Nagaland allotted INR 29.18 crore through Prime Minister’s Employment Generation Programme in 2023-24

• KOHIMA — The Ministry of Micro, Small and Medium Enterprise (MSME) has assisted 517 units in Nagaland and fund amounting to INR 29.18 crore as margin money (MM) was disbursed during 2023-24 through the Prime Minister’s Employment Generation Programme (PMEGP).
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• In an update, the ministry informed that the central government supplements the efforts of the states through various schemes and programmes for development of MSMEs in the country.
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• Under the Credit Guarantee Scheme for Micro and Small Enterprises, Nagaland has a total of 1,563 credit guarantees and an amount of INR 160 crore was approved during 2023-24, it stated.

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• The MSME Ministry and Small Industries Development Bank of India (SIDBI) jointly instituted Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE) in the year 2000, to provide credit guarantee for the loans extended by member lending institutions to MSEs without collateral security and third-party guarantee.
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• Some of the schemes include PMEGP, Credit Guarantee Scheme for Micro and Small Enterprises, PM Vishwakarma Scheme, Entrepreneurship and Skill Development Programme Scheme, Micro and Small Enterprises—Cluster Development Programme, Raising and Accelerating MSME Performance, MSME Champions Scheme and many others.
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• The schemes implemented by the Ministry of MSME are central sector and demand-driven schemes and funds are not allocated state-wise.
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• A total of 6,13,37,576 MSMEs are registered on Udyam portal including informal micro enterprises with an employment of 26,09,22,301 persons till March 15, 2025, the ministry stated.
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• It also stated that PMEGP is a credit-linked subsidy programme aimed at generating self-employment opportunities, through establishment of microenterprises in the non-farm sector, by helping traditional artisans and rural or urban unemployed youth.
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• Additionally, the margin money subsidy ranging from 15% to 35% of project cost, for projects up to INR 50 lakh in manufacturing sector and INR 20 lakhs in the service sector, is provided.
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• Under the scheme, margin money subsidy for general category beneficiaries is 25% in rural areas and 15% in urban areas. For beneficiaries belonging to special categories, including women, margin money subsidy is 35% in rural areas and 25% in urban areas.