Educated unemployed have to be put on the rounds of banks even after approval from the project department

Government schemes regarding employment are proving to be negative from the non -cooperation of banks. Due to which the unemployed youth are in frustration due to non-availability of loans despite repeated rounds. Although the District Industries Center has tried to establish industries as many youths

, so far only 42 youth projects have been approved by banks and provided loans. Here the applicant youths are upset with the attitude of banks. Despite circling, they are not getting success. Ajay Kumar, resident of Talkhapur, Santhendra Singh, resident of Shantinagar, Sujit Kumar, resident of Kiran Chowk, Niranjan Thakur etc., who had applied for self -employment, said that they had applied under PMEPP, their application has also been sent to banks. He has also met the bank manager many times about this. But he has always received assurance, but has not yet taken forward action. The golden time to establish employment is spending. They are worried about the future.

Shivhar | The Prime Minister Employment Generation Program in the district was made to various banks forwarded against the set target 100 of the financial year 2024- 25. Out of which 16 applications were approved by various banks and the amount distributed to 14 applicants has been done with margin money claim. The DM has warned the banks who do not meet the 100 % target. Instructed that they meet the target. It goes on to say that Axis Bank had to provide loans to five applications. Who did not approve the loan to a single applicant. His distribution margin money claim was 0 percent. The same situation is with Bank of India, a target provided to 6 applicants. Whose achievement was 0 percent. The DM has expressed displeasure over the achievement of Indian Bank, ICICI Bank, HDFC Bank, IDBI Bank, PNB Bank, UCO Bank. While State Bank of India was targeted to provide loans to 12 applicants. Out of which only 8 % margin money claim has been provided with loans. The same situation was with North Bihar Gramin Bank, which has been provided loan to only two out of 14 people.

One of the three applications of Central Bank of India was approved. Under this scheme, loans are provided by banks on grants to set up industries to educated unemployed. Its application is to be submitted on the online departmental portal. For online application, the candidate is required to have Aadhaar card, photo, caste certificate, residential certificate, educational certificate, project report and PAN card. The department recommends providing loans to various banks after checking all the papers. Under this scheme, the candidate is given grants from 15 to 35 percent under various categories. In this, there is a provision to provide loans up to 50 lakhs for setting up up to 25 lakh loans in the service sector. Troubled

Loans are provided for unemployed youths under the PMEGP scheme and they are also encouraged by giving grants. Banks have an important role in this. The officials are constantly trying to provide loans to the unemployed from various banks. There is also a meeting of departmental officers and LDM along with coordinators of banks. -Priya Bharti, General Manager, District Industries Center, Sitamarhi. The process slowed down due to transfer posting and election in April May. Now bankers are checking the papers, soon the competent candidates will be provided loan. – Anil Kumar Singh, LDM, Sitamarhi.