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YOUTH MUST BE AWARE OF YOUTH CENTRIC SCHEMES
YB WEB DESK. Dated: 11/26/2021 11:55:33 AM
There are a number of schemes which are meant for the unemployed youth. The Pradhan Mantri Rozgar Yojana (PMRY) is initiated by the Central Government of India to provide sustainable self-employment opportunities to 10 lakh educated unemployed youth and women in India. Launched in 1993, PMRY initiated this cause by offering financial assistance in starting one’s own enterprise in the trade, manufacturing, and services sectors. PMRY aims in setting up 7 lakh micro-enterprises through inducting service and business ventures over a period of 2 years 6 months. Small Scale Industries (SSI) uses its vision to utilize local resources, technologies for productive purposes and exploit the local market at the micro level. PMRY is a centrally sponsored scheme with repayment tenure from 3 years to 7 year. Training provided to borrowers for 15-20 days to ensure the setting up of their businesses. The primary body of this scheme is the Development Commissioner (Small- Scale Industries) under the Ministry of Small Scale, Rural and Agro, Industries. Commissioner/Director of Industries implements the scheme at the State level except for the four metropolitan cities of the country. Every quarter, State Level PMRY Committee monitors the progress of the scheme. Implementing agencies of this scheme are the metropolitan cities of the country. To expand their coverage areas of small tea gardens, fishing, poultry, piggery, and horticulture. Easy Equated Monthly Instalments (EMIs) for borrower’s business initialization. The schemes are many but the problem is lack of awareness. People are least aware that the govt sponsored schemes which are meant for the youth. The awareness camps should be initiated by the authorities in various places especially the rural areas so that people get themselves aware of these govt sponsored schemes and avail benefits of these schemes.