Prime Minister's Youth Employment Scheme Online Application Form

Today we are going to give information about Pradhan Mantri Yuva Rozgar Yojana in our article. How can you take advantage of online Prime Minister’s Youth Employment Scheme.

Prime Minister Narendra Modi has started the Pradhan Mantri Swarojgar Yojana 2020 to give employment to the youth of India, so that I can start my own business i.e. start my business and stand on my feet by taking loans from banks at cheap rates.

now all the youth can start their business by taking loans from banks at cheaper rates. The main objective of Pradhan Mantri Rozgar Yojana is to provide loans to unemployed youth. Whatever youth who want to do their job to get employment, youth can start their business by taking loans from banks at cheap rates.

Prime Minister’s Youth Employment Scheme 2020

To provide employment to unemployed youth, the Pradhan Mantri Yuva Yuva Rozgar Yojana has been launched in 2020. The youth do not take loans from banks and they are not able to start their new business, if the interest rate will be less then all the youth will take loans. And start a new business if the youth of our country stand on their feet.

The total cost of employment to be started by the beneficiaries applying under Pradhan Mantri Rojgar Yojana should be up to Rs 2 lakh. Unemployed youth who want to start their own business but are unable to start due to weak economic conditions can avail this scheme.

Key Points Pradhan Mantri Rojgar Yojana

Parameter	description
Age	18 to 35 years
educational qualification	Minimum 8th grade pass
Rate of interest	Normal rate determined by bank
Payback time	Three to 7 years after initial moratorium time has expired
family income	Annual family income should not exceed Rs 40,000
the residence	The permanent residence of the beneficiary must be at least 3 years old
Loan defaulter	There should not be a loan defaulter of any nationalized financial institution / bank / cooperative bank.
Subsidy and Margin Money	Subsidy will be limited to 15% of the project cost subject to ceiling of Rs. 7,500 per borrower
Collateral	No collateral for project up to Rs.2 lakh
reservation	sections (SCs / STs), including women

Eligibility for Pradhan Mantri Rojgar Yojana

To get the benefit of this scheme you must be between 18 and 35 years of age. 10 years age relaxation is applicable for women, SC / ST, Ex-servicemen and physically handicapped
At the same time, the age limit for citizens of North-Eastern states is 18 to 40 years.
Also you should be a permanent resident of your area for at least 3 years.
The applicant has not taken loan from any bank before
You must have passed at least 8th.
Candidates trained in a government recognized business institution for at least 6 months should have priority.
The total annual income of the applicant along with the spouse and parents should not exceed 1 lakh.

Documents required for PMRY 2020

Aadhar Card
income certificate
caste certificate
identity card
Description of the business to be started
mobile number
Passport size photo

The maximum amount available in different sectors under PMRPY is as follows. There are 2 lakhs in business sector, 5 lakhs in service sector, 5 lakhs in industrial sector also. If there are two or more people involved for the partnership, then a loan of 10 lakh can be obtained.

No guarantee or security is required for projects costing Rs 2 lakh by individuals from the business and service sector. Each partner has been given a discount of up to Rs 2 lakh. Coverage up to Rs 5 lakh per person has been given for Small Scale Industries (SSI).