(THE GIST OF PIB) Prime Minister Employment Generation Programme (PMEGP)
(THE GIST OF PIB) Prime Minister Employment Generation Programme (PMEGP)
(AUGUST-2024)
Prime Minister Employment Generation Programme (PMEGP)
KVIC and Department of Posts collaborate to boost PMEGP Implementation across India.
About PMEGP:
- PMEGP is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises.
Objectives:
- To generate employment opportunities in rural as well as urban areas of the country through setting up of new self-employment ventures/projects/micro enterprises.
- To bring together widely dispersed traditional artisans, rural and urban unemployed youth and give them self-employment opportunities to the extent possible, at their place.
- To provide continuous and sustainable employment to a large segment of traditional and prospective artisans and rural and urban unemployed youth in the country, so as to help arrest migration of rural youth to urban areas.
- To increase the wage-earning capacity of workers and artisans and contribute to increase in the growth rate of rural and urban employment.
Eligibility:
- Individuals above 18 years of age.
- There will be no income ceiling for assistance for setting up projects under PMEGP.
- For setting up of projects costing above 10 lakh in the Manufacturing sector and above Rs. 5 lakh in the Business /Service sector, the beneficiaries should possess at least VIII standard pass educational qualification.
- Implementing Agency: Khadi and Village Industries Commission (KVIC)
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Courtesy: PIB