To channelise educated unemployed youth into self- employment activities, SEEUY (1983) was launched which was redesignated as PMRY (1993). Individuals and groups within the individual admissibility, may apply for loan.
2. WHO ARE ELIGIBLE
(i) Age – General Candidate : Between 18-35 years
PWDs/SC&ST/Ex-Servicemen/Women : Between 18-45 years.
(ii) Qualification : 8th class pass or above.
(iii) Income : Family income should be less than Rs.40,000/- per annum.
(iv) Should not be defaulter.
3. REQUIRED DOCUMENTS
(a) Attested copy of disability certificate issued by District Medical Board.
(b) Attested copies in proof of educational/technical qualification, age & experience.
(c) Income and permanent residence certificate (at least for three years) from concerned Tahsildar.
(d) Attested copy of caste certificate in case of SC/ST/ OBC.
(e) Proposed project report along with relevant documents as per advice of DIC or its branch (IPO) at block level.
(f) Attested passport size photograph
(g) An undertaking of the applicant in the prescribed form.
(h) Any other document asked by DIC/Bank.
4. HOW TO APPLY
Every year Department of Industry, advertise the scheme in daily newspaper in the month of May-June. The eligible candidate should be vigilant in May-June and should apply in the prescribed
form along with enclosure.
5. WHOM TO CONTACT
General Manager/Project Manager, District Industries Centre (DIC) of your district or I.P.O. of concerned block or District Employment Officer.
PMRY Scheme (1993).
7. QUANTUM OF LOAN
Business Sector : Up to Rs.1.00 lakh
Industry/Service Sector : Up to Rs.2.00 lakh
Group project within : Up to Rs.10.00 lakh
8. RESERVATION & SUBSIDY
|PWDs||Nil||15% or Rs.7500/- whichever is less|
9. RATE OF INTEREST
Prevailing normal rate of interest.
10. REPAYMENT PERIOD
3 to 5 years or period fixed by concerned bank.
11. MARGIN MONEY
Varying from 5% to 16%.
12. COLLATERAL GUARANTY
No collateral guaranty, if
* Service/Business sector loan is up to Rs.1.00 lakh
* Industry sector loan is up to Rs.2.00 lakh
* Group Project loan is up to Rs.5.00 lakh