Government of India has approved the introduction of a new credit linked subsidy programme (central sector scheme) in 2008 called Prime Minister’s Employment Generation Programme (PMEGP) by merging the two existing schemes namely Prime Minister’s Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP). It is a flagship scheme of Ministry of Micro, Small and Medium Enterprises (MoMSME) whereby Micro Enterprises in non-farm sector are set up every year creating employment opportunities across the country.
The objective of the scheme is generation of employment opportunities through establishment of micro enterprises in rural as well as urban areas. Some other objectives are:
It is administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME). The Scheme will be implemented by Khadi and Village Industries Commission (KVIC). 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.
The Government subsidy under the Scheme is routed by KVIC through the identified Banks for eventual distribution to the beneficiaries / entrepreneurs in their Bank accounts.
An online PMEGP e-portal https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp has been introduced from 1st July 2016. Entire process is made real time and online.
The maximum cost of the project/unit admissible under manufacturing sector is Rs. 25 lakh and minimum cost is Rs 10 lakh.
The maximum cost of the project/unit admissible under business/service sector is Rs. 10 lakh and minimum cost is Rs 5 lakh.
A beneficiary has to undergo a two week mandatory EDP training if he has not already undergone any such training.
Entrepreneurship Development Programme (EDP):
The objective of EDP is to provide orientation and awareness pertaining to various managerial and operational functions like finance, production, marketing, enterprise management, banking formalities, bookkeeping, etc.
Since the inception of scheme, 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).
« Go back to RBI Grade B homepage
« Read more Government Schemes
Punjab Civil Services 2021
ESIC Deputy Director 2021