A PROJECT REPORT

ON

Pardhan

Mantri Rojgar Yojna

SUBMITTED IN PARTIAL FULFILLMENT OF THE DEGREE OF

B.COM PROFESSIONAL IN SEMESTER SIXTH OF PUNJABI UNIVERSITY
PATIALA

SUBMITTED TO:

SUBMITTED BY:

Asst. Prof.Kiran Sood

Rahul kumar
Roll No. 4464

RIMT ACADEMIC COLLEGE, MANDI GOBINDGARH

AFFILIATED TO PUNJABI UNIVERSITY, PATIALA
ACADEMIC SESSION (2015-2016)

DECLARATION
I Rahul kumar have completed the project titled Pardhan Mantri Rojgar Yojna
under the guidance of Asst. Prof. Kiran Sood and Asst. Prof. Rozy Bhardwaj in
partial fulfillment of the requirement for the award of degree of Bachelor of
Commerce. This is an original piece of work and I have neither copied nor
submitted it earlier elsewhere.

Rahul kumar

ACKNOWLEDGEMENT
It is my pleasant privilege to express my heartiest gratitude and indebtedness to
those who have assisted me towards the completion of my project report. The
project wouldnt have seen the light of day without the help and guidance of many
people. I take an opportunity to convey my deepest gratitude to all those
individuals.
I would like to thank my project coordinator Asst. Prof. Rozy Bhardwaj, who
has supported me with the valuable insights into completion of this project. Their
unforgettable, positive approach and freehand acumen made this project possible

Rahul kumar

Index
S.No

Particular

Page no

1.

Introduction of PMRJ

2.

Objectives

3.

Operational guidelines

10-12

4.

PMRY loan for yuva

13-14

5.

How to apply PMRY from 2016

15

6.

Conclusion

16

7.

Bibliography

17

2-9

PRIME MINISTERS ROZGAR YOJANA (PMRY)

GENERAL FEATURES
Introduction
Prime Minister's Rozgar Yojana was launched on 2nd October
1993 to assist educated unemployed youth to set up self-employment
ventures. The scheme targeted for setting up of nearly 7 lakh enterprises
and consequent employment generation to more than one million
educated unemployed youth in the last four years of the 8th Five Year
Plan.
Initially, the scheme was implemented only in the urban areas of the
country.
Since 1994-95, it is in operation in both urban as well as rural areas. The
scheme continued in the 9th Five Year Plan with the plan target of 11.00
lakh beneficiaries with annual target of 2.20 lakh beneficiaries. The
PMRY is continuing in the 10th Five Year Plan also with the plan target
of 11.00 lakh beneficiaries.
Common Minimum Programme (CMP) of the UPA Government
envisages creation of additional employment opportunities in the rural
non-farm sector. Accordingly, the target for the year 2004-05 & 2005-06
under the Yojana has been enhanced from 2.20 lakh beneficiaries to 2.50
lakh beneficiaries per annum.

Objective
The PMRY aimed to provide employment to more than a million persons
by setting up of 7 lakhs micro enterprises by the educated unemployed
youth during the last four years of VIII Five Year Plan i.e. 1993-94 to
1996-97. The Scheme has been continuing in the X Five Year Plan. It
relates to the setting up of the self employment ventures in all
economically viable projects (except direct agricultural operations). The
Scheme also seeks to associate reputed non-governmental organisations
in implementation of PMRY Scheme especially in the selection, training
of entrepreneurs and preparation of project profiles.

Target Group/Eligibility
1. Age: i) 18 to 35 years for all educated unemployed.
ii) 18 to 40 for all educated unemployed in North-East States, Himachal
Pradesh, Uttaranchal and J&K.
iii) 18 to 45 years for Scheduled Castes/Scheduled Tribes, Exservicemen, Physically Disabled and Women.

2. Educational Qualification: VIII pass. Preference will be given to

those who have been trained for any trade in Government
recognised/approved institutions for duration of at least six months.

3. Family Income: Neither the income of the beneficiary along with

the spouse nor the income of parents of the beneficiaries shall exceed
Rs.40,000/- per annum.

4. Residence: Permanent resident of the area for at least 3 years.

(Relaxed for married men in Meghalaya and for married women in rest
of the country. For married men in Meghalaya and for married women in
rest of the country, the residency criteria applies to the spouse or in-laws.

