Prime Minister’s Employment Generation Programme:
The Khadi and Village Industries Commission (KVIC), under the Ministry of Micro, Small and Medium Enterprises (MSME), recently disbursed ₹300 crore in margin money subsidy to 8,794 beneficiaries under the Prime Minister’s Employment Generation Programme (PMEGP).
- Prime Minister’s Employment Generation Programme (PMEGP) launched in August 2008, PMEGP is a credit-linked subsidy scheme administered by the Ministry of Micro, Small, and Medium Enterprises (MSME).
- It is a central sector scheme.
- PMEGP aims to generate employment opportunities through the establishment of micro-enterprises in the non-farm sector for rural as well as urban areas.
- The scheme is implemented by the Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level.
- At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs), and banks.
- Eligibility:
- Any individual above 18 years of age is eligible.
- There will be no income ceiling for assistance for setting up projects under PMEGP.
- Beneficiaries should possess at least an VIII standard pass educational qualification for setting up of projects costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business/service sector.
- Self Help Groups (including those belonging to BPL provided that they have not availed benefits under any other Scheme), institutions registered under the Societies Registration Act, 1860, Production Co-operative Societies, and, Charitable Trusts are also eligible for assistance under PMEGP.
- Existing units that have already availed government subsidy under any other scheme of the Government of India or State Government are not eligible.
