PMEGP Loan of Rs.298.44 crore sanctioned and PMEGP Margin Money subsidy of Rs.100.16 Crore disbursed in Bhiwani,Haryana

Chairman, Khadi and Village Industries Commission Shri Manoj Kumar released margin money grant of Rs.100.16 crore in favour of 2989 beneficiaries under Prime Minister’s Employment Generation Programme(PMEGP) Scheme. These beneficiaries have been sanctioned Rs.298.44 crore by banks for setting up enterprises under PMEGP in Jhumpa, Bhiwani ,Haryana. About 24,000 people will get additional employment through these un its set up by these beneficiaries. In addition Rs 4.44 crore margin money grant amount was also disbursed to PMEGP beneficiaries of Haryana  against the sanctioned loan amount of Rs 13.67 crore.

Speaking on the occasion Shri Manoj Kumar said that the ‘Prime Minister’s Employment Generation Program (PMEGP)’ is playing an important role in realizing  Prime Minister Shri Narendra Modi’s dream of ‘Atmanirbhar Bharat’. He said KVIC through its schemes and various programmes, is generating employment opportunities for artisans at their doorstep in remote areas at a very low cost.

On the occasion, Under the Leather Artisan’s Empowerment Program, advanced tool-kits for footwear manufacturing were distributed through online mode to 50 beneficiaries of Haryana and 50 beneficiaries each of Chomu area and Maujmabad of Rajasthan . Under the ‘Honey Mission’ scheme of KVIC, 400 Bee-boxes for bee-keeping were also distributed online to 40 trained beneficiaries of Haryana . Additionally, paper conversion machines were distributed to 20 beneficiaries of Punjab under Handmade Paper manufacturing Scheme, and peddle operated Agarbatti machines too were distributed online to 40 beneficiaries of Shivdaspura-Rajasthan under Agarbatti Nirman Yojana.

Shri Kumar said through these schemes efforts are being made to upgrade skills and improve the economic and social status of maximum artisans by providing them tool kits, so that we can move forward in building a prosperous, strong, self-reliant and happy nation. He also sad that they become an inspiration for other youth and like Prime Minister Shri Narendra Modi’s Vision  they should be able to provide jobs instead of being job seeker. Under the PMEGP scheme, Government has also increased the maximum cost of the project from Rs.25 lakh to Rs.50 lakh, and in the service sector it has been increased from Rs.10 lakh to Rs.20 lakh. To establish these PMEGP units Government provides 15% to 25% of the entire project cost as grant to the beneficiaries in urban areas, and 25% to 35% in rural areas. After loan approval, free entrepreneurship training is also provided to the beneficiaries in relation to establishment of their chosen enterprises.

Shri Kumar also interacted with artisans, representatives of Khadi institutions and entrepreneurs of Khadi and Village Industries through “Khadi Jagran” organized to encourage the ongoing Khadi and Village Industries programs in Haryana.

Source : https://www.pib.gov.in/PressReleasePage.aspx?PRID=1906836