Prime Minister Employment Generation Program
- August 21, 2020
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Subject: Government schemes
Context:
Prime Minister Employment Generation Programme (PMEGP) has contributed to a substantial increase in job opportunities since April 2020
Concept:
- Ministry of Micro, Small and Medium Enterprises (MSME) is implementing Prime Minister’s Employment Generation Programme (PMEGP), which is a major credit-linked subsidy programme aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth.
- The scheme is being implemented by Khadi and Village Industries Commission (KVIC), State Khadi and Village Industries Board (KVIB) and District Industries centres (DIC).
- Under the scheme, loan is being provided by all Public Sector Banks, selected Private Sector Banks and Co-operative Banks with margin money subsidy being given by Ministry of MSME through KVIC.