Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Bank loans for the educated unemployed

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Bank loans for the educated unemployed
News and Press Release
Dated:- 29-11-2016

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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 loa .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ns 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 businesse .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s 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 MantriRojgarProtsahanYojana (PMRPY), Stand Up India (SUI), Pradhan Mantri YUVA Yojana (PMYY) etc. This was stated by Shri Santosh Kumar Gangwar, Min .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates