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    Home»LIVELIHOODS

    Get Subsidy under Prime Minister’s Employment Generation Programme

    By Sushma SinghUpdated:August 8, 2020
    pgmep-2012
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    Khadi and Village Industries (KVI) production has been growing at a compound annual growth rate of 14.80% over the last 10 years. This is as per the data relating to KVI Sector compiled by Khadi and Village Industries Commission (KVIC), a statutory organization established under the KVIC Act 1956 for promoting and developing khadi and village industries in the country.

    pgmep-2012

    The Ministry of Micro, Small and Medium Enterprises has been supplementing the efforts of the State Governments in promoting rural industries. In particular, a credit-linked subsidy program named the Prime Minister’s Employment Generation Programme (PMEGP) was launched by this Ministry in 2008-09 and is being implemented through KVIC. PMEGP is particularly aimed at generating self-employment opportunities through the establishment of micro-enterprises including rural industries by helping traditional artisans and unemployed youth.

    RURAL SELF EMPLOYMENT

    Under PMEGP, beneficiaries can establish micro-enterprises by availing of margin money subsidy of 25% of the project cost in rural areas; and in case of beneficiaries belonging to special categories such as scheduled castes/scheduled tribes /women the margin money subsidy is 35 %. In urban areas, the quantum of margin money subsidy is 15%; and for beneficiaries belonging to special categories, this is 25%. The maximum cost of the projects assisted under PMEGP is Rs 25 lakh in the manufacturing sector and Rs 10 lakh in the service sector.

    To know more about these schemes and avail subsidy visit here.

    employment generation programme government subsidy for livelihoods margin money subsidy prime minister scheme rural employment subsidy
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    sushma
    Sushma Singh

    Sushma is a financial expert and online entrepreneur. With years of experience in personal finance and business management, she is dedicated to empowering individuals to take control of their finances and make smart investment decisions. Through Moneymint's website, she provides insightful tips, strategies and resources to help individuals grow their wealth and achieve financial stability. Join Sushma on the journey to financial freedom today!

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