SELF-EMPLOYMENT UNDER PRIME MINISTER’S ROZGAR YOJANA
2005-2006
Applications are invited against target in plain paper for
financial assistance under PMRY 2005-06.
Last date for
submission of application 21.5.2005.
1.
WHOM TO APPLY
¨
Directly to concerned District Industries Centre or
through the local Industries Promotion Officer
OR
¨
To the local Branch Manager of the commercial Bank.
2.
SCHEME
All
economically viable activities in Industries/ Service/ Business Sector including
Agriculture and Allied activities. Priority will be given to Industries Sector.
3.
PROJECT
COST
|
Industries & Service
Project
|
:
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Up to Rs. 2.00 Lakh.
|
|
Business Project
|
:
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Up to Rs. 1.00 Lakh..
|
|
Partnership Projects
|
:
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up to Rs. 10.00 Lakhs
|
4 .
ELIGIBILITY
CRITERIA
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Age:
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General Category:
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Between 18 to 35 years as on
21.05.2005
|
|
SC/ST, Ex-Servicemen,
Physically Handicapped and Women:
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10 years age relaxation
|
|
|
|
|
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Qualification:
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Class VIII passed.
Preference to trained applicants in any trade in Government recognised
/approved institution for at least 6 months.
|
|
|
|
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Residency:
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Permanent
resident of the area for at least the last 3 years. For married women the
residency criteria apply to in-laws.
|
|
|
|
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Family
Income:
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Neither income of the
beneficiary along with the spouse nor income of parent of the beneficiary
shall exceed Rs.40,000/- per annum.
|
|
|
|
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Default
to Bank/ Financial Institutions:
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Beneficiary or parent
default to any Nationalised Bank/ Financial Institution/ Cooperative Bank
are ineligible.
A person already assisted under other subsidy linked Government scheme is
also ineligible.
|
5.
SUBSIDY: 15% of the project cost limited to
Rs.7,500/- per entrepreneur.
6. MARGIN MONEY: 5% to 16.25% of the project cost.
7. COLLATERAL
No
collateral security for projects up to:
|
Rs.2.00
Lakhs for Industries Sector,
|
|
Rs.1.00
Lakh for Service & Business Sector, and
|
|
Partnership
projects under Industries Sector, Rs.5.00 Lakh per borrowal account. |
8.
RATE
OF INTEREST: Normal bank rate of interest.
9.
REPAYMENT
SCHEDULE: 3
to 7 years after an initial moratorium as prescribed by bank.
10.
RESERVATION
|
SC/ST:
|
22.5%
|
|
Other Backward Classes:
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27%
|
|
In case of non-availability
of candidates, reserve quota would be filled up from general category.
|
11. CRITERIA FOR SELECTION
Commercial
viability & marketing tie-up of proposed venture in the opinion of the Task
Force/ Banks.
12.
COUNSELING
Group
counseling is facilitated through District Industries Centre/ Industries
Promotion officer.
The
model application form for financial assistance under PMRY 2005-2006 is
available with the concerned District Industries Centre/ Industries Promotion
Officer in the block or sub-divisional level / in this website (ori.nic.in/diorissa).
Sd/-
DIRECTOR
OF INDUSTRIES,
ORISSA, CUTTACK