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To curb the major problem of unemployment in the country, the government has introduced some schemes to facilitate the establishment of MSMEs and create employment opportunities. Also, there are Government-sponsored loans for unemployed youth to start their own business. Some of the loan schemes by the government are: 1. Pradhan Mantri Rozgar Yojna: This scheme was started in 1993 to provide finance to unemployed youth for starting a business. Some of its key features are: • Individuals who have studies class VIII can apply for a loan? • Training is given to the borrower for starting a business. • The maximum the loan amount available is Rs.5 lakhs. 2. Agriculture loans: Unemployed individuals above 22 who are small marginal farmers, tenant farmers, sharecroppers, etc. can apply for the loan. Loan up to Rs. 1 lakhs can be availed under this scheme. 3. New ...

Personal loans are one of the easiest ways to finance yourself to meet various unexpected expenses. If you meet the eligibility prescribed by the lender, you will easily get the loan. You need to fill an online application form and pay a processing fee to get the loan sanctioned. A personal loan is like a multipurpose loan which can be used to meet any financial need that you have. A good reason for personal loan . Some of them are described below: 1) Meet wedding expenses- Personal loans are best when it comes to meeting your unexpected wedding expenses. You can easily apply for the loan to meet all your wedding-related expenses. 2) To consolidate multiple debts: Loan can also be used to combine various loans are taken by you in a single debt that you can comfortably repay. 3) Improve your credit score: You can also apply for a short personal loan to improve your credit score to apply for future ...