Khadi and Village Industries Commission disburses over INR 300 crore subsidy to 11,480 service sector beneficiaries under PMEGP

NEW DELHI — Khadi and Village Industries Commission (KVIC) has disbursed margin money subsidy of INR 300 crore to 11,480 service sector beneficiaries across the country under the Prime Minister’s Employment Generation Programme (PMEGP).

This disbursement was done against loan sanction of INR 906 crore, according to Ministry of Micro, Small and Medium Enterprises.

KVIC Chairman Manoj Kumar said that under the leadership of Prime Minister Narendra Modi, the vision of 'Self-reliant and Developed India' is being recognised and PMEGP scheme has become its strong pillar.

He reiterated that this scheme is not limited to providing only financial assistance, but has also become a social movement which is connecting lakhs of youth, women and artisans with self-employment and entrepreneurship.

The role of this scheme has been significant in creating employment and self-reliance in every village, he added.

All the six zones of the country actively participated in this disbursement programme. Under the Central Zone, subsidy of INR 72 crore was disbursed for a total of 2,403 projects in Uttar Pradesh, Madhya Pradesh, Chhattisgarh and Uttarakhand for which a total loan of INR 218 crore was sanctioned.

In the East Zone, subsidy of INR 22 crore was disbursed to 996 projects in Bihar, Jharkhand, Odisha, West Bengal and Andaman & Nicobar Islands while loan sanction was about INR 71 crore.

For Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir, Ladakh, Rajasthan and Union Territory Chandigarh, a total of 2,713 projects were given subsidy of INR 61 crore and loan of INR 184 crore was sanctioned for these projects.

The 81 projects of northeast region received subsidy of INR 2 crore, which included states like Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.

For Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Kerala and Puducherry, a subsidy of INR 116 crore was disbursed covering 4,565 projects, while loans of more than INR 343 crore were sanctioned for these projects.

In the west zone states of Maharashtra, Gujarat and Goa, a subsidy of more than INR 26 crore was disbuINRed for a total of 722 projects, against the loan sanction of INR 82 crore, informed KVIC.