Ministry of Micro,Small & Medium Enterprises
azadi ka amrit mahotsav

Employment To Youth By MSMEs

Posted On: 20 JUL 2023 5:32PM by PIB Delhi

Ministry of Micro Small and Medium Enterprises, MSME, through Khadi & Village Industries Commission, is implementing Prime Minister’s Employment Generation Programme (PMEGP) in the country including Madhya Pradesh State to set up new micro units. Under PMEGP, General Category beneficiaries can avail Margin Money subsidy of 25% of the project cost in rural areas and 15% in urban areas. For Special Categories such as SC / ST / OBC / Minorities / Women / Ex-serviceman / Transgenders / Differently-abled / NER / Aspirational Districts / Hill and Border areas etc., the Margin Money subsidy is 35% in rural areas and 25% in urban areas. The maximum cost of project is Rs. 50 lakh in the manufacturing sector and Rs. 20 lakh in the service sector.

Performance of PMEGP Scheme in the Madhya Pradesh State during last five years is given below:

 

Year

In Madhya Pradesh

In Gwalior District

Project

Margin Money

(Rs. in lakh)

Estimated Employment

Project

Margin Money

(Rs. in lakh)

Estimated

Employment

2018-19

2526

10002.28

20208

62

322.38

496

2019-20

2175

8063.63

17400

36

176.73

288

2020-21

4854

13808

38832

99

411.7

792

2021-22

8082

20961.46

64656

250

854.35

2000

2022-23

5957

18129.7

47656

142

464.03

1136

 

The targets of setting up new projects/units under PMEGP in Madhya Pradesh State and Gwalior District for FY 2023-24 are as follows:

 

FY

2023-24

In Madhya Pradesh

In Gwalior District

Project

Project

Targets

5528

97

 

This information was given by Minister of State for Micro Small and Medium Enterprises, Shri Bhanu Pratap Singh Verma in a written reply to the Lok Sabha.

 

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MJPS/NSK



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