PMEGP generating self-employment opportunities

Ministry of MSME, through Khadi and Village Industries Commission (KVIC), is implementing Prime Minister’s Employment Generation Programme (PMEGP) for generating self-employment opportunities in the country by setting up micro-enterprises in non-farm sector.

The number of micro-enterprises setup under PMEGP and the details of the estimated employment generated by them during the last three years, State-wise is given at Annexure.

For more information, also read – https://smeventure.com/increasing-employment-opportunities-in-msmes/

In addition , KVIC is also implementing the following programmes to provide self-employment opportunities in rural and backward areas:

1. Honey Mission: Under this programme, bee boxes with bee colonies, tool kits and training are provided to supplement the income of farmers, adivasis and rural youth as beekeepers.
2. Kumhar Sashaktikaran Programme: Under this programme, rural potters have been provided with new energy efficient equipment like Electric Pottery Wheels, Blungers, etc. along with training.

Ministry is also implementing following schemes for the promotion of Micro and Small Enterprises (MSE) sector besides PMEGP:

1. Scheme of Fund for Regeneration of Traditional Industries (SFURTI) to organize traditional industries and artisans in to collectives and provide them with sustainable employment with support in procurement of improved equipments, raw materials, construction of Common Facility Centres, training, design, and marketing support, etc.
2. Micro and Small Enterprises-Cluster Development Programme (MSE-CDP) to create Common Facility Centres, Infrastructure Development and Flatted Factory Complexes by organizing 20 or more industries of similar value chain into clusters.
3. Under Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE), collateral free credit facility (term loan and/or working capital) is extended by lending institutions to new and existing micro and small enterprises, including retail activity. The guarantee cover provided under CGTMSE extends from 50% to 85% for credit up to Rs. 2 crore.

Also watch – https://www.youtube.com/watch?v=1nqR1ObEQc4

ANNEXURE