New Delhi: The Government has released one thousand crore rupees in Margin Money subsidy under the Prime Minister’s Employment Generation Programme (PMEGP).
The subsidy was released by Minister for Micro, Small and Medium Enterprises Jitan Ram Manjhi during a special function organised by the Ministry in New Delhi. The release of the subsidy will facilitate support to more than 11 thousand beneficiaries under PMEGP. These beneficiaries have received bank-sanctioned project loans amounting to approximately over three thousand 200 crore rupees for setting up new micro-enterprises across various sectors.
Speaking on the occasion, Mr Manjhi reiterated the Government’s commitment to ensuring that aspiring entrepreneurs, particularly those from rural areas, women, Scheduled Castes, Scheduled Tribes, Other Backward Classes, and economically weaker sections, receive adequate institutional support to transform their entrepreneurial aspirations into successful enterprises.
PMEGP is one of the flagship credit-linked subsidy programmes of the government aimed at creating sustainable self-employment opportunities through establishment of new micro-enterprises in the non-farm sector.
[AIR news]