ENA MSME 2018-03-01 06:54:24 <p><strong>New Delhi, Mar 1 (KNN) </strong>The Cabinet Committee on Economic Affairs chaired by the PM Narendra Modi approved the continuation of Prime Minister's Employment Generation Programme (PMEGP) beyond 12th Plan for three years from 2017-18 to 2019-20, a release from MSME Ministry informed.</p> <p>The program outlay is proposed at Rs.5,500 crore.</p> <p>Scheme will create sustainable estimated employment opportunities for 15 lakh persons in three financial years, the release said.</p> <p>A minimum target of 75 project/district is awarded to all districts of the country to achieve Inclusive Growth. Higher rate of subsidy (25% to 35%) will be applicable for women, SC/ST, OBC, Physically Disabled, NER applicants in rural areas.</p> <p>PMEGP is a major credit-linked subsidy programme being implemented by the Ministry of MSME since 2008-09.</p> <p>The Scheme is aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth in rural as well as urban areas.</p> <p>So far, a total of 4.55 lakh micro enterprises have been assisted with a margin money subsidy of Rs 9564.02 crore providing employment to an estimated 37.98 lakh persons from inception till 31.01.2018.</p> <p>Eyeing at better implementation, the process of application is made online and can be accessed using the following link <a href="https://www.kviconline.gov.in/pmegpeportal/prneqphome/index.jsp">https://www.kviconline.gov.in/pmegpeportal/prneqphome/index.jsp</a>.</p> <p><strong>(With PIB Inputs) (KNN/DA)</strong></p> 19204 http://knnindia.co.in/news/newsdetails/msme/cabinet-approves-continuation-pmegp-beyond-12th-plan-for-three-years-from-2017-18-to-2019-20 2018-03-01 06:54:24 knnindia.co.in