The Prime Minister's Employment Generation Programme (PMEGP) has been implemented since 2008-09 as a major credit-linked subsidy scheme by the Ministry of Micro, Small, and Medium Enterprises (MSME). Khadi and Village Industries Commission acts as the nodal agency at the national level. This scheme helps create employment opportunities by establishing micro-enterprises in the non-agricultural sector, particularly in Uttarakhand.
PMEGP is a central scheme that provides margin money (MM) subsidies of 25% of the project cost for beneficiaries in rural areas and 15% for those in urban areas. For special categories such as Scheduled Castes, Scheduled Tribes, Other Backward Classes, minorities, women, ex-servicemen, persons with disabilities, transgender people, beneficiaries from North-East and border areas, and aspirational districts, the subsidy is 35% in rural areas and 25% in urban areas.
Support for Upgradation and Expansion of Enterprises: Since 2018-19, PMEGP and Mudra schemes have provided second loans to assist successful existing enterprises in upgrading and expanding their operations.
PMEGP is a central scheme, and no separate budget allocation is made for states. The utilization of the budget is based on demand and loans approved by financial institutions.
A budget of ₹13,554.42 crore has been approved for PMEGP for the financial years 2021-22 to 2025-26.
Subsidy of ₹12.01 crore released under PMEGP: In the financial year 2024-25, a margin money subsidy of ₹12.01 crore was provided to 430 beneficiaries in Uttarakhand. Additionally, subsidy claims worth ₹8.08 crore for 77 beneficiaries are still pending. This information was shared by the Minister of State for Micro, Small and Medium Enterprises, Smt.
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