Home 12 Latest News 12 PMEGP offers for traditional artisans and enterprising youth
Pexels / Pixabay

PMEGP offers for traditional artisans and enterprising youth

New Delhi, January 9, 2018: PIB.NIC.IN: 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.

Leon_Tonton / Pixabay

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 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% in rural areas and 25% in urban areas, as per a written a reply  given by the Minister of State for MSME (Independent Charge) Shri Giriraj Singh in a to a question in Lok Sabha on 01.01.2018

Following more details were provided in the reply: “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. The benefit can be availed under PMEGP for setting up of new units only.”

“Subsidy under PMEGP Scheme is provided by the Union Government. The PMEGP Scheme was launched during 2008-09. Since its inception, a total of 4.47 lakh micro enterprises have been assisted with a margin money subsidy of Rs 9326.01 crore providing employment to an estimated 37.32 lakh persons from inception till 2017-18 (up to 30.11.2017).Khadi and Village Industries Commission (KVIC) is the nodal agency at the national level. At the State/District level, State offices of KVIC, KVIBs, and District Industry Centres(DIC) are the implementing agencies in the States in the ratio of 30:30:40.

An online PMEGP e-portal  https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp has been introduced from 1st July 2016. The entire process is made real-time and online. Applicant has to apply on the online portal and he can track the status of his application on the PMEGP-e-portal. There is an online feedback mechanism for providing feedbacks by the beneficiaries, which has been encouraging.

 

Source: (Release ID: 1514858: PIB.NIC.IN)

Related posts:

Leave a Reply

Your email address will not be published. Required fields are marked *

*

%d bloggers like this:
Skip to toolbar