PMRY: Government Sponsored Scheme
The Pradhan Mantri Rozgar Yojana (PMRY) is a Central government-sponsored scheme that helps educated unemployed people start self-employment ventures through business routes and industry services. The scheme has been in operation since October 2, 1993. Features of the PMRY scheme: Eligibility Criteria: 1. 8TH CLASS PASS 2. Age group between 18-40 years as…
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Government sponsored Schemes: SRMS scheme in place of SLRS
The Scheme of Liberation and Rehabilitation of Scavengers (SLRS) is a government program launched on March 22, 1992. The scheme aims to help people who manually remove night soil and filth transition to cleaner, more dignified work. The scheme envisages primarily people of scheduled caste communities and helps those who manually remove night soil and…
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Government Sponsored scheme: DAY-NULM/ (SJSRY)
The Swarna Jayanti Shahari Rozgar Yojana (SJSRY) was launched on 01.12.1997 after subsuming the earlier three schemes for urban poverty alleviation, namely Nehru Rozgar Yojana (NRY), Urban Basic Services for the Poor (UBSP), and Prime Minister’s Integrated Urban Poverty Eradication Programme (PMIUPEP). The Swarna Jayanti Shahari Rozgar Yojana (SJSRY) was renamed the National Urban Livelihoods…
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Government sponsored Scheme: DAY-NRLM/ (SGSY)
Swarnjayanti Gram Swarozgar Yojana (SGSY) was introduced by the Ministry of Rural Development to assist poor families living below the poverty line in rural areas in taking up self-employment. The scheme was renamed as National Rural Livelihood Mission in 2011. In 2016 the program was renamed “Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)”.…
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MSMED Act, 2006 and Policy Package for MSMEs
The MSMED Act, 2006, was enacted to provide a policy environment for the development and promotion of the MSME sector by way of defining MSMEs, putting in place a framework for developing and enhancing competitiveness of the MSME enterprises, ensuring flow of credit to the sector and paving the way for preference in ensuring flow…
MSME: Performance and Credit Rating Scheme Latest Developments
The Ministry of Micro, Small, and Medium Enterprises has launched the Performance & Credit Rating Scheme (PCR) to ascertain the strengths and weaknesses of MSMEs’ existing operations and take corrective measures to enhance the organizational strength. Under the PCR scheme, empanelled rating agencies carry out the rating of MSE. The rating makes credit available at…
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