INDIA: PMEGP generated employment for 13.16 lakh workers

The Prime Ministers Employment Generation Programme (PMEGP) has been running successfully in the 4th year of its implementation. So far an amount of 2,955 crore rupees have been released by the Ministry under this scheme. In an encouraging trend, 1.36 lakh projects have been assisted so far, generating 13.16 lakh employment. According to KVIC. more than 90 per cent of these units have been set up. For this year, 68 per cent of margin money allocation has already been released to states with more demand coming in from many states. The scheme is expected to continue over the next five-year plan with more than double the fund allocation.

PMEGP is a Central Sector Scheme administered by the Ministry of Micro, Small and Medium Enterprise. At the State/UT level, the Scheme is implemented through field offices of State KVIC, State/UT Khadi and Village Industries Boards and District Industries Centers with the involvement of banks. The objectives of this scheme are-to generate employment opportunities in rural as well as urban areas of the country through setting up of new self-employment ventures or projects or micro enterprises; to bring together widely dispersed traditional artisans or rural and urban unemployed youth and give them self-employment opportunities to the extent possible, at their place; to provide continuous and sustainable employment to a large segment of traditional and prospective artisans and rural and urban unemployed youth in the country, so as to help arrest migration of rural youth to urban areas; and to increase the wage earning capacity of artisans and contribute to increase in the growth rate of rural and urban employment. 


Send your News/Releases for publication to [email protected]
Added: October 19, 2011 Source: Agencies
Start script - 1534360840.2962 Start news id check - 1534360840.2963 After news id check - 1534360840.2966 After cookie_code - 1534360841.181 Before news detail - 1534360841.181 After news detail - 1534360841.1818 Start cat select - 1534360841.1818 After cat select - 1534360841.182 before preg replace - 1534360841.182 After preg replace - 1534360841.1821 Before tag engine - 1534360841.1821 After tag engine - 1534360841.1857 Before mptt engine - 1534360841.1857 After mptt engine - 1534360841.1857 Before related engine - 1534360841.1857 After related engine - 1534360841.1928 Before update hits - 1534360841.1928 After update hits - 1534360841.193 After update news_hits - 1534360841.1943 After mem_only_views - 1534360841.1943 -------------------------------------------------- Total Exec time:- 0.89809989929199
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 15-08-2018