New Delhi: Below the Prime Minister’s Employment Era Programme (PMEGP ), a complete of 1.03 lakh new items had been arrange within the manufacturing and companies sector in 2021-22, Minister of State for MSME Bhanu Pratap Singh Verma mentioned in a written reply in Rajya Sabha on Monday.
In response to official information, 1,03,219 beneficiaries got loans in 2021-22, whereas in 2020-21, 74,415 beneficiaries availed the scheme.
The programme is being carried out by Khadi and Village Industries Fee (KVIC) on the nationwide degree. It’s the single nodal company for the implementation of the programme.
“The scheme is being carried out via banks, District Industries Centres (DICs), State KVIC Directorates and State Khadi and Village Industries Boards (KVIBs) on the state degree. Loans beneath PMEGP are supplied for manufacturing and repair sector,” the ministry mentioned.
The mortgage can be given to shops/enterprise – promoting of Khadi merchandise, village business merchandise procured from Khadi and Village Trade Establishments licensed by KVIC in addition to merchandise manufactured by PMEGP items and clusters arrange beneath Scheme of Fund for Regeneration of Conventional Industries (SFURTI) are additionally permitted beneath PMEGP throughout the nation, the ministry mentioned.
The scheme helps shops backed by manufacturing (together with processing) / service services are permitted throughout the nation.
PMEGP offers monetary help as much as ₹25 lakh for micro enterprises to be launched within the manufacturing sector and as much as ₹10 lakh for companies within the service sector.
The scheme additionally helps self-help teams, establishments registered with Societies Registration Act,1860, manufacturing co-operative societies, and charitable trusts.
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Supply: Live Mint