5. Defaulter: Should not be a defaulter to any nationalized

bank/financial institution/co-operative bank. Further, a person already
assisted under other subsidy, linked Government schemes would not be
eligible under this scheme.

6. Activities Covered: All economically viable activities including

agriculture and allied activities but excluding direct agricultural
operations like raising Crop, purchase of manure etc.

7. Project Cost: Rs.1.00 lakh for business sector. Rs.2.00

lakh for other activities, loan to be of composite nature. If two or more
eligible persons join together in a partnership, project upto Rs.10.00 lakh
are covered. Assistance shall be limited to individual admissibility. Self

Help Groups can be considered for assistance under the

Scheme provided:

Educated Unemployed Youth satisfy the eligibility criteria laid down

under the Scheme volunteer to form SHG to set up self-employed
ventures (Common Economic Activity).

 A Self Help Group may consist of 5-20 educated unemployed youth.

No upper ceiling on loan.

Loan may be provided as per individual eligibility taking into account

requirement of the project.

SHG may under take common economic activity for which loan is
sanctioned without resorting to onward lending to its members.

Subsidy may be provided to the SHG as per the eligibility of

individual members taking into account relaxation provided in North
Eastern States, Uttaranchal, Himachal Pradesh and Jammu & Kashmir.

Required margin money contribution (i.e. subsidy and margin to be

equal to 20 per cent of the project cost) should be brought in by the SHG
collectively.

The exemption limit for obtention of collateral security will be

Rs.5.00 lakh per borrowal account for projects under Industry Sector.
Exemption from collateral will be limited to an amount of Rs.1.00 lakh
per member of SHG for projects under Service & Business Sectors.
Banks may consider enhancement in limit of exemption of collateral in
deserving cases.

 Implementing agencies may decide necessity of predisbursal training

for all the members/majority of the members of the group.

8. Subsidy & Margin Money: i) Subsidy will be limited to 15% of

the project cost subject to ceiling of Rs.7,500/- per entrepreneur. Banks
will be allowed to take margin money from the entrepreneur varying from
5% to 16.25% of the project cost so as to make the total of the subsidy
and the margin money equal to 20% of the project cost.
For North Eastern States, Himachal Pradesh, Uttaranchal and J&K.
ii) Subsidy @ of 15% of the project cost subject to a ceiling of
Rs.15,000/- per entrepreneur for north-eastern States, Himachal
Pradesh,Uttaranchal and Jammu & Kashmir. Margin money contribution
from the entrepreneur may vary from 5% to 12.5% of the project cost so
as to make the total of the subsidy and the margin money equal to 20%
of the project cost.

9. Collateral: No collateral for units in industry sector with project cost

upto Rs.2.00 lakh (the loan ceiling under the PMRY). For partnership
projects under Industry Sector, the exemption limit for obtention of
collateral security will be Rs.5.00 lakh per borrowal account. For units
in service and business sector no collateral for project upto Rs.1.00 lakh.
Exemption from collateral in case of partnership project will also be
limited to an amount of Rs.1.00 lakh per person participating in the
project.

10. Rate of interest & repayment: Normal rate of interest shall be

charged. Repayment schedule may range between 3 to 7 years after an
initial moratorium as may be prescribed.

11. Reservation: Preference should be given to weaker sections

including women. The scheme envisages 22.5% reservation for SC/ST
and 27% for Other Backward Class (OBCs). In case SC/ST/OBC
candidates are not available, States/UTs Govt. will be competent to
consider other categories of candidates under PMRY.

12. Training: Each entrepreneur whose loan is sanctioned is provided

training as per details given below:
i) For industry sector: Duration: 15-20 working days.
Stipend: Rs.300/-.
Training expenditure: Rs.700/-. Per beneficiary

ii) For service & business sector:

Duration: 7-10 working days.
Stipend: Rs.150/- Per beneficiary
Training expenditure: Rs.350/-.

13. Implementing Agency: The District Industry Centres and

Directorate of Industries are mainly responsible for implementation of
the Scheme along with the banks.

