Prime Minister's Rozgar Yojana(PMRY): Punjab

Details of Prime Minister's Rozgar Yojana(PMRY)
Name of the SchemePrime Minister's Rozgar Yojana(PMRY)
Sponsored byCentral Government
Funding PatternRs. 1.00 lakh for business sector. Rs. 2.00 lakhs for other activities, loan to be of composite nature. If two or more eligible persons joins together in a partnership, project upto Rs. 10.00 lakhs are covered. Assistance shall be limited to individual admissibility.
Ministry/DepartmentDepartment of Legal and Legislative Affairs
DescriptionThis scheme has been launched by the Govt. of India in 1993 to provide self employment opportunities to the unemployed youth and women. Under the Prime Minister Rozgar Yojna, loans upto Rs. 1.00 lac for business and Rs. 2.00 lac for Industrial & Agricultural activities are advanced by the Banks to those unemployed Youth and Women who are 18 to 35 and 18 to 45 years of age respectively and whose income (including the income of the parents / spouse) does not exceed Rs. 40 thousand per annum and he should be permanent resident of the area or at least three years but in case o0f married women the residency criteria applies to her husband or in-laws. The educational qualifications for eligibility under the scheme is 8th passed.
Benefit TypeLoan,Subsidy,
Eligibility criteriaAge--- i) 18 to 35 years for all educated unemployed. ii) 18 to 40 for all educated unemployed in North-East States. iii) 18 to 45 years for Scheduled castes/Scheduled Tribes, Ex-servicemen,Physically Disabled and Women. Educational Qualification--- VIII Pass. Preference will be given to those who have been trained for any trade in Government recognized/approved institutions for duration of at least six months. Family Income--- Neither the income of the beneficiary along with the spouse nor the income of parents of beneficiaries shall not exceed Rs. 40,000/- per annum.
How to AvailThe interested candidates should approach the General Manager, District Industries Centre, in the concerned districts they reside.
Validity of the Scheme
Introduced On 15 / 08 / 1993
Valid Upto 15 / 08 / 2023
Reference URL (External website that opens in a new window)

Source: National Portal Co-ordinator  (Punjab, 18-09-2009)