Prime Minister's Rozgar Yojana (PMRY)

iAbout This Scheme

Launched on 2 October 1993 by Prime Minister P.V. Narasimha Rao, PMRY provided bank loans of up to ₹1 lakh to educated unemployed youth for setting up micro-enterprises in manufacturing, service, and business sectors. It targeted young persons between 18-35 years with minimum Class VIII education. PMRY was merged into the Prime Minister's Employment Generation Programme (PMEGP) in August 2008.

🎁Key Benefits

• Bank loans up to ₹1 lakh for business ventures
• 15% subsidy (maximum ₹7,500) on project cost
• 3-year repayment moratorium
• Coverage of manufacturing, service, and trading activities

✅Eligibility Criteria

• 1
  Scheme discontinued — merged into PMEGP 2008
• 2
  Annual family income not exceeding ₹40,000

📝How to Apply

❓Frequently Asked Questions