Bhoomika Singh
Narayan Rane, MSME minister, inaugurated 72 units assisted under PMEGP (Prime Minister’s Employment Generation Programme) and Disbursement of Margin Money Subsidy to 720 PMEGP beneficiaries on September 17 2022, at Khadi and Village Industries Commission (KVIC) Office, Mumbai.
Addressing the inauguration ceremony, Rane said “In order to build Aatmanirbhar Bharat, make in India is the motto of our Organisation”.
Giving thrust on good quality, he emphasized increasing export. He also urged us to follow the mantra of punctuality, sincerity and discipline for self-reliance and Aatmanirbhar Bharat. On this occasion, Prime Minister had online live Conversations with the new Entrepreneurs from Sindhadurg, Maharashtra, Himachal, Jammu and Karnataka.
The Prime Minister’s Employment Generation Programme (PMEGP) is a flagship scheme of the Ministry of MSME, which was launched in September 2008, by merging the erstwhile Rural Employment Generation Programme (REGP) implemented by KVIC and Pradhan Mantri Rojgar Yojana (PMRY) implemented by District Industries Centers.
This is a credit-linked subsidy scheme for the generation of employment opportunities through the establishment of micro-enterprises in rural as well as urban areas of the Country.
KVIC is the nodal Agency at the national level to implement the scheme designated by the Ministry of MSME, Government of India – with the active participation of banks, State Khadi & Village Industries Boards, District Industries Centers (DICs) and Coir Board for coir related activities in both rural as well as urban areas of the country.
The maximum cost of the project eligible for subsidy under the scheme in the manufacturing sector is Rs. 50.00 lakh, and Rs. 20.00 lakh in the service sector. Under this Scheme, KVIC has sanctioned 25105 projects, generated employment for 200840 people, and released 802.19 crore MM (margin money) up to 2022-2023 as of 15.09.2022 and expected performance of 720 projects, 5760 employment and 27.43 crores of MM.
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KVIC Chairman ascribed this quantum jump in employment creation to the Prime Minister’s push for local manufacturing to achieve self-reliance. “This big thrust to local manufacturing and self-employment by involving a large number of youths, women and migrants prompted to take up self-employment activities under PMEGP could be made possible by constant push to KVIC Schemes and Programmes by Prime Minister on various platforms.
Further, a slew of policy decisions taken by the Ministry of MSME and KVIC to expedite the execution of projects under PMEGP helped KVIC achieve its best ever performance,” he said.
