Interviews
Pradhan Mantri Rozgar Yojana review meet held
18 Jul '07
2 min read
The Government reiterated the need to implement Pradhan Mantri Rozgar Yojana (PMRY) in letter and spirit and urged the banks to offer collateral-free loans to the unemployed youths of the country.
A review meeting on PMRY under the Chairmanship of Dr. Chandrapal, Secretary, Ministry of Micro, Small and Medium Enterprises emphasized the need to enhance the target under the PMRY scheme as also various other centrally sponsored schemes being implemented throughout the country.
The meeting was attended among others by the representatives of the concerned Departments of various States and Union Territories as also by nationalized banks.
Revised guidelines issued for the implementation of PMRY and suggestions/clarifications received from State Governments in respect of different parameters of revised guidelines were discussed in the meeting.
Various parameters have been liberalized in the revised guidelines of PMRY. Besides, recovery of loan under PMRY, record maintenance in rural/urban areas, verification of units, utilization certificates were also discussed.
Certain operational guidelines have also been included for effective implementation of revised PMRY. Some of them are: (i) No collateral shall be insisted for PMRY loans upto Rs. 5 lakhs. (ii) Of the total target of each State/UT , women beneficiaries should constitute at least 30 per cent. (iii) Assistance to SC/ST and Minority beneficiaries should be targeted in such a mannerthat they are benefited at least in proportion to their population in each District/State; and (iv) preference may be given to develop clusters specializing in specific products at the time of selection of PMRY beneficiaries, etc.
Dr. Chandrapal allayed the fears of the banks that the recovery of loan may be difficult as a committee consisting of the District Collector, bank manager etc. will select the entrepreneurs and the viability of the proposed industrial units.
A review meeting on PMRY under the Chairmanship of Dr. Chandrapal, Secretary, Ministry of Micro, Small and Medium Enterprises emphasized the need to enhance the target under the PMRY scheme as also various other centrally sponsored schemes being implemented throughout the country.
The meeting was attended among others by the representatives of the concerned Departments of various States and Union Territories as also by nationalized banks.
Revised guidelines issued for the implementation of PMRY and suggestions/clarifications received from State Governments in respect of different parameters of revised guidelines were discussed in the meeting.
Various parameters have been liberalized in the revised guidelines of PMRY. Besides, recovery of loan under PMRY, record maintenance in rural/urban areas, verification of units, utilization certificates were also discussed.
Certain operational guidelines have also been included for effective implementation of revised PMRY. Some of them are: (i) No collateral shall be insisted for PMRY loans upto Rs. 5 lakhs. (ii) Of the total target of each State/UT , women beneficiaries should constitute at least 30 per cent. (iii) Assistance to SC/ST and Minority beneficiaries should be targeted in such a mannerthat they are benefited at least in proportion to their population in each District/State; and (iv) preference may be given to develop clusters specializing in specific products at the time of selection of PMRY beneficiaries, etc.
Dr. Chandrapal allayed the fears of the banks that the recovery of loan may be difficult as a committee consisting of the District Collector, bank manager etc. will select the entrepreneurs and the viability of the proposed industrial units.
Press Information Bureau Government of India
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