Prime Minister Employment Scheme 2024: Pradhan Mantri Rojgar Yojana, launched by the Prime Minister of our country, Shri Narendra Modi, is providing loan assistance to unemployed youth in India, so that they can also become self-reliant by starting their own business. This scheme empowers people to provide necessary financial assistance to those who wish to establish employment.
If you also want to start your own business then Prime Minister Employment Scheme By taking advantage of the Pradhan Mantri Rojgar Yojana, one can access the resources required to fulfill their employment aspirations. If you also want to start your own business and are interested in taking advantage of this scheme, then read this article till the end.
What is the Prime Minister Employment Scheme 2024?
Pradhan Mantri Rojgar Yojana provides a great opportunity to the unemployed youth of India to start their own business, people interested in starting their own business can apply in this scheme and avail its benefits. Through this scheme, the government provides loans to unemployed youth at low interest rates through banks, so that they can start their own business.
Under Pradhan Mantri Rojgar Yojana 2024, priority is given to people of Scheduled Castes, Scheduled Tribes, women and other backward classes. The business started by the applicants should not exceed Rs 2 lakh. If you are also one of those unemployed youth who want to start a small business of their own, the cost of which will be around Rs 2 lakh, then you can apply in this scheme and take a loan at a low interest rate.
What is the objective of Pradhan Mantri Rojgar Yojana 2024?
The main objective of this scheme is to help unemployed youth facing financial difficulties in starting their own business, so that they can also become self-reliant by starting their own business and bring glory to themselves and their families. Through this scheme, the government provides loans to unemployed youth at low interest rates to establish employment.
What are the benefits of Pradhan Mantri Rojgar Yojana 2024?
The benefits available under this scheme are as follows:-
1. Through Pradhan Mantri Rojgar Yojana, loans up to Rs 10 lakh are given to the beneficiaries.
2. A subsidy of 20% is also provided by the government on the loan received under this scheme.
3. This scheme encourages unemployed youth to set up self-employment.
4. Projects upto Rs 10 lakh can be covered by forming partnerships with eligible beneficiaries.
5. Tea plantations, fisheries, poultry and horticulture sectors will be encouraged.
Pradhan Mantri Rojgar Yojana 2024 Interest Rate
Under Pradhan Mantri Rojgar Yojana 2024, the government sets different interest rates for various loan amounts, guided by the instructions of the Reserve Bank. At present, loans up to Rs 25,000 have an interest rate of 12%, while loans from Rs 25,000 to Rs 10,00,000 have an interest rate of 15.5%.
Apart from this, the higher the loan amount, the higher will be the interest rate. These rates are updated from time to time by the Reserve Bank to ensure good loan giving practices.
Eligibility for Pradhan Mantri Rojgar Yojana 2024
To avail the benefits of Pradhan Mantri Rojgar Yojana, applicants must fulfill some eligibility criteria which are as follows:-
1. Only unemployed people can apply in this scheme.
2. Age of applicant should be between 18 to 35 years.
3. The applicant must be at least 8th passed.
4. The applicant must be a permanent resident of a particular area for at least 3 years.
5. The annual income of the applicant family should not exceed Rs 2 lakh.
6. The applicant must have a clean payment record and should not be a defaulter of any financial institution.
Documents required for Pradhan Mantri Rojgar Yojana 2024
To apply in this scheme, the applicant must have all these documents.
1. Aadhar Card
2. Income certificate
3. Birth Certificate
4. Residence Certificate
5. Caste Certificate
6. Passport size photo
7. Mobile number
8. Bank Account Passbook
How to apply for Pradhan Mantri Rojgar Yojana 2024?
Applicants willing to apply in this scheme have to follow the procedure given below.
1. First of all you have to go to the official website of this scheme.
2. After going there, you have to download the application form of this scheme from there.
3. After this you have to take a printout of that application form.
4. Then you have to carefully fill all the information asked in the application form.
5. After filling the information, you have to attach all your documents to the application form and after that you have to go to the bank from which you want to take the loan.
6. After going to the bank, you have to submit the application form.
7. After this, your documents will be verified by the bank and if you are eligible to take a loan under this scheme, then your loan will be approved and the loan amount will be transferred to your bank account.
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