EDITIONS
Stories

Over 5,02,000 beneficiaries assisted under Prime Minister Employment Generation Programme

posted on 31st December 2018
Add to
Shares
3
Comments
Share This
Add to
Shares
3
Comments
Share

Over 5,02,085 beneficiaries and projects have been assisted under the Prime Minister Employment Generation Programme (PMEGP) in 2018-19 (as on Nov 30 this year) since its inception in 2008-09.

This was stated by Minister of State (Independent Charge) for Micro, Small, and Medium Enterprises, Giriraj Singh while replying to a question in the Rajya Sabha today.

In reply to another question, the minister informed the House that targets for the year 2018-19 for assistance under PMEGP have been increased by more than 50 percent due to increased budget allocation for PMEGP. He said budgetary allocation for PMEGP was increased to Rs 1800.64 crore for 2018-19 as against Rs 1024.49 crore during the year 2017-18.

The targeted number of units to be set up during 2018-19 is 66,700 as against the target of 50,784 in 2017-18. Margin money of Rs 1312.40 crore has been disbursed during 2017-18, as against the allocated target under the Budget estimates of Rs 1004.49 crore, he added.

During 2018-19, (as on Nov 30), 265,124 applications have been received under PMEGP. Karnataka tops the list with 30,951 applications closely followed by Maharashtra with 27,365 applications. Uttar Pradesh (18,858), Tamil Nadu (16,996), Assam (15,981),Haryana (14,011), Jammu& Kashmir (13,349), Bihar (12,823), Telangana (11,315), Odisha (10,611), and West Bengal (10,010) are the other states with higher number of applications for assistance under PMEGP.

Prime Minister's Employment Generation Programme (PMEGP) is a flagship credit-linked subsidy programme of the government of India being implemented by the Ministry of MSME. The scheme is aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth in rural as well as urban areas.

Under PMEGP, general category beneficiaries can avail of margin money subsidy of 25 percent of the project cost in rural areas and 15 percent in urban areas. For beneficiaries belonging to special categories such as Scheduled Caste/Scheduled Tribe/OBC /Minorities/Women, ex-serviceman, physically handicapped, NER, Hill and Border areas etc. the margin money subsidy is 35 percent in rural areas and 25 percent in urban areas. Any individual above 18 years of age is eligible.

For setting up of projects costing above Rs 10 lakh in the manufacturing sector and above Rs 5 lakh in the business /service sector, the beneficiaries should possess at least VIII standard pass educational qualification. The maximum cost of projects is Rs 25 lakh in the manufacturing sector and Rs 10 lakh in the service sector.

Benefit can be availed under PMEGP for setting up of new units only. An online PMEGP e- portal https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp has been set up from July 1, 2016.

The entire process is real time and online. The applicant has to apply on the portal and can track the status of the application on the PMEGP-e-portal. There is an online feedback mechanism for providing feedback by the beneficiaries.

Khadi and Village Industries Commission (KVIC) is the nodal implementation agency at the national level. At the state and district level, state offices of KVIC, Khadi and Village Industries Boards (KVIBs) and District Industry Centres (DIC) are the implementing agencies.

(Source:PIB)

Add to
Shares
3
Comments
Share This
Add to
Shares
3
Comments
Share
Report an issue
Authors

Related Tags