Bom HC: LARR Authority Can Examine Limitation Issues in Land Acquisition References under 2013 Act  ||  MP HC: Long-Serving Employees Cannot Be Denied Regularisation by Retrospective Statutory Amendments  ||  J&K&L HC: Routine Challenges to Lok Adalat Awards Defeat Their Purpose of Quick Dispute Resolution  ||  Bombay HC: Restricting Compensation For Wild Animal Damage to Select Species Violates Article 14  ||  Supreme Court: Corporate Guarantee Constitutes as Financial Debt under the IBC  ||  Supreme Court: No Right to Full Tenure Exists When Appointment is Made ‘Until Further Orders’  ||  SC Mandates Trial Courts Seek Reports on Mitigating and Aggravating Factors Before Death Sentencing  ||  Supreme Court: Schools Cannot Delay Admission of State-Allotted Student over an Eligibility Dispute  ||  J&K&L HC: Delay in Executing Preventive Detention on Unsubstantiated Medical Ground Makes it Invalid  ||  Delhi HC Allows AITA Results For Interim Management and Directs Fresh Elections Under New Sports Law    

Bank loans for the educated unemployed- (Press Information Bureau) (29 Nov 2016)

MANU/PIBU/0957/2016

Banking

Applicants including educated unemployed persons whose proposals are found bankable in accordance with the norms laid down by the concerned bank obtain loans for self-employment ventures. However, there are many applications which are not approved for various reasons which, inter alia, include applicant being unclear about activity proposed to be taken up, applicant wanting to enter activity without training/experience & no apparent capacity to run a business in that line, non-viable/Inflated business plan, Inability/unwillingness of the applicant to furnish requisite margin money, history of previous default etc. The Government already facilitates educated unemployed youth in obtaining such loans in a number of ways which, inter alia, include, guiding interested applicants on proper filling up of application forms, identifying person specific activity to be taken up for business assistance in preparing a viable business plan, advising the applicants about the processes followed by banks & other funding institutions, Entrepreneurship education, Model business plans for different businesses posted on different portals for the guidance of aspiring entrepreneurs etc. In addition, self-employment is supported through schemes such as Pradhan Mantri Mudra Yojana (PMMY), Prime Minister's Employment Generation Programme (PMEGP), Pradhan Mantri Rojgar Protsahan Yojana (PMRPY), Stand Up India (SUI), Pradhan Mantri YUVA Yojana (PMYY) etc.

Tags : LOANS   FACILITIES   UNEMPLOYED YOUTH  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved