Approximately US$ 37 million (Rs. 304.65 crores) loan and US$ 12.3 million (Rs. 100.55 crores) Margin Money Subsidy has been disbursed in the West Zone under PMEGP Scheme

Mr. Manoj Kumar, Chairman, Khadi and Village Industries Commission (KVIC), distributed a margin money subsidy of US$ 12.3 million (Rs 100.55 crores) to about 1,463 beneficiaries of Western Region (Goa, Maharashtra, Gujarat, Daman and Diu, Dadra-Nagar Haveli) against the sanctioned loan of US$ 37 million (Rs. 304.65 crores), in which margin money grant amount of US$ 3 million (Rs 24.38 crore) was disbursed to 654 beneficiaries of Maharashtra, under the Prime Ministers’ Employment Generation Programme (PMEGP), an employment-oriented flagship scheme of Government of India, implemented by KVIC.

The Chairman said that the PMEGP scheme is playing an important role in realizing the dream of a self-reliant India of the Prime Minister. KVIC is generating employment opportunities for artisans at their doorsteps in remote areas at very low cost, through its various programmes. Under the Gramodyog Vikas Yojana of KVIC efforts are being made to improve the economic and social status of more and more artisans by providing advanced training and tool kits through schemes.

Furthermore, the Chairman motivated the beneficiaries for running their units successfully, which would motivate the unemployed youth fulfil the Prime Minister of the country’s vision.

It is notable that the Prime Minister's Employment Generation Program of the Government of India is playing a vital role in providing employment to the unemployed youth of rural and urban areas.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.