SME Times News Bureau | 19 Jul, 2018
The
Prime Minister's Employment Generation Programme, PMEGP is estimated
to have generated over 11,13, 000 employments during the last three
years, MSME minister Giriraj Singh informed the Parliament on
Wenesday.
PMEGP
is estimated to have generated over 11,13, 000 employments during
2015-16 to 2017-18, Giriraj Singh stated
in a written reply in the Rajya Sabha.
PMEGP
is a credit linked subsidy scheme, for setting up of new
micro-enterprises and to generate employment opportunities in rural
as well as urban areas of the country through KVIC, State Khadi &
Village Industries Board (KVIB) and District Industries Centre
(DIC).
Under
the PMEGP, 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
SC/ST/Women/PH/Minorities/Ex-Servicemen/NER, the margin money subsidy
is 35% in rural areas and 25% in urban areas. The maximum cost of
projects is Rs.25 lakh in the manufacturing sector and Rs.10 lakh in
the service sector.
The Minister further said
that in order to revive the sick Khadi Institutions, Khadi and
Village Industries Commission (KVIC) implements ‘Strengthening of
Infrastructure of Existing Weak Khadi Institutions and assistance for
Marketing Infrastructure’ scheme.
The scheme is meant to meet
the need based support to the sick Khadi
Institutions which have potential to attain normalcy. The
minister however said that there is no plan to reopen the closed
Khadi Gramodyog centres situated amongst different panchayats of the
country.
He said various schemes
have been implemented and progressive works done for the Khadi and
Village Industries during the last three years.
Meanwhile sales performance
of entire sector under Khadi and Village Industries has
increased from Rs. 41894.56 crore in 2015-16 to Rs. 60451.28
crore in 2017-18, according to provisional details.
In reply to another
question, Singh stated that the new model Charkhas give good
quality yarn and enhanced wages to the Khadi artisans due to increase
of production capacity.