The State Government of Goa has launched the Chief Minister’s Rojgar Yojana (CMRY). Collaboration with the Economic Development Corporation of Goa to help unemployed youth. Other backward classes, scheduled castes, scheduled tribes, and ordinary people must provide employment under this system using government loans.

The government gives 30 days of obligatory entrepreneurial training under the CMRY plan before disbursing funds to recipients who have received loan approval. The primary goal of this initiative is to empower and educate unemployed kids. Introducing revenue generating through self-employment activities that are backed by institutional loans and government financial subsidies.

What are the Objectives of the Chief Minister’s Rojgar Yojana(CMRY)?

The Chief Minister’s Rojgar Yojana plan aims to increase work opportunities and improve the lives of all unemployed people. This initiative is for Goa residents who have resided there for at least 15 to 40 years. Under this initiative, the state government gives loans of up to 20 lakh rupees to individuals. Those with professional degrees/diplomas/ITIs are taking part in specific training programs organized by recognized government entities in Goa.

What are the benefits of the Chief Minister’s Rojgar Yojana (CMRY)?

• The government is providing loans to help people start their own businesses.
• Individuals with a professional degree/diploma/I.T.I., including those enrolled in special training programs run by authorized government departments/corporations, are eligible for a maximum project cost of Rs 25.00 lakh, which includes a 50% share capital under the DITC scheme.
• For others, the maximum amount is Rs 20.00 lakh, which includes 50% (80% for SC/ST applicants) share capital under the DITC program.
• After the beneficiaries’ loan approval, 30 days of compulsory entrepreneurial training are offered before the money is disbursed.

What is the eligibility criteria for CMRY?

• The applicant must be a resident of Goa.
• Unemployed applicants should be between the ages of 18 and 45. Widows, disabled people, members of scheduled castes and tribes, and other backward sections are eligible for a 5-year exemption.
• The candidate should not have any criminal history with a nationalized bank, financial institution, or cooperative bank.
• Applicants must have completed at least Class 8, though exemptions may be granted under certain circumstances.
• A beneficiary’s income with husband and family member shall not exceed Rs 10,00,000/- per year.

What are the documents required for CMRY?

1. Aadhaar card/Passport/PAN Card
2. Residential proof
3. Project Report/Business Plan
4. School leaving Certificate
5. Passing certificate
6. Documents of merit
7. Passport size photo

How to apply for the Chief Minister’s Rojgar Yojana in Goa?

One can apply for the plan in the way prescribed:

• The Chief Minister’s Employment Scheme application form is accessible at Goa’s Economic Development Corporation offices.
• The applicant must complete out the application form and submit all required documents.
• The application form costs Rs 100/- for loans beyond Rs 50,000 and Rs 25/- for loans under Rs 50,000.
• The application must be submitted together with the application fee to the Economic Development Corporation of Goa.