Govt extends PMEGP scheme for five more years with Rs 13.5k crore outlay
Ease of Doing Business for MSMEs: The government on Monday announced the extension of its scheme for employment generation Prime Minister’s Employment Generation Programme (PMEGP) over the 15th Finance Commission Cycle from 2021-22 to 2025-26 with an outlay of Rs 13,554.42 crore. In addition, multiple modifications have also been made to the scheme including increasing the maximum financial assistance offered from existing Rs 25 lakh to Rs 50 lakh to entrepreneurs for setting up new manufacturing units and from existing Rs 10 lakh to Rs 20 lakh for new service units.
Launched in 2008-09, the scheme has supported around 7.8 lakh micro enterprises with a subsidy of Rs 19,995 crore to create employment for around 64 lakh people, the MSME Ministry said in a statement. Around 80 per cent of the units assisted under PMEGP are in rural areas and about 50 per cent units are owned by scheduled caste, scheduled tribe and women entrepreneurs. Khadi and Village Industries Commission (KVIC) is the national nodal agency of the scheme.
The scheme also modified its definition of village industry and rural area to include areas falling Panchayati Raj institutions to be accounted under rural areas and areas under municipality to be recognised as urban areas. Moreover, all implementing agencies including state and district level state offices of KVIC, state KVIBs and district industries centres have been allowed to receive and process applications in all areas irrespective of the rural or urban category.
The government said the extension will create sustainable estimated employment opportunities for about 40 lakh people in five financial years. The margin money subsidy to be given to potential entrepreneurs would be 25 per cent of the project cost in urban areas and 35 per cent in rural areas for special category applicants including SC, ST, OBC, women, transgender, physically disabled, north-eastern region, aspirational and border district applicants, according to the guidelines. For General category applicants, 15 per cent subsidy of the project cost would be provided in urban areas and 25 per cent in rural areas.
Meanwhile, the number of jobs generated under the scheme through new enterprises set up had hit a record high of 8,25,752 in FY22, the Ministry had said in April this year. Also, the number of enterprises set up during the year jumped over 1 lakh to 1,03,219 for the first time in the past 14 years. The growth in units set-up and employment created under PMEGP in FY22 was up by 39 per cent each from FY21, while the margin money distribution (subsidy) had jumped 36 per cent.
Udyog Sadhana Workshop
For Whom :
A Person who wishes to start their own business activity.
People engaged in Business and planning to expand further.
Date :
19th June, 2022 | 10.00 am to 01.00 pm.
Location :
Dadar West, Mumbai
Language of Delivery :
Marathi
Topics:
- Entrepreneurial Motivation
- How to identify business activity,
- Product Selection
- How to raise finance
- Various Registrations
- How to market your products
- Government Marketing Schemes
- Businesses that could be run from Home
- Loan Schemes from Rs.50,000/- to Rs.50 Lakhs.
- Government Rules, Regulations & Schemes
- Q&A & Interactive Session.
Charges :
Free
For More Details & Registration :
9029051434
8779661713
Enrollment Link :
Click here
Related Link :
Past Udyog Sadhana Workshops
ZED Scheme
MSME Innovation Scheme
MSMEs are the strongest drivers of Nation’s economic development, innovation and employment. It becomes imperative to strengthen MSME’s ecosystem by developing innovative solutions and applications which will help them to move up the value chain. The Government of India, therefore, envisioned creating MSME Innovative Scheme through combination of Incubation, Design intervention and IPR protection initiatives to enhance MSME competitiveness and transform them as National and International Champions.
ABOUT “MSME INNOVATIVE” SCHEME
MSME Innovative Scheme will be an amalgamation of the Incubation, Design and IPR Schemes of the Ministry of MSME. These erstwhile three schemes will operate as separate verticals with interflows and connections. These verticals will also be integrated sequentially and parallelly into one singular formulation to promote and encourage innovative activities for improved synergy and higher efficiency.
MSME Innovative is a new concept for MSMEs with a combination of innovation in incubation, design intervention and by protecting IPR in a single mode approach to create awareness amongst MSMEs about India’s innovation and motivate them to become MSME Champions. This will act as a hub for innovation activities facilitating and guiding development of ideas into viable business proposition that can benefit society directly and can be marketed successfully.

बोलती हो
Non Veg Premix Course
Website Visitor Poll
Please do spare few seconds to participate in our Visitor Profile Poll.
