Friday, November 15, 2019


The 5 Government Plans That Work for Unemployed Youth, Learn

Unemployment is a major problem in the country. The government is making every effort to reduce it but there is no success. As far as the loan is concerned, it is also difficult to obtain. Such loans require multiple documents in addition to guarantees. The government has introduced several loan schemes to start small businesses. Today, we will talk about schemes that help unemployed youth get financial support.

Under this scheme, unemployed youths are given loan from the government. In this scheme, the youth can start his own business. The loan is given to those who have studied up to standard 8. He can get up to Rs 5 lakh loan to set up a business. The beneficiary's income should not exceed one lakh per annum along with his parents' income to avail this loan.

This scheme is not available in all states. Tamil Nadu Government offers Nifty scheme benefits to unemployed youths. Under which 25% of the loan amount is subsidized by the State Government. While under the NEEDS scheme, the state government gives 25% subsidy on any loan to graduate unemployed youth.

The NEED scheme is also provided by the State Government. The loan is given by the West Bengal government to unemployed youths who want to start a new business. Under this scheme, an unemployed person can apply for a loan of Rs. 50,000. For which the unemployed youth should be 18-45 years old.

This loan is a very useful scheme for those who are unemployed in the agricultural sector. Unemployed youth who are 22 years of age or older who are graduating can apply for this loan.

The loan holder may hold certain assets for this loan. Its loan amount depends on the value of its assets.


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