The Government has introduced PMMY for facilitating self-employment. Under this scheme small and micro enterprises and individuals can get a loan up to Rs 10 Lakhs to set up and expand their businesses.
Ministry of labour and employment has launched PMRPY for incentivizing employers for employment generation. Under this scheme, the Government is paying for the contributions towards the EPS and EPF for all the sectors.
Skill development and Entrepreneurship Ministry has implemented the flagship scheme called as Pradhan Mantri Kaushal Vikas Yojana to provide skilling to one crore people under short term training, Recognition of prior learning, Special projects across the country for 4 years. Under this scheme, training is given to the candidates to increase employability. Read more.