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Ministry of Micro,Small & Medium Enterprises

PRIME MINISTER’S EMPLOYMENT GENERATION PROGRAMME (PMEGP)

Posted On: 22 JUL 2024 4:41PM by PIB Delhi

Ministry of MSME, through Khadi and Village Industries Commission, is implementing Prime Minister’s Employment Generation Programme (PMEGP) for assisting entrepreneurs in setting up of new micro units in the non-farm sector. It aims to provide employment opportunities to traditional artisans/ rural and urban unemployed youth at their doorstep.The target and achievements under the scheme during last five years and current year is given below:

 

Financial Year

Target

Achievement

Margin Money to be utilized.

(Rs. Cr.)

No. of Units to be assisted

Margin money subsidy utilized (Rs Cr.)

No. of units assisted

2019-20

2,396.44

79,236

1,950.82

66,653

2020-21

2,289.69

78,625

2,188.80

74,415

2021-22

2,850.00

92,666

2,977.66

1,03,219

2022-23

2,434.01

83,210

2,722.17

85,167

2023-24

2,650.01

80,120

3,093.88

89,118

2024-25*

2,250.00

79,478

299.25

7,444

* Data up to 12.07.2024 for FY2024-25

 

Since inception of the scheme from FY 2008-09, more than 9.65 lakh micro enterprises have been assisted across the country with a Margin Money (MM) subsidy of more than Rs. 25,263.33 Crore providing estimated employment to 78.84 lakh persons.

Estimated Employment generated under PMEGP schemeduring the last five years and current yearin Uttar Pradesh, especially in rural areas is given below:

 

Sr. No.

Financial Year

Units Assisted in Rural Areas

Estimated Employment generated in Rural Areas

No. of Units Assisted

Estimated Employment generated

1

2019-20

5096

40768

6,120

48,960

2

2020-21

8241

65928

9,994

79,952

3

2021-22

10354

82832

12,594

100,752

4

2022-23

9660

77280

11,601

92,808

5

2023-24

9270

74160

11,689

93,512

6

2024-25*

1798

14384

1886

15088

* Data up to 12.07.2024 for FY2024-25

 

Under PMEGP, there is no specific target set for women entrepreneurs. However, women are considered under special categories under the scheme and are eligible for higher Margin Money subsidy and lower personal contribution. The details of women led units assisted under PMEGP from FY 2018-19 to FY 2024-25 (up to 12.07.2024) are given below:

 

Financial Year

Women led Units Assisted

2019-20

24,720

2020-21

27,285

2021-22

39,158

2022-23

32,626

2023-24

36,806

2024-25*

3,067

* Data up to 12.07.2024 for FY2024-25

 

Additional steps being taken by the Government to make this scheme successful are given below:

  1. Maximum project cost admissible has been enhanced from Rs. 25 Lakhs to Rs. 50 Lakhs for Manufacturing sector and from Rs. 10 Lakhs to Rs. 20 Lakhs for Service sector.
  2. Applicants from Aspirational districts and Transgenders have been included in Special Category.
  3. Industries related to Animal Husbandry like dairy, poultry, aquaculture, insects (bees, sericulture, etc.) have been allowed under the scheme.
  4. COVID years i.e., FY2020-21 and FY2021-22 have been exempted while considering profitability of existing PMEGP/ REGP/ MUDRA units applying for 2nd Loan under PMEGP.
  5. No mandatory EDP for project cost up to Rs.2 lakh and shorter period of training (up to 5 days) for projects up to Rs.5 lakh.
  6. Awareness camps, workshops and exhibitions at all levels are being organized for creating awareness about the scheme among the prospective entrepreneurs.
  7. Publicity of PMEGP scheme through print and electronic media.

This information was given by Minister of State for Ministry of Micro, Small & Medium Enterprises, Sushri Shobha Karandlaje in a written reply in Rajya Sabha today.

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MG/SK



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