14. Implementation :
The district being well established geographical unit for many
programmes the coordinated implementation of the programme is
undertaken at the district level. The educated unemployed youth
are expected to apply to the District Industries Centre/Directorate
of Industries/O/o the Dy. Commissioner of their districts.
Preliminary screening is done by a District Level Task Force
Committee/Block Level Task Force Committee/Mandal Level Task
Force Committee.
At district level, Task Force comprises of a Chairman who is a
senior officer of the implementing agency preferably head of the
agency e.g. General Manager of District Industries Centre,
Director, in case of SISI, Addl. Director of Industries in case of
Directorate of Industries, or Dy. Commissioner of the District.
Other members of the Task Force are representatives of
1. Lead bank.
2. Two leading Banks.
3. District Employment Officer.
4. One member each from DIC/SISI (Other than the implementing
agency).
5. One officer as a member secretary to be nominated by the
chairman of the Task Force.
6. Chairman may co-opt one or more members from reputed nongovernmental organisations.
To ensure that the welfare of the women is taken care of, State and
UTs have been instructed to invite one woman associated with the

welfare of women in the meeting of the District Task Force

Committee.
Besides, the lead bank and the leading banks, other implementing
banks should be invited to attend the District Task Force
Committee meetings on rotational basis.
Implementation of the scheme involves identification of
beneficiary, Selection of specific avocations, identification of the
support system required by the beneficiary,- escort service and
close liaison with the banks and other local agencies concerned
with industry, trade and service sectors. The Task Force is
responsible for (i) motivating and selecting the entrepreneurs, (ii)
identifying and preparing schemes in industry, service and
business sectors, (iii) determining the avocations/ activities (iv)
recommending loan (v) getting speedy clearance, as necessary
from the authorities concerned.

15. Monitoring :
The Scheme is being monitored at district level by District PMRY
Committee, at State / UT level by State/UT PMRY Committee and
at Central level by High Powered Committee under the
Chairmanship of Secy. (SSI & ARI).

16. Involvement of Non-Governmental Organisations :

State/UT Governments may involve reputed Non-Governmental
Organisations, Chambers of Commerce and Industry, Trade and
Industry Associations etc., right from the identification, motivation
and selection of beneficiaries by nominating them in the Task
Force, preparation of project profiles. They can also help the
borrowers in proper management of the assets, marketing of the
products, repayment of loan installments etc. Training of
beneficiaries is another area where they can play a very useful role.
State/UT Governments should work out the methodologies to
associate the reputed NGOs in a manner, which will bring the
scheme to the doorstep of the potential beneficiaries. Industry
Associations should also be requested to urge their members to
adopt at least one unit and act as mentor.

OPERATIONAL GUIDELINES
Immediately on receipt of targets from the Central Government,
State/UT Governments would convey district wise targets to each
district. During the year 1993-94, it was proposed to cover 40,000
beneficiaries under PMRY in urban areas only. Since 1994-95 the
scheme has been continuing with annual plan target of 2.20 lakhs
persons. The target for 20054-05 has been enhanced to 2.50 lakh.
1. Basic Target are distributed by giving 50% weightage to population
and 50% weightage to the educated unemployed youth registered in
the Employment Exchanges of the State/UT. Additional targets are
also allocated to States/Uts depending upon the (a) past performance
of the State/UT, (b) special need of the State/UT, (c) Assurance to
address to loan recovery, (c) other issue like furnishing of utilisation
certificates etc.
2. The Task Force would invite applications in Prescribed Form from
eligible persons through advertisements in local newspapers. Bank
branches have also been authorised to receive applications directly
under the scheme. Publicity would also be given by display on Notice
Boards in the Banks and BDO's offices. (Prescribed application form
is an indicative one and can be suitably modified if need be, in the
District Level Bankers Committee).

3. The applicant is required to submit application form duly filled along

with an Affidavit on plain paper.

4. These applications will be approved by the District Task Force

Committee and would be recommended to the concerned bank branches.
The names of the beneficiaries approved by the Task Force would be
displayed on the Notice Board in the office of the Chairman of the Task
Force immediately after the meeting.
5. All the cases received by the Branch Managers after recommendation
by the Task Force Committee would be disposed of expeditiously.
6. The successful applicants are required to submit the Affidavit
on the relevant no judicial stamp paper (Value being determined as may
be applicable to the concerned state). The affidavit should be duly
attested by a Notary and not by the Oath Commissioner.
7. Training Institutions should be identified and modules for
training should be kept ready by the time the loan is sanctioned by banks.
8. As soon as the cases are sanctioned intimation will be sent to DICs etc.
(i.e. implementing agency) by the banks so that training activity can
start.
9. In order to ensure that the desired results are achieved all activities
should be completed in a time bound manner and difficulties
experienced should be sorted out in the District PMRY Committee.
10. State/UT Governments may provide necessary infrastructure support
like provision of industrial sites, shops, water on preferential basis to
these entrepreneurs. Provisions of sites and sheds at concessional rate
to service ventures in urban areas will be essential for the success of
service ventures. Many State/UT Govts. are providing various tax
concessions and incentives under their Industrial policy. Such
concessions should also be extended to the beneficiaries under the
scheme.

