Jharkhand to take strict action if loans not sanctioned to unemployed youth
By Vaibhav Aggarwal
Mar 17, 2010
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Banks have received warning against strict action that would be taken if they do not sanction loans to unemployed youth under the Prime Minister's Employment Generation Programme (PMEGP). The warning has been generated by Jharkhand Deputy Chief Minister, Shri Raghubar Das.

Prime Minister's Employment Generation Programme (PMEGP) is a credit linked subsidy program that has been approved by the Government of India. The scheme has been developed by the merger of two previously existent schemes namely Prime Minister's Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP). The program aims at providing employment opportunities to the jobless youth by establishing micro enterprises in rural as well as urban areas.

'It is well known that the banks do not disburse money to unemployed youth under the PMEGP. Suitable action will be taken if the banks do not improve the disbursing of loan system to unemployed youth,' Das said during the state assembly session.

He also said that the Government officials have had talks on this issue with SBI officials twice this year wherein the bank has been asked to improvise its lending system.

The PMEGP allows unemployed youth to avail loans up to Rs. 1 lakh for self employment purposes.

The issue was brought up by Jharkhand Vikas Morcha-Prajanatantrik (JVM-P) member Pradeep Yadav, who said that banks do not meet targets set under the various schemes for loan disbursement to the unemployed youth and that the banks are ‘indifferent' to such cases.

Assembly Speaker C.P. Singh asked Das to take up the issue with the union finance minister to improve the loan disbursals.


(Comments Posted : 4) Post Your Comments
1. Sir mai ek designer hu Jo saree suit ka kam karta hu Maine jila udhyog kendar m awedan file kiya tha mera project tha readymade garment manufacturing and embrodry jiska mai interviu v diya tha or loan sanction ho v gaya tha or mera payment latter march fast week bank me pahucha to manager me kaha April me payment karunga or mera latter udhyog lender ki wapis louta diya dubara udhyog lender me jakar mai bola mera pay latter renual karke bank me bhejiye to unhine mujhe bola bank se anusansa latter likhwa kr laoge tab aapka payment latter bhejunga phir mai bank jakar manager ko bola anusansa karke ek latter mujhe dijye dic ne mujhe kaha bank se lekar aao to manager ye latter likh kr nahi de raha hai or harshment karraha hai mujhe to sir plz help me ab mai kya karu ... Mai jagannathpur westsinghbhum se hu or mera branch bank of India jagannathpur hai ... Plz help me... 9334531799
shahnawaz alam (Posted: Jul 29, 2015)
2. ha ha ha, ye pmegp frod logo ka loan hota hai, bank kvib dic kvic sab mil kar subsidy ka bandarbaat karti hai. yaha par bank hawa ko loan deti hai edp traning bhi 15 din hawa ko deti hai, or kvic subsidy bhi deti hai.

pratik kumar jharkhand . mob. 9835327624
pratik kumar (Posted: Jun 14, 2015)
3. sir,mai ek footwear retailer hu maine jila udhyog kendra se loan ke liye apply kiya tha mera loan sanction bhi ho gaya tha gaya tha lekin bank manager ne mujhse puche sbaggar mera paper wapas jila udhyog kendra bhej diye aap bataiye mai kya kru please help me sir vananachal gramin bank jasidih jamm jjmdd jk ttjxggaapqpqpqpqg
sandip kumar (Posted: Feb 28, 2013)
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