'Prime Minister's Employment Generation Programme': Common people are getting economic support
Apart from basic needs like bread, clothes and house, the biggest need of the people is “employment”. Keeping this in mind, at present the central government is running a great scheme like 'Prime Minister's Employment Generation Program' (PMEGP).
Record made for highest ever job creation
Look at the wonders of this scheme… In the last few years during the tenure of PM Modi, lakhs of youth have got employment through this scheme. Yes, just recently KVIC i.e. 'Khadi and Village Industries' has also created the record of highest ever employment generation in the financial year 2021-22.
One creed doing two plans
If seen, then the phrase 'Ek panth do kaj ka' also fits perfectly on this plan. In fact, while the 'Prime Minister's Employment Generation Program' is providing employment to the youth of the country on the one hand, on the other hand, it is also giving new impetus to all the work areas that have become sluggish after the Kovid crisis and lockdown.
boon for financially weak people
Through this scheme new enthusiasm and passion is being seen among the youth. Perhaps this is the reason why the Young Mind Generation, which has taken advantage of the Prime Minister's Employment Generation Program, is illuminating the name of the country all over the world today. India's products are getting new recognition all over the world. For the financially weak people, this scheme has proved to be a boon or a new life gift.
8.25 lakh employment generation registered
Talking about Khadi and Village Industries at present, Khadi and Village Industries Commission (KVIC) has broken all the previous records by creating the highest number of jobs under PMEGP in the financial year 2021-22. The Commission has recorded the highest ever employment generation of 8.25 lakhs under the Prime Minister's Employment Generation Program (PMEGP) in the financial year 2021-22. Simultaneously, the Commission also established an unprecedented 1.03 lakh new manufacturing and service units.
PMEGP scheme launched in 2008
This is the first time since the introduction of the PMEGP scheme in 2008, when KVIC has set up more than one lakh new units in a financial year. These 1,03,219 units have been set up with a total capital of about Rs 12,000 crore, in which KVIC has disbursed margin money subsidy of Rs 2,978 crore while the bank credit flow was around Rs 9,000 crore. Margin money subsidy of Rs 2,978 crore given by KVIC in the year 2021-22 is the highest such amount since 2008. This has created 8,25,752 new jobs across the country, which is the highest ever employment under PMEGP.
The most powerful measure in the self-sustainability of the Government of India
In such a situation, it would not be wrong to say that the Prime Minister's Employment Generation Program has emerged as the most powerful measure of self-sustainability of the Government of India in 2021-22. Through this program, the problem of employment in many states has been solved. Today, the Prime Minister's Employment Generation Program Scheme is playing an important role in providing self-employment to the people.
The applicant will get this help
Under this scheme, the applicant gets a loan of Rs 25 lakh on behalf of the government for setting up industries and Rs 10 lakh for investing in the service sector. Not only this, under the Prime Minister's Employment Generation Program Scheme, a subsidy of up to 15 percent is also given by the government to the applicant on taking a loan.
Objective of the plan
In fact, the Prime Minister's Employment Generation Program Scheme is an initiative of the Central Government in the direction of providing self-employment to the people. People are getting benefited by joining it. The objective of this scheme is to promote employment among the youth. Lakhs of people have got employment through this scheme in the last few years.
States compete for the benefits of the scheme
Some states have now started in the direction of making their economy number one through this scheme. Indeed, this initiative is paying off in many states. Not only this, instead of finding jobs, the beneficiaries of this scheme are also becoming job givers. According to media reports, Uttar Pradesh has become the first state to provide maximum investment and employment in the country under the Prime Minister's Employment Generation Program (PMEGP). This achievement was recorded despite the global pandemic Corona and the assembly elections held in the state.
You can also take advantage of PMEGP
After successfully running the unit started under PMEGP for three years, a loan of one crore rupees can be taken again for the expansion of the unit. On this also 15 percent subsidy is given by the government. You can also visit kviconline.gov.in for more details. PMEGP Portal implemented from 1st July 2016.
story of success
The PMEGP (Prime Minister's Employment Generation Programme) scheme helped Nardeep Singh to become a successful entrepreneur. Proudly Nardeep Singh narrates about his success, “I worked hard for the job but failed to get success. Frustrated by this, I approached the Jammu and Kashmir Khadi Village Industries Board, Udhampur. There, the district official informed me about the PMEGP scheme and assured about it. That's how an entrepreneur was born in me." He further added, “Thereafter I applied for a loan assistance of Rs 24.96 lakh for the construction of a hydraulic equipment unit. finally this applicationThe DLTFC (District Level Task Force Committee) gave its approval." Nardeep further added, “Despite the failures in life, I never compromised with my conscience. I took a risk and finally I got profit. At the moment, I am constantly trying to develop my abilities.
The Ministry of MSME is running the Prime Minister's Employment Generation Program (PMEGP) since 2008-09. Khadi and Village Industries Commission (KVIC) has been made the nodal agency at the national level to generate employment opportunities in the country by setting up micro enterprises in the non-farm sector.