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Press Information Bureau
Government of India
Ministry of Micro,Small & Medium Enterprises
03-December-2010 17:53 IST
Rural Industrialisation
The Ministry of Micro, Small and Medium Enterprises has been implementing a credit-linked subsidy programme named “Prime Minister’s Employment Generation Programme” (PMEGP) since 2008-09 for generating self employment through establishment of micro enterprises by providing margin money assistance to beneficiaries desirous of setting up new units. This is expected to accelerate rural industrialization in the country by creating a strong entrepreneurial base.

A total of 1,34,641 projects have been sanctioned by various banks under PMEGP on the basis of recommendations of various District Level Task Force Committees till date, of which subsidy has been disbursed in 87,901 cases till 30 November 2010 for setting up micro enterprises, including those in rural areas.

Besides PMEGP, the Ministry with the approval of Cabinet Committee on Economic Affairs in 2006 established a national level institution named ‘Mahatma Gandhi Institute for Rural Industrialization (MGIRI)’ at Wardha by revamping the erstwhile Jamnalal Bajaj Central Research Institute, to accelerate the process of rural industrialization in the country along the lines of Gandhian vision of sustainable and self reliant village economy and to provide science and technology support to upgrade the products of rural industry so that they gain wide acceptability in the local and global markets.

This information was given by the Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Shri Dinsha Patel in a written reply to a question in the Rajya Sabha today.

RTS/VN