The number of people who received loans to set up micro units and the subsequent employment generation under Prime Minister Employment Generation Programme (PMEGP) is at an all-time high during 2020-21 despite the COVID-19 pandemic.
About it:
The Prime Minister's Employment Generation Programme (PMEGP) was introduced as a credit-linked subsidy programme by merging the two schemes that were in operation till 31.03.2008, namely Prime Minister's Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP) for generation of employment opportunities through establishment of micro-enterprises in rural as well as urban areas.
The PMEGP is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises (MSME).
At the national level, the scheme is being implemented by the Khadi and Village Industries Commission (KVIC), a statutory organization under the administrative control of the Ministry of MSME as the single nodal agency.
At the State level, the scheme will be implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs) and District Industries Centres (DICs) and banks.
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