Guest Column: The Eight Billion Opportunity!  |  Finance: Covidonomics   |  Parent Interventions: Enrichment programmes help children build knowledge  |  Parent Interventions: Half of moms-to-be at risk of preeclampsia are missing out on preventive aspirin  |  Parent Interventions: First month of data shows children at low risk of COVID-19 infection  |  Teacher Insights: First-generation learners being left behind in global education  |  Teacher Insights: Deep learning: A new engine for ecological resource research  |  Parent Interventions: Study compares the health of Irish children to those across Europe and Canada  |  Policy Indications: MHRD ensures safe shifting of stranded students of Jawahar Navodaya Vidyalayas  |  National Edu News: RNA extraction kit Agappe Chitra Magna launched commercially  |  National Edu News: Certifying Quantum Entanglement: A step towards Quantum Security  |  Leadership Instincts: IIT Guwahati discovers new ways to prevent memory loss due to Alzheimer  |  Teacher Insights: 82 UG and 42 PG Non-Engineering MOOCs to be offered on SWAYAM  |  International Edu News: Handwashing 6-10 times a day linked to lower infection risk  |  Leadership Instincts: Bristol’s photon discovery, a major step toward large-scale quantum technologies  |  
March 20, 2020 Friday 12:01:57 PM IST

PM's Employment Generation Programme

Career News

Ministry of Micro, Small and Medium Enterprises (MSME) is implementing Prime Minister’s Employment Generation Programme (PMEGP), which is a major credit-linked subsidy programme aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth.

The scheme is being implemented by Khadi and Village Industries Commission (KVIC), State Khadi and Village Industries Board (KVIB) and District Industries centres (DIC). Under the scheme, the loan is being provided by all Public Sector Banks, selected Private Sector Banks and Co-operative Banks with margin money subsidy being given by Ministry of MSME through KVIC.

Any individual above 18 years of age is eligible for applying under the scheme. General category beneficiaries can avail the margin money subsidy of 25 % of the project cost in rural areas and 15% in urban areas. Beneficiaries belonging to Special Categories such as Scheduled Caste/Scheduled Tribe/OBC /Minorities/Women, Ex-serviceman, Physically handicapped, NER, Hill and Border areas etc. can avail margin money subsidy of 35% in rural areas and 25% in urban areas. The maximum cost of projects can be Rs. 25 lakh in the manufacturing sector and Rs. 10 lakh in the service sector. The benefit can be availed under PMEGP for setting up of new units only.                       

Further, the Ministry of MSME has also introduced a new component of second financial assistance for expansion/upgrading the existing PMEGP/MUDRA units for manufacturing unit up to Rs.1.00 cr. and for service/ trading unit up to Rs.25.00 lakhs with a subsidy of 15% (20% for NER and Hilly state) from the year 2018-19.                       



Comments