See the details of Prime Minister Rozgar Yojana; the scheme which applies to the whole country with priorities given as per the geography, economy and community for self- employment.
Prime Minister Rozgar Yojana (PMRY)
About the scheme
Prime Minister Rozgar Yogana is the scheme intended to give employment to educated unemployed youth between 18-35 years of age set up in 1993 by providing financial assistance to create micro enterprises in industry including agriculture and related activities excluding direct farming. Relaxation of age is given to Ex-servicemen, Physically Challenged people, women and SC/ST with 22.5% reservation for SC/ST and 27% reservation for OBCs. The scheme has been in operation since 2nd October ,1993.
Objective of the scheme
The basic objective of the scheme was to employ one million educated unemployed people to start micro industries in rural and urban India as a self-employment scheme by linking NGOs..
Coverage of the scheme
The coverage of the scheme is presently for educated unemployed urban and rural India.
Financial Inclusions
For Business Activities, loan up to Rs. 1 Lakh & for Other Activities, loan up to Rs. 2 Lakhs. More than 1 person participation as a partnership entity in the project will be sanctioned Rs. 10 Lakhs with a credit appraisal drawn on individual capacity. Government subsidy will be to the tune of 15% of the overall project cost with a cap of Rs. 7500/- per person. Rate of Interest is applicable as per the nominal PSU bank rates with a moratorium of 6 months to 18 months calculated and thereafter a repayment period from 3 years to 7 years shall be applicable. The calculation of margin money and subsidy shall not exceed 20% of the project cost and clauses to draw margi...
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...0 days with a stipend of Rs. 150 is given by the government. Training expenditure allowed may vary from Rs. 700 to Rs. 350 respectively.
Agency for Implementation & Action Plan
The District Industry Centers and the Directorate of Industries and Public Sector Banks are responsible for Implementation of the Scheme. The implementation of action plan involves identification of young entrepreneurs, screening of economic activities, setting up of necessary infrastructure, follow-up service with banks, local authorities, industry etc.
References:
http://www.msmedihimachal.nic.in/primeministeryojna.html http://megindustry.nic.in/citizen2.htm http://industries.bih.nic.in/Archive/PMRY_English.pdf http://msme.gov.in/chapter%2010-eng_200708.pdf http://delhigovt.nic.in/newdelhi/dept/district/da2a.asp
http://www.indianyojana.com/rojgar-yojana/prime-minister-rozgar-yojana.htm
The main concern about the promotion would be the support by the government. Since this scheme involves great amount of money and human resources, it is essential that the government would give a helping hand to this issue in order to obtain a remarkable outcome.
Federal Ministry of Food, Agriculture, and Consumer Protection. Federal Ministry of Food, Agriculture, and Consumer Protection, . Web. 30 Oct 2011. .
only dedicated workers to apply for this program. That is exactly why this program should be
...t capable of loaning funds from their accounts. In addition to this, there are limited selections pertaining to this investment option. The participant that is contributed by a participant should not exceed $11,500 dollars as well. The entire system is not complicated which makes it ideal for everyone. It is even considered one of the best features it possesses. Yet, the liabilities are usually shared by both parties. With this option, both the employer and employee could enjoy the same perks and benefits.
If the federal government support the small business financially, this may result in more prospurity, and co9vergae of clinical shortage . It is important to assign deligates to persuave some banks to l begin accepting applications from financial institutions who are interested in becoming Community Advantage lenders. It is essential to lobby the government to join thousands of partnerships , and focus on health,, education and welfare. The role will be more effective if we expand the partnership globally. global funding. Global funding can be significant in building program targeting HIV/AIDS, malaria and tuberculosis that are high risk from these diseases. Our focus should be focused on human development and not on energy development.
