The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has approved the continuation of Prime Minister's Employment Generation Programme (PMEGP) beyond 12th Plan for three years from 2017-18 to 2019-20 with a total outlay of Rs.5,500 crore.
Scheme will create sustainable estimated employment opportunities for 15 lakh persons in three financial years.
Khadi and Village Industries Commission (KVIC) is the nodal implementation agency 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. Applications are invited and processed on-line on PMEGP-e-portal. Targets are fixed taking into account:
A minimum target of 75 project/district is awarded to all districts of the country to achieve Inclusive Growth. Higher rate of subsidy (25% to 35%) will be applicable for women, SC/ST, OBC, Physically Disabled, NER applicants in rural areas.
The entire process of application flow and fund flow right from receipt of application, processing, sanction by banks, transfer of margin money subsidy till creation of Term Deposit Receipt (TDR) in the name of applicant has been made online. The portal can be accessed at https://www.kviconline.gov.in/pmegpeportal/prneqphome/index.jsp.
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. A total of 4.55 lakh micro enterprises have been assisted with a margin money subsidy of Rs 9564.02 crore providing employment to an estimated 37.98 lakh persons from inception till 31.01.2018.
Following modifications/improvements have been made in the Scheme: