The Pradhan Mantri Rojgar Yojana was started during the_______.

Correct option is B

The correct answer is (b) Eighth Five Year Plan.

The Pradhan Mantri Rojgar Yojana (PMRY) was launched in 1993, during India's Eighth Five Year Plan (1992-1997). This scheme was introduced to provide sustainable self-employment opportunities to educated unemployed youth in both urban and rural areas. The objective was to offer financial assistance in the form of loans to individuals to start small businesses or ventures.

• The scheme specifically targeted young individuals aged between 18 to 35 years with at least a high school education.
• The financial assistance under this scheme was given through banks and other financial institutions, and it aimed to help individuals become self-reliant through entrepreneurship.

Information Booster:

• Eighth Five Year Plan: This plan focused on employment generation, poverty reduction, and modernization of industries. It aimed to improve the overall economic status of the country.
• PMRY Scheme: Offered loans up to ₹1 lakh for business and industry sectors and ₹2 lakh for the service sector.
• Self-employment focus: The scheme was a crucial part of India's efforts to tackle unemployment through the promotion of entrepreneurship.

Additional Information:

• Ninth Five Year Plan (1997-2002): Focused on accelerating economic growth with social justice and equality, but PMRY was already in operation.
• Seventh Five Year Plan (1985-1990): Focused more on productivity and modernization, predating PMRY.
• Tenth Five Year Plan (2002-2007): Focused on sustaining growth and employment, but PMRY was already implemented by then.