How can I get an unsecured loan of Rs 50,000 as an unemployed person?
If you are unemployed then to get a personal loan is very difficult. Personal Loan is a unsecured loan so many lenders will look for employed or self employed individuals with good credit score and income. You can get a Prime Minister Rozgar Yojana is one of the loan schemes in this regard which is very popular. The benefit of the scheme is that the person gets help to start the business. Some subsidy is provided by the government for this.These loans can be availed by educated (at least 10th) or skilled people between the age of 18-40. There is some leverage to people belonging to lower cast.Loans are provided by Mudra Bank, Indian Bank, Vijaya Bank, etc.