receive bank financing for this new entity of HKD 2.3bn as a Delay Draw Term Loan (“DDTL”) plus HKD
This is necessary as the vast majority of individuals migrating from rural to urban centers has been steadily increasing with the level of economic growth seen within the past twenty years as mentioned earlier. Unfortunately, this situation has further shown the structural issues and inequalities of cities, as most migrants end up having a poor quality of life living in informal settlements as highlight substantially by Boo. As a means of tackling this, however, the Indian government has turned its focus on investing rural regions, developing the agricultural sector. Specifically, Boo mentions that “the prime minister, Manmohan Singh, had come down from Delhi to express his concern for the farmers’ hardships, and the central government’s determination to relieve it” (p. 138). While this is definitely important funds are not being divided justly. For starters, between rural and urban areas almost all investments are being targeting towards rural regions, which is only addressing issues of inequality in one section of the country. Furthermore, across rural areas inequalities of investment are quite often overlooked. Although, “one of the governments hopes was to stop villagers from abandoning their farms and further inundating cities like Mumbai, but Asha’s relatives knew nothing of these celebrated relief programs” (p. 138). Therefore, even though
With the due implementation, the researcher has to continuously monitor the action plan. In addition, there should be a measurement and evaluation of the action plan. The researcher has to be vigil in measuring the action plan through small surveys and observation and evaluate with unbiased parameters and try to make a stand on his research interest or topic understanding.
...ricultural Sector (% of Total Nonagricultural Employment)." Data. N.p., n.d. Web. 03 Feb. 2014. .
Microcredit can be defined as small loans, or microloans, for people around the world in extreme poverty to help spur entrepreneurship. The issue of microcredit is extremely important in the world’s economy. Poverty alleviation and economic development are the primary goals of microcredit programs, that is why they began in the developing countries of Asia and Latin America, economist Muhammad Yunus and his Grameen Bank in Bangladesh are credited of pioneering this financial innovation (Smith, Thurman, 2007). After acquiring a loan, impoverished people get involved in self-employment projects that help them to start a business and begin generating income and in many cases leave poverty. Microcredit offers loans to poor people without requesting any financial history from them. These loans help to improve the quality of life of individuals and communities through commitment. In recent years, the idea of giving small loans to poor people became the darling of the development world, giving a way to propel even the poorest people into better lives (Jolis, 2011).
As a massive provider of consumer goods in India, Hindustan Lever Limited (HLL), is attempting to penetrate the rural markets where there is a massive opportunity for growth. HLL’s current operating sectors are becoming increasingly competitive and crowded. Their best opportunities now lie in developing new markets and rising to the top of that market. They are attempting to do this with a program for developing entrepreneurs, named Shaktis. Met with initial success the program now needs to grow without increasing costs.
Female work participation rate is less than the male work participation. Female workers get work for earning only in a particular seasons of the year and so they remain unemployed or without any job or business through the rest year. In primary sector the female workers can get a less amount of wage. In some cases the guardians do not send their female members to work outside their home because of their superstation thinking. The female worker is not so efficient in any kind labourers work as a male worker. So the employers prefer male worker to female worker. In the study area female workers are also bound to look after their households. They have many duties and responsibilities to execute. So they can not invest enough time in a labourers work. So they are not so preferred by the employers. For all these gender disparity in work participation rate is on increasing day by day. It has a bad impact on female society so their empowerment decreases. They are lagging behind from being self depended. They are to depend on male and so sometimes they become the victim of negligence. Their education is not done properly. Poverty and malnutrition are also handing their life. In this region the female work participation both main and marginal, shows a very disappointing trend. In the year 2001 the female work participation rate has lessened to a lamentable degree. In order to reduce the gender discrimination in work participation rate, the equal distribution of occupational facilities among the both gender should be provided.
Inspired by the Nationwide call of Mahatma Gandhi ‘March towards Village,’ People’s Institute of Rural Development - PIRD was established in the year 1983. PIRD is working for landless labour, poor farmers, child labour & women groups related to rural development programmes. Campaign against child labour and education for child labour are also our major programmes.
The business plan will also be useful in facilitating the adoption of a strategy that will help the business prosper in the modern market. The plan will be a critical tool that will help in the production of a reliable strategy for attaining the goals and objectives. The proposed business plan will be implemented in three years time. Within the first three years, the business i...
Krishnaraj, Maithreyi. 2006. “Food Security, Agrarian Crisis and Rural Livelihoods.” Economic and Political Weekly 41 (52): 5376-5388.