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Unit 5: Unemployment in India

measured once the recognized groups withstand its feasibility and pass through the Notes
subsequent grading.

The Group approach will emphasis on sympathy of a few definite feasible key doings
based on available local donations and work-related skills of the members of the group.
The credit flows and average level of speculation per family will be improved.

The programme will have better participation of Gram Panchayats.
For group of Swarozgaris (SHGs) the support would be at 50% of the cost the scheme
subject a ceiling of ` 1.25 lakhs. There will be no monitory limit on subsidy for irrigation
Projects.
Group Life Insurance for Swarozgaris is also ensured under the scheme.
Scheme provides for creation of risk fund for the consumption credit requirement of the
Swarozgaris.
Except Mahe Block, SGSY scheme is implemented in all the blocks by DRDA, the Nodal
Agency, through Block Development Offices and Banks. As many as 41 Commercial Bank.

Branches having Service Area Villages apart from the branches of Puducherry State Cooperative
Bank are participating in the implementation of the scheme.

Prime Minister’s Rozgar Yojana (PMRY)

The salient features of the programme that you must take into consideration are as under:

The Prime Minister’s Rozgar Yojana (PMRY) has been intended to offer employment to
educated unemployed youth by setting up of micro enterprises by the educated
unemployed poor. It narrates to the setting up of the self-employment ventures for
industries, services and business in Rural and urban areas.
The scheme shelters all cultured youth with the smallest requirement of VIII Standard
(passed).
Preference will be given to those who have been trained for any trade in Govt. recognized/
approved institutions for duration of at least 6 months.

All educated unemployed youth between the age of 18 and 35 years on the date of receiving
of request by the concerned DIC will be qualified for loan under the arrangement in
general with a 10 years relaxation for SC/ST/Ex-servicemen/physically handicapped and
women i.e. up to the age of 45.

The Income of the beneficiary along with the spouse or the income of parents of the
beneficiaries shall not exceed ` 100,000 per annum.
All projects up to an expenditure of ` 2 lakh for business/service sector and ` 5 lakh for
industry sector, loan to be of composite nature. Partnerships are also measured for projects
up to ` 10 lakh subject to the extreme allowed up to the individual ceiling limits.

Self Help Groups can be considered for help under the scheme provided Educated
Unemployed Youth fulfil the appropriateness criteria laid down under the scheme to
volunteer to form.

It will be important for you to know that the SHG to set up self- employed schemes (Common
Economic Activity).

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