Pradhan Mantri Rozgar Yojana 2020 | PMRY Online Application

The state government and the central government are implementing new schemes to create more employment opportunities. One such scheme is named Pradhan Mantri Rozgar Yojana. The Pradhan Mantri Rozgar Scheme was announced in 2019. Under this scheme people who wish to do business in the country will be given loans. Today we will tell you in our article what is the Prime Minister's Employment Scheme and how can you apply.

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Pradhan Mantri Rozgar Yojana 2020

PM Rozgar Yojana (PMRY Loan) | Prime Minister's Rozgar Scheme

Those who want to do business through this scheme will be given loans through banks at low interest rates. Under this scheme you want to do any kind of business. But if you are short of funds, then you can take a loan under the Pradhan Mantri Yojana and start your own business.

Purpose Of This Scheme 

Today, due to lack of money, many people in our country think of doing business of their own, but cannot do it. Apart from this, even if some people try, the interest of business loans taken by private banks becomes a problem for them. In such a situation, people are being given better employment opportunities under PM Rozgar Loan Yojana, in which unemployed people will be given loans to do business at cheap interest rate. This will not only reduce unemployment in the country, but will also make people of the country worth giving instead of taking jobs.

Eligibility for Pradhan Mantri Rozgar Scheme 

  • To avail the scheme, you must be at least 18 years of age and maximum 35 years. For women, ex-servicemen, disabled, SC / ST category people, the age of 10 years has been exempted, that is, they can apply for the next 10 years even after the age of 35.
  • The family monthly income of the person applying the scheme should not exceed 40 thousand.
  • If you have a certificate of technical knowledge of the Prime Minister's Skill Development Scheme, you can still apply to this scheme.
  • The person applying for this scheme must have at least an eighth pension, plus it is mandatory to have a quantum letter of the eighth pass.
  • The person applying has not already taken loan from any government bank
  • If you want to apply, from whichever place you apply, you must have been living there for at least 3 years.

How Much Loan You Can Get Under PMRY Scheme

Under this scheme, the maximum loan amount has been fixed according to the different region. Under the Pradhan Mantri Rozgar Scheme, a maximum loan amount of 2 lakh rupees has been fixed for service sector and industry sector. The maximum amount that can be paid is Rs 1 lakh for the same business sector and Rs 10 lakh for working capital.

Prime Minister's Rozgar Scheme Interest Rate

Under the Prime Minister's Rozgar Yojana, interest is charged according to the instructions issued by the Reserve Bank from time to time. In the current time, if you take a loan through this scheme, then you will have to pay 12 percent interest on 25 thousand rupees and on the amount of 25000 to 1 lakh, the interest rate will be charged 15.5. Apart from this, if the loan amount is high, then the interest rate will be more.

Selection Process Of PMRY

  • The applicants will be interviewed by the district level to select the applicants in the scheme.
  • The form of the applicants who have passed the interview will be sent to the banks for examination and approval.
  • The bank will have the right to decide which applicant will be given a loan under the scheme.
  • After passing all these levels, the acceptance applications will be funded by the bank. Only 15 percent of the loan amount or maximum of Rs 7500 will be given in cash.
  • The interest rate will not be charged if the loan amount is returned within 6 to 8 months. After passing this time, the bank will recover the loan amount along with interest. The loan amount can be given from 3 to 7 years to repay.
  • The applicant will have to invest 5 percent of his business money.

How to Apply For Pradhan Mantri Rozgar Yojana Online

  • To apply for the scheme, you can go to the official site or you can click on this link http://dcmsme.gov.in/publications/forms/pmryform.html
  • After clicking on the link, a form will appear, you fill all the information asked on that form and submit the form.

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