States with smaller population take the lead under PMEGP

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News:According to the data presented by the Ministry of Micro, Small and Medium Enterprises,states with smaller population take the lead under Prime Minister’s Employment Generation Programme(PMEGP) in the last four years.

Facts:

  • The states with smaller populations such as Tamil Nadu, Assam, Karnataka and Arunachal Pradesh except Uttar Pradesh have emerged as major beneficiaries of the PMEGP in the last four years.
  • These top five States have generated 34% of the total employment opportunities created under the programme.

About Prime Minister’s Employment Generation Programme(PMEGP):

  • Prime Minister’s Employment Generation Programme (PMEGP) is a credit-linked subsidy programme introduced by the government of India in 2008.
  • The programme is a merger of two schemes namely Prime Minister’s Rojgar Yojna and Rural Employment Generation Programme. 
  • The program focuses on generating self-employment opportunities through micro-enterprise establishments in the non-farm sector by helping unemployed youth and traditional artisans.

Objectives of the programme:

  • Generation of sustainable and continuous self-employment opportunities in urban and rural areas of the country
  • Providing sustainable and continuous employment to a large segment of rural and urban unemployed youth, traditional and prospective artisans through the establishment of micro-enterprises
  • Facilitating the financial institution’s participation for higher credit flow to the micro sector.

Implementation:

  • The Ministry of MSME administers the Prime Minister’s Employment Generation Programme (PMEGP). 
  • The PMEGP Scheme is being implemented by Khadi and Village Industries Commission (KVIC) at the national level. 
  • At the State level,the Scheme is being implemented through State Khadi and Village Industries Commission Directorates, State Khadi and Village Industries Boards and District Industries Centres and banks.