Which scheme was started in 1993 to create self-employment opportuniti...
Prime Minister Rozgar Yojana (PMRY): It is a scheme started in 1993. The aim of the programme is to create self-employment opportunities for educated unemployed youth in rural areas and small towns. They are helped in setting up small businesses and industries.
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Which scheme was started in 1993 to create self-employment opportuniti...
Prime Minister Rojgar Yojna
Prime Minister Rojgar Yojna was started in 1993 to create self-employment opportunities for educated unemployed youth in rural areas and small towns. Let's understand the scheme in detail.
Objective of the Scheme
The main objective of the Prime Minister Rojgar Yojna was to provide employment opportunities to educated unemployed youth in rural areas and small towns. The scheme aimed to promote self-employment and entrepreneurship by providing financial assistance and support for setting up micro and small enterprises.
Key Features of the Scheme
- Financial Assistance: Under this scheme, financial assistance in the form of loans and subsidies was provided to eligible individuals for setting up their own enterprises. The loans were provided at a subsidized interest rate, making it easier for the beneficiaries to repay the loan.
- Training and Skill Development: The scheme also focused on imparting necessary skills and training to the beneficiaries to enhance their entrepreneurial abilities. This was done through various training programs and workshops.
- Priority to Marginalized Sections: Special attention was given to marginalized sections such as SCs, STs, OBCs, women, and physically challenged individuals. They were given priority in the selection process and were provided additional support to start their own businesses.
- Monitoring and Evaluation: The scheme had a robust monitoring and evaluation mechanism in place to ensure effective implementation. Regular monitoring and evaluation were conducted to assess the progress of the beneficiaries and to identify any challenges they were facing.
- Collaboration with Banks: The scheme collaborated with various banks and financial institutions to provide easy access to credit for the beneficiaries. This helped in facilitating the smooth implementation of the scheme.
Impact of the Scheme
The Prime Minister Rojgar Yojna played a significant role in promoting self-employment and entrepreneurship among educated unemployed youth in rural areas and small towns. It provided them with the necessary financial assistance, training, and support to start their own enterprises. The scheme not only created employment opportunities but also contributed to the overall economic development of these regions.
Conclusion
The Prime Minister Rojgar Yojna, initiated in 1993, was a key government scheme aimed at creating self-employment opportunities for educated unemployed youth in rural areas and small towns. Through its various provisions, the scheme empowered individuals to become entrepreneurs and contribute to the growth of their communities.
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