rs. and each group can be given up to a maximum of Rs 5 lakh.
Agriculture and allied activities will be covered by this scheme and direct agricultural work will be added. Such as manure and its purchase, growing crops, etc.

Pradhan Mantri Rozgar Yojana Key Facts

According to this scheme, a subsidy of 10% to 20% will be provided to the beneficiaries by the central government.
The economically weaker sections, unemployed youth and young women can take advantage of this scheme.
Under the Pradhan Mantri Rojgar Yojana, a loan of up to Rs 10 lakh will be provided by the central government to the beneficiaries through banks.
Under this scheme, the annual income of the applicant’s family should not exceed Rs. 40,000.
22.5% reservation will be given to the beneficiaries of scheduled caste and scheduled tribe category and 27% reservation will be given to the beneficiaries of backward class.
The total cost of the business to be started by the youth of the country should not exceed 2 lakhs.

[ Also Read Pradhan Mantri Samagra Swasthya Yojana 2022 | PM Samagra Swasthya Scheme 2022 | PM Samagra Swasthya Yojana Registration | PMSSY ]

Industries to be set up under Prime Minister’s Scheme

Mineral based industries
Engineering and non-conventional energy
Chemical based industries
Clothing industry
Forest based industry
Agro-based and food industries
Service industry

Benefits of PM Rozgar Yojana

Under PM Rozgar Yojana , subsidy of 10% to 20% will be provided to the beneficiaries.
Banks will provide loans up to 100000 from the central government to the beneficiaries through the scheme.
Through this scheme, business will be started to develop unemployed youth.
In order to remove unemployment from the country, Pradhan Mantri Rojgar Yojana 2022 has been prepared by the Government of India and the youth who are currently unemployed should do their business and eradicate unemployment from the country.

Norms and Measures for North Eastern Regions

You will get a subsidy of ₹ 15000 at the rate of 15%.
Margins for providing benefits to citizens may cost the project 5%- 12.5%.
Assistance will be given for the project costing ₹ 200000 for the North Eastern region of India.

Features of Prime Minister’s Employment Scheme

The implementation of PMKY scheme will be done by the central government.
All those beneficiaries will be trained. Those who want to do self employment through this scheme. This training period will be from 15 to 20 days.
Under Pradhan Mantri Rojgar Yojana, women will be given priority for employment.
Under this scheme, through the central government, quarterly, state level and scheme operation will be investigated through PMYR committee.
If you want to cover the project up to Rs.1000000 through the scheme. Then you can take advantage of the scheme by sharing two or more eligible persons among themselves.
Tea gardens, fisheries, poultry, piggery and horticulture sectors have been promoted in the Pradhan Mantri Rozgar Yojana.
All the agencies that will operate this scheme. All those agencies will be in the metropolitan cities of the country.
Reservation for Scheduled Castes and Scheduled Castes has been envisaged under the scheme.

[ Also Read Pradhan Mantri Samagra Swasthya Yojana 2022 | PM Samagra Swasthya Scheme 2022 | PM Samagra Swasthya Yojana Registration | PMSSY ]

Eligibility for applying under Pradhan Mantri Rojgar Yojana

The age of the applicant applying should be between 18 to 40 years.
Under this scheme, the applicant must have passed at least 8 classes.
Applicant should have 3 years permanent residence certificate.
Under Pradhan Mantri Rozgar Yojana , a relaxation of 10 years has been given for women, ex-servicemen, Viking, SC / ST category people, that is, these people can apply for the next 10 years even after the age of 35 years.
The family monthly income of the person applying under this scheme should not exceed 40 thousand.
The applicant should not have taken loan from any bank earlier.

Required Documents

Aadhar card
Income Certificate
Caste certificate
Identity card
Start a business to start
Mobile number
Photo

How to apply in Pradhan Mantri Rozgar Yojana 2022?

To apply in the Prime Minister’s Employment Scheme 2022, you have to follow the steps given below.

First of all you have to go to the official website of Pradhan Mantri Rojgar Yojana. After this the home page of the website will open in front of you.

Thereafter, download the application form from the official website of PMRE. After this, fill all the information asked in the application form like applicant’s name, aadhaar number, mobile number, etc.
After filling all the documents along with the application form, go to the bank from where you want to take the loan and submit it.
Thereafter, the application form and all the documents will be verified by the bank and you will be contacted within 1 week.
After verification of the application form and documents, you will be given a loan by the bank to start your business under this scheme. Your application will be made through this process.

FAQ’s

What is Pradhan Mantri Rozgar Yojana?

PMRY is a scheme announced by the Central Government. Under this scheme the government aims to provide employment opportunities to the educated youth.

What is the objective of this scheme?

The main objective of the Prime Minister is to start this scheme, to reduce the increasing unemployment in the country and to help the unemployed youth of the country to start their work by providing loans.

What are the main documents for Pradhan Mantri Rozgar Yojana?

Documents required for PMRY :-

• Aadhar card
• Income proof
• Caste certificate
• Identity card
• To start a business to start
• Mobile number
• Photo