Government schemes for unemployed youth

By | July 9, 2020

Government schemes for unemployed youth

Unemployment is the biggest problem in the country. The government is also trying hard to resolve this. On the one hand, due to the growing population of India and the low number of jobs against it, the youth are facing unemployment. But this despair has brought this plan of the government to the zeal for them. If you don’t know, you can get a loan with this scheme.

Pradhan Mantri Rozgar Yojana

The scheme provides loans to the unemployed from the government. Which allows unemployed youth to start their own start-ups. This loan is given to those who have got education up to standard eight. After which they are given assistance of Rs 5 lakh from the government. The person must be 18-35 years of age to get this loan.

Loan subsidy scheme

This scheme is not available in all the states. The Tamil Nadu government provides 25 per cent loan to unemployed youth under the Nifty scheme. So the government gives loans to graduate youth on the basis of NEEDS scheme subsidized by the government.

Cash loan

The NEED scheme is not available to all the states, only the government scheme is available in West Bengal. Unemployed youth are given this scheme to start a new business. An unemployed person can apply for a loan of Rs 50,000. For which the age of the unemployed youth should be 18-45 years.

Agricultural loan

These loans are given to those who are unemployed in the agricultural sector. For this the unemployed person should not be 22 years of age or above. Unemployed young graduates can apply for this loan Scheme


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