Pradhan Mantri Rozgar Yojana Loan For Yuva

The District, being a well-instituted environmental component for
numerous State/ Central endorse mental program, is the essential
component for the accomplishment of the Prime Ministers Rozgar
Yojana. In the entire districts, District Industries Centre (DIC) is the
realizing organization except for in the municipal cities of Kolkata,
Mumbai & Chennai where the Directorate of Industries is the executing
society beneath the method. In Delhi, the submissions are established in
the workplace of the Deputy Commissioner of the personal regions. The
countryside agencies, in discussion with the banks of the particular
areas, are accountable for the formulation of self-employment diagrams,
their accomplishment and examining the general management of the
District PMRY agency. The Yojana is being observed & channeled at
district echelon by the District PMRY commission beneath the
Chairmanship of District Collector/Deputy administrator. The
Committee is obligatory to assemble at least one time in a month & send
journal advancement statement in the arranged proforma to the
Directorate of Industries of the troubled State/UT. The procedure
purpose for the commencement of virtually 7 lakh attempts &
consequent employment construction to added than one million wellnotified unemployed youth in the earlier four years of the 8th Five Year
illustration.

How to apply Pradhan Mantri Yojana Form 2016?

The final process of Pradhan Mantri Yojana Form is simple and easy,
because now-a-days all Pradhan Mantri Yojana Form fill up online. As
you decide to apply application form for Pradhan Mantri Yojana 2016
2017, then just browse the official PMO website of scheme, then select
scheme what you want to apply and fills both personal and financial
information, it can download from Pradhan Mantri Scheme (Yojana)
official website. The application form status must check. What you
should check before applying for Pradhan Mantri Yojana 2016 2017?
Many things should know before making decision. Every final decision
should be right step so real full information what is mentioned in
Pradhan Mantri Yojana notification on official website. Read carefully
about eligibility, location, date and time of scheme and qualification for
scheme and documentations requirement what you have to provide as a
proof or after selecting your name for particular PM Scheme 2016
2017.

CONCLUSION

Number of development programmes have been formulated and

implemented in the country, after Independence, for eradicating poverty
and to uplift the socio economic status of the people through the
generation of employment opportunities. Though some of such
programmes could produce the expected result to a certain extent, others
were far beyond the reach. For a better result, special programmes for
the generation of employment opportunities should be formulated
on the basis of size and magnitude of unemployment in the urban and
rural areas and for the educatedunemployed and other unemployed.
Prime Minister's Rozgar Yojana is a new programme launched in 1993
for the generation of employment opportunities among the educated
unemployed in urban and rural areas.

BIBLIOGRAPHY

1.Agarwal, R.C., Fundamentals of Entrepreneurship, Lakshmi Narain

Agarwal, Agra, 2005.
2.Akohouri MMP., Training for entrepreneurship and self employment,
New Delhi, Mittal Publications, 1999.
3.Anshuja Tiwari and Sanjay Tiwari, Women Entrepreneurship and
Economic Development, Sarup and Sons Publishers, New Delhi, 2010,
pp. 45-48.
4.Asha Patil and Anuradha Mathu, Women and Entrepreneurship Issues
and Challenges, Kalpaz Publications, New Delhi 110 052, 2007.
5.Babita Agarwal, Indian Women A Giant Power, ABD Publications,
Jaipur, India, 2008.
6.Batra, G.S., Development of Entrepreneurship, Deep & Deep
Publications Pvt. Ltd., New Delhi, 2002.
7.Deshpande, Manohar, U., Entrepreneurship Development of Small
Scale Industries, Deep & Deep Publications, New Delhi, 1984.
8.Dhana L.P, The Education and Training of Entrepreneurs in Asia,
Education Training, Emerald Group publishing Limited Vol. 43, Nov. 8,
2001, PP.405-416, 2001.
9.Dhanuja, S.K., Women Entrepreneurs Opportunities, Performance,
Problems, Deep and Deep Publication Pvt. Ltd., F-159, Rajouri Garden,
New Delhi 110 027, 2002