SME Times News Bureau | 06 Nov, 2020
The Ministry of MSME on
Friday alerted the general public and potential entrepreneurs against cheating
in the name of Prime Minister’s Employment Generation Programme.
In a statement issued,
Ministry of MSME has informed that some instances are reported to the Ministry
that potential entrepreneurs / beneficiaries are being approached by private
persons or agencies offering loans under PMEGP Scheme and handing over loan
sanction letters and cheating the entrepreneurs by charging money from them.
Ministry has warned the
unscrupulous elements against cheating general public in its name and it has
been informed that the Ministry has already taken up the matter with the
police authorities for proper investigation and action.
Employment Generation Programme (PMEGP) is a central sector credit linked
subsidy scheme being implemented by the Ministry of MSME since 2008-09 to
assist first generation entrepreneurs for setting up of micro enterprises
across the country.
Under the PMEGP Scheme,
the entire process of application and fund flow right from receipt of
application to sanction and release of loan by banks to the applicants has been
made online through only one Government portal run by Khadi and Village
The portal can be
accessed at https://www.kviconline.gov.in/pmeepeportal/pmegphome/index.jsp. The whole process is
totally free of cost.
Party/Agency/ Middlemen/ Franchise, etc. is engaged or authorized for promoting
and sanctioning PMEGP Projects or providing any financial assistance under
Instances of potential
entrepreneurs / beneficiaries being approached by private persons or agencies
offering loans under PMEGP Scheme and handing over loan sanction letters and
cheating the entrepreneurs by charging money from them is totally illegal and
General public is
therefore advised to remain cautious of such unscrupulous elements.