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Pradhan Mantri Rozgar Yojana (PMRY)

Pradhan Mantri Rozgar Yojana (PMRY) is the Central Government of India Scheme that aims to provide self-employment opportunities to educated youth and women in India. Through the PMRY scheme, educated youths can get financial assistance for starting their own enterprises in the trade, manufacturing, and services sectors.

Eligibility Criteria

  • Should be an Educated unemployed person between 18 – 35 years of age.
  • Should have an educational qualification of minimum Class 8
  • The income of the beneficiary along with spouse nor the income of parents shall exceed Rs. 40,000/month
  • Permanent resident of the area for at least 3 years
  • Should not be a defaulter to any nationalized financial institution/bank / cooperative bank


  • Project Cost Covered under PMRY Scheme (Loan Amount)
    Sector Project Cost* Business Sector – Rs. 1 lakh other Activities – Rs. 2 lakh
  • PMRY is a centrally sponsored scheme with repayment tenure from 3 years to 7 years
  • 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
  • The 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
  • Projects up to Rs.10 lakhs are covered If 2 or more eligible applicants join together in a partnership.

Steps to Apply for funds under PMRY 

Please follow the steps below for a successful registration process and loan apply under Pradhan Mantri Rozgar Yojana online:

Step 1: Visit the official website of Prime Minister’s Rozgar Yojana https://pmrpy.gov.in/
Step 2: Download the application form and fill it in with complete details.
Step 3: Submit the duly filled form to the respective bank that comes under the PMRY scheme and then the concerned bank will get in touch with you.

Documents Required

Copies of the following documents are required to apply for PMRY:

  • Duly filled application form with passport-sized photographs
  • EDP Training certificate
  • Copy of the Proposed Project Profile
  • Experience, qualification, and technical certificates
  • Proof of Date of Birth (SSC certificate or TC from school were studied)
  • Residence proof for 3 years, ration card, or any other proof of residency
  • Income certificate issued by MRO (Mandal Revenue Officer)
  • Caste certificate issued by MRO, if applicable
  • Driving License
  • Any other document required by the lender

Modifications in the PMRY Scheme

  • The upper age limit has been raised by 10 years up to 45 years from 35 years for people falling in SCs/STs, women, ex-servicemen, and physically challenged people
  • Educational qualifications for eligibility under the scheme have been reduced to 8th class from 10th class
  • The scheme will cover agriculture and allied activities and exclude direct agricultural operations, such as manure and its purchase, raising crops, etc.
  • Group financing eligibility up to Rs. 5 lakh
Pradhan Mantri Rozgar Yojana (PMRY)
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