(FREE) UPSC Current Affairs 2024 PDF

(THE GIST OF PIB) Prime Minister Employment Generation Programme (PMEGP)

(AUGUST-2024)

KVIC and Department of Posts collaborate to boost PMEGP Implementation across India.

PMEGP is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises.

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.

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)