Prime Minister Rojgar Yojana

The scheme that was started in 1993 to create self-employment opportunities for educated unemployed youth in rural areas and small towns is the Prime Minister Rojgar Yojana. This scheme aimed to address the issue of unemployment among educated youth by providing them with financial assistance to start their own ventures.

Key Features:

1. Financial Assistance: Under this scheme, educated unemployed youth were provided with financial assistance in the form of loans to start their own businesses or enterprises. The loans were provided at concessional rates of interest to make it affordable for the beneficiaries.

2. Target Group: The scheme specifically targeted the educated unemployed youth in rural areas and small towns. It aimed to provide them with opportunities for self-employment and entrepreneurship, thereby reducing the dependence on the limited job opportunities available in these areas.

3. Selection Process: The selection of beneficiaries for the scheme was done through a screening process. The interested candidates had to submit their business proposals, which were then evaluated based on various criteria such as feasibility, viability, and potential for generating employment.

4. Training and Support: In addition to financial assistance, the scheme also provided training and support to the beneficiaries. The selected candidates were given training in entrepreneurship development, business management, and other necessary skills to help them set up and run their businesses successfully.

5. Monitoring and Evaluation: The implementation of the scheme was monitored and evaluated to ensure its effectiveness and impact. Regular follow-ups and reviews were conducted to assess the progress of the beneficiaries and provide them with any necessary support or guidance.

6. Employment Generation: The main objective of the Prime Minister Rojgar Yojana was to promote self-employment and generate employment opportunities in rural areas and small towns. By encouraging entrepreneurship and supporting small-scale businesses, the scheme aimed to create sustainable livelihoods for the educated unemployed youth.

Conclusion:

The Prime Minister Rojgar Yojana, started in 1993, was a scheme designed to create self-employment opportunities for educated unemployed youth in rural areas and small towns. By providing financial assistance, training, and support, the scheme aimed to promote entrepreneurship and generate employment opportunities for the target group. The scheme played a significant role in empowering the youth and reducing unemployment in these areas.