Pradhan Mantri Rozgar Yojana 2020: Apply Loan for under PMRY

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Prime minister rozgar yojana application form, PMRY registration, upsc PM Rojgar Sheme 2020, प्रधानमंत्री रोजगार योजना Eligibility, Features, Benefits, Application Status Official Website https://dcmsme.gov.in

Pradhan Mantri Rozgar Yojana or PMRY had started by the Central Govt of India to provide sustainable self-employment opportunities to 10 lakh educated unemployed candidates and women of India. PMRY is launched in 1993 which started for the purpose of providing financial assistance in starting one’s own enterprise in the trade, manufacturing, and services sectors.

All the interested candidates who want to apply for the Pradhan Mantri Rojgar Yojana 2020. then before apply you must check the official notification and read the Eligibility details of this Scheme. In this article, we have provided completed Details regarding Pradhan Mantri Rojgar Yojana 2020 like Eligibility details, Benefits of the scheme, how to apply, Application, and much more.

Name of SchemePradhan Mantri Rojgar Yojana (PMRY)
Launched byGovt of India
Name of Department Ministry of Micro, Small and Medium Enterprises
BeneficiariesCitizen of India
BenefitsGet a loan to start your own business
Scheme ObjectiveProvide Employment in Country
Scheme underCentral Government
Name of StateAll India
Post CategoryGovt Scheme
Official Websitedcmsme.gov.in

Documents Required to apply for Pradhan Mantri Rozgar Yojana (PMRY)

  • Identity Proof
  • Copy of the Proposed Project Profile
  • Qualification certificates
  • Technical Certificate
  • Caste certificate
  • EDP Training certificate
  • Driving License
  • Degree
  • Proof of Date of Birth (10th class mark sheet or birth certificate)
  • Residence proof for 3 years (Ration card or other residency Proof )
  • Income certificate issued by MRO

Objectives of PM Employment Scheme 2020

Pradhan Mantri Rojgar Yojana (PMRY)

The main objective of this scheme is to provide financial assistance to unemployed youth of the country by providing loans at low interest by banks to start their own business. In the table below, we have given complete information about the loan amount available under PM Rojgar Yojana 2020.

SectorProject Cost
Business SectorRs. 2 lakh
Service SectorRs. 5 lakh
Industry SectorRs. 5 lakh

Pradhan Mantri Rozgar Yojana – Eligibility

If you are going to apply for Pradhan Mantri Rojgar Yojana, then you have to fulfill the eligibility conditions given below.

Age18-35 years
CollateralNo collateral for project up to Rs.1 lakh
DefaulterThe Candidates Should not be a defaulter to any nationalized bank or cooperative bank or financial institution
Educational Qualification8th class passed
Family IncomeTotal income of the candidates or his family should be less than R.s 40000 per month from all sources.
Interest RateNormal interest rate shall be charged
Repayment ScheduleBetween 3 to 7 years
ReservationSCs/ST, Including women
ResidencePermanent resident of the area for at least 3 years
Subsidy and Margin money15% of the project cost

Modifications in PMRY Scheme

Under this scheme, the upper age limit for SC / ST and women has been increased from 35 years to 10 years.

Earlier the educational qualification for this scheme was 10th grade but later it has been reduced to 8th grade.

The upper cost limit of the project has been increased from 1 lakh to 2 lakh.

Group funding eligibility up to Rs. 5 lakhs

The scheme will cover agriculture and allied activities and will also cover direct agricultural operations, such as manure and its procurement, crop growing, etc.

The upper age limit for the seven northeastern states of India has been increased to 40 years under the PMRY scheme.

Prime Minister Employment Scheme Online Registration Process 2020

If the candidates fulfill the eligibility of the Prime Minister’s Employment Scheme, then you can apply by visiting the official website of this scheme.

How to apply for loan

Project report preparation: For those who want to get a loan to start their business, then they should have complete knowledge about their project.

Apply: After preparing the project report, the applicant has to fill the applicant form and duly attach the required documents and photographs to the DIC and / or local bank along with the project report.Bank approval: After receiving the information letter of selection and allocation of the bank.

Training: After this the selected applicants are called for training.

Grounding of the unit: Now the applicant is financially ready to complete the proposed project.

Grounding of the unit: The loan is to be repaid with interest after commencing commercial production.

How to Apply Online for Pradhan Mantri Rojgar Yojana 2020.

In order to fill Pradhan Mantri Rojgar Yojana Application form 2020, candidates have to follow below given steps.

1st Step: First of all visit the official portal of the Pradhan Mantri Rojgar Yojana i.e. dcmsme.gov.in.

2nd Step: Now on the home page click on the Download PMRY application form.

3rd Step- Now the application form will appear on your screen, take a print out of it.

4th Step- Now fill application form with all required details such as Name, Father name, Aadhar card number, date of birth, gender, mobile number.

5th Step- Now go to the bank and submit your form with all Required Documents.

6th Step- Bank will verify your application form and all documents and after verification, you will get a loan from the bank to start your business.

Official Links

Apply Online For PMRYRegistration
Read About SchemeClick Here
Pradhan Mantri Rojgar Yojana Official WebsiteOfficial Website
PMRY- FAQs


Q. What is the age criteria to apply for PMRY?

Ans. The minimum age limt to apply 18 year and maximam is maximum 35 years. For Applicants of North-eastern states maximum age limit is is 40 years.

Q. What is the minimum Education criteria to apply for Pradhan Mantri rojgar yojana?

Ans. applicants must be minimum 8th class pass.

Q. What is the subsidy offered under Pradhan Mantri Rozgar Yojana?

Ans. 15% of the project cost and maximum of Rs. 7500.

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