Bank loans for the educated unemployed

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....ank loans for the educated unemployed <br>News and Press Release<br>Dated:- 29-11-2016<br><BR>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 b....

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....eing 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 loan....

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....s 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....

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.... 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&#39;s Employment Generation Programme (PMEGP), Pradhan MantriRojgarProtsahanYojana (PMRPY), Stand Up India (SUI), Pradhan Mantri YUVA Yojana (PMYY) etc. This was stated by Shri Santosh Kumar Gangwar, Mini....

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....ster of State in the Ministry of Finance in written reply to a question in Rajya Sabha today.<BR> News - Press release - PIB....