Prime Minister's Rozgar Yojana (PMRY) – UPSC Notes
PMRY was launched in 1993 by the Ministry of Skill Development and Entrepreneurship to generate self-employment opportunities for educated unemployed
Prime Minister's Rozgar Yojana (PMRY) Introduction The Prime Minister’s Rozgar Yojana (PMRY) was launched in 1993 by the Ministry of Skill Development and Entrepreneurship to generate self-employment opportunities for educated unemployed youth in India. The scheme aimed to provide financial assistance to set up micro-enterprises in the manufacturing, service, and trade sectors . Objectives of PMRY Promote Self-Employment – Encourage unemployed youth to become entrepreneurs. Support Small Businesses – Provide financial support for small-scale industries. Skill Development – Train youth in business management and entrepreneurship. Reduce Unemployment – Generate employment by assisting new businesses. Eligibility Criteria Age Limit: 18 to 35 years (for general category). 18 to 45 years (for SC/ST, women, and physically disabled persons). Educational Qualification: Minimum 8th standard pass . Family Income Limit: Combined income of the applicant and parents should not exceed ₹1 lakh per annum . Residenc…