The scheme is a composition of two schemes- Prime Minister’s Rojgar Yojana and Rural Employment Generation Program. It is a credit-linked subsidy program that aims at generating employment opportunities through establishment of micro enterprises in rural as well as urban areas. The objective is to provide continuous and sustainable employment to a large segment of traditional and prospective artisans, rural and urban unemployed youth in the country. The scheme facilitates participation of financial institutions for higher credit flow to micro sectors.
You can apply online for the scheme on the official website.
Check your eligibility for the schemeClick here to know