PMEGP
why in news?
The government has approved the continuation of Prime Minister’s Employment Generation Programme (PMEGP) beyond the 12th Plan period for three years to 2019-20 with a total outlay of Rs 5,500 crore. The scheme will create sustainable estimated employment opportunities for 15 lakh persons in three financial years.
About PMEGP:
What is it? PMEGP is a major credit-linked subsidy programme being implemented by the Ministry of MSME since 2008-09. The Scheme is aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth in rural as well as urban areas.
Implementation:
The Khadi and Village Industries Commission (KVIC) is the nodal implementation agency for the PMEGP at the national level. At the state/district level, state offices of KVIC, Khadi and Village Industries Boards (KVIBs) and District Industry Centres (DIC) are the implementing agencies.
Targets: The scheme’s targets are fixed taking into account the extent of backwardness of state; extent of unemployment; extent of fulfilment of previous year targets; population of state/union territory; and availability of traditional skills and raw material.
Sources: the hindu.
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