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HomeIndiaPMEGP Generated Over 11 Lakh Employments in Last 3 Years: Govt

PMEGP Generated Over 11 Lakh Employments in Last 3 Years: Govt

The Prime Ministers Employment Generation Programme (PMEGP) is estimated to have generated over 11,13, 000 employments during the last three years to 2017-18, Union Minister Giriraj Singh said today.

PMEGP is a credit linked subsidy scheme, for setting up of new micro-enterprises and to generate employment opportunities in rural as well as urban areas of the country through KVIC, State Khadi & Village Industries Board (KVIB) and District Industries Centre (DIC).

Under the PMEGP, general category beneficiaries can avail of margin money subsidy of 25% of the project cost in rural areas and 15% in urban areas. For beneficiaries belonging to SC/ST/Women/PH/Minorities/Ex-Servicemen/NER, the margin money subsidy is 35% in rural areas and 25% in urban areas. The maximum cost of projects is Rs.25 lakh in the manufacturing sector and Rs.10 lakh in the service sector.

The minister however said that there is no plan to reopen the closed Khadi Gramodyog centres situated amongst different panchayats of the country. He said various schemes have been implemented and progressive works done for the Khadi and Village Industries during the last three years. Meanwhile sales performance of entire sector under Khadi and Village Industries has increased from Rs. 41894.56 crore in 2015-16 to Rs. 60451.28 crore in 2017-18, according to provisional details.