Pradhan Mantri Rojgar Yojana Apply Online, Eligibility, Benefits

The Pradhan Mantri Rojgar Yojana was launched to provide employment to India’s youth. Under this scheme, unemployed youth can be provided with self-employment opportunities by providing them with loans from banks. To avail this benefit, all literate youth in India between the age of 18 to 35 years can apply for loan under this scheme.

Financial assistance is also being provided to connect educated youth with employment through the Pradhan Mantri Rojgar Yojana. This scheme also provides subsidies on loans received by educated unemployed youth in cities and villages to start their own businesses.

Pradhan Mantri Rojgar Yojana

To provide employment to the educated youth of the country, a unique initiative has been started by the Central Government, named Pradhan Mantri Rojgar Yojana. Its primary goal is to provide financial assistance and training to young people to start their own businesses. This scheme not only helps address unemployment but also promotes economic development through small businesses.

The government also offers a 35% subsidy on loans. If you take out a loan of ₹1 lakh, you’ll only have to repay 65% ​​of the amount; the remaining ₹35,000 will be waived by the government. This scheme provides a strong support to the youth of the country towards economic independence, business success and employment generation.

Eligibility

• The beneficiary must be at least 18 years of age or older.
• The beneficiary must have passed at least the eighth grade.
• The family’s annual income must not exceed ₹40,000.
• The applicant must be a permanent resident.
• Not a defaulter of any bank or nationalized financial institution.

Documents Required for PM Rozgar Yojana

• EDP training certificate
• Driving license
• Copy of proposed project profile
• Qualification, experience, and technical certificates
• Date of birth proof (SSC certificate or TC from school where one studied)
• Proof of residence for three years, ration card, or any other residency proof  
• Income certificate issued by the Mandal Revenue Officer (MRO)
• Caste certificate issued by the MRO if it is applicable 

How to apply for Pradhan Mantri Rojgar Yojana

Step 1 : You need to visit the official website for online application, the website – https://pmrpy.gov.in/

Step 2 : Access the PMRY application form

Step 3 : Download the form

Step 4 : Fill up the application form completely with all the required details

Step 5 : The filled-up application form along with the documents need to be submitted to the designated bank as indicated on the website

Step 6 : Once you have submitted the form and have complied with the documentary requirement the bank starts the loan approval process

Step 7 : After the bank scrutiny of the submitted documents is satisfied, the loan gets disbursed into your account

Step 8 : Banks have the right to call for any additional documents if they feel so

The main objective of the Pradhan Mantri Rojgar Yojana (PM Rojgar Yojana) is to make unemployed youth self-reliant and provide them with self-employment opportunities. This will reduce unemployment and make the youth self-reliant and promote economic development through small industries.

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