(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