PM Employment Generation Scheme: The central government is running numerous schemes for individuals. These schemes are empowering people financially. If you’re thinking about starting your own business, there’s no need to worry. The central government is now implementing a special scheme for employment generation. Under this scheme, the government is providing loans of up to ₹50 lakh to young people. This scheme is called the PM Employment Generation Scheme. Let’s learn more about it.
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You can start these businesses
For your information, you can easily start your own business by taking advantage of this government scheme. It lists specific businesses that can be started. These include the furniture industry, electrical services, toy industry, bag business, sweet shop, candle business, shoe business, beauty parlor business, etc. Anyone over 18 years of age can avail of this scheme.
This much subsidy is available
Under this scheme, the government provides loans ranging from 10 lakh to 50 lakh rupees. The government provides a subsidy of 15% to 35%. Urban residents receive a 15% subsidy, while rural residents receive a 25% subsidy. Disabled individuals receive a 25% subsidy.
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These documents will be required
For information, applicants can easily apply under the PM Srijan Yojana. Applicants need their permanent residence address, such as a residence certificate, bank passbook, Aadhaar card, PAN card, etc. For this, a chartered accountant can be contacted. Additionally, a report is prepared with the help of the department.
