(GIST OF KURUKSHETRA) Prime Minister’s Employment Generation Programme (PMEGP):

(GIST OF KURUKSHETRA) Prime Minister’s Employment Generation Programme (PMEGP): 


Prime Minister’s Employment Generation Programme (PMEGP): 

It is yet another credit linked subsidy scheme launched by merging two schemes namely Prime Minister’s Rozgar Yojana and Rural Employment Generation Programme for generating employment opportunities by establishing micro-enterprises in urban and rural areas. The programme is being implemented by the Khadi and Village Industries Commission (KVIC) at the national level, through banks, District.

Industries Centres (DICs), State KVIC Directorates, and State Khadi and Village Industries Boards (KVIBs) at the state level. Individuals above the age of 18 years, Self Help Groups, cooperative level societies involved in the production, and institutions that are registered under the Societies Registration Act of 1860 are eligible for benefits under this programme. 

Pradhan Mantri MUDRA Yojana: Micro Units development and Refinance Agency Ltd (MUDRA) provides refinance support to Banks /MFIs for lending to micro units having loan requirement upto 10 lakh. Launched in 2015, It provides its services to small rural and semi urban entrepreneurs outside the service area of regular banks, by using last mile agents. The three interventions under the scheme are:-

  • Shishu: covering loans upto Rs. 50,000
  • Kishor: covering loans above Rs. 50,000 and upto Rs. 5 lakh
  • Tarun: covering loans above Rs. 5 lakh and upto Rs. 10 lakh As of March 2022, the number of loans sanctioned under the Pradhan Mantri MUDRA Yojana (PMMY) was 48.92 million and the amount disbursed was Rs. 3,02,948.49 crore.

Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE): This scheme is
another initiative for reviving rural industries and entrepreneurship. It facilitates credit to MSME units through collateral-free credit facility (term loan and/or working capital) extended by eligible lending institutions to new and existing micro and small enterprises. The Ministry of MSME and Small Industries Development Bank of India (SIDBI) jointly established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises in order to implement Credit Guarantee Scheme for MSMEs. The corpus of CGTMSE is contributed by Government of India and SIDBI.


A strong linkage between farm and non-farm sectors needs to be developed for augmenting income a creating jobs in rural areas. Farm-sector driven industrialisation may be evolved from production to processing and marketing. Sue a in age will help the farm sector to produce market-driven commodities, reduce transportation costs, receive remunerative prices at farm gate, and minimise farm waste.



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Courtesy: Kurukshetra