(The Gist of PIB) Prime Minister’s Employment Generation Programme

Prime Minister’s Employment Generation Programme

• The Government of India held a Meeting to review the Prime Minister’s Employment Generation Programme (PMEGP), a flagship scheme of the Ministry of MSME.

About:

• PMEGP is a credit linked subsidy scheme which promotes self-employment through setting up of micro enterprises, where subsidy up to 35 percent is provided by the Government through Ministry of MSME for loans up to Rs. 25 lakhs in manufacturing and Rs 10 lakhs in service sector.
• To give further boost to the scheme, the target in the current year has been increased to support the establishments of 80,000 units.

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Courtesy: PIB