Home / Knowledge / News / Textiles / KVIC appointed as nodal agency for PMEGP scheme
KVIC appointed as nodal agency for PMEGP scheme
31
Aug '10
The government recently stated that, it has set aside Rs. 9.06 billion for execution of the Prime Minister's Employment Generation Programme (PMEGP) Scheme during 2010-11 fiscal.

Micro, Small and Medium Enterprises (MSMEs) Minister Dinsha Patel informed that, of the total amount of Rs. 9.06 billion that has been set aside for the purpose in accordance with the budgetary estimates, Rs. 8.36 billion is intended to be given as margin money subsidy.

Under the PMEGP Scheme, subsidy to the extent of 15 percent of the project cost will be provided to the urban entrepreneurs and 25 percent to rural entrepreneurs, both belonging to general category.

While, entrepreneurs from weaker section of the society could avail this subsidy to the extent of 25 percent of the project cost for establishments in urban areas and 35 percent for rural areas.

The Scheme is intended at generation of employment by way of establishment of micro enterprises, which even includes industrial units in rural areas.

The Khadi and Village Industries Commission (KVIC), the nodal agency that has been assigned the task to implement the Scheme, delegated the job to its field officers and the Khadi and Village Industries Boards of different states, and has also set targets for them.

Under the Scheme, 39,335 units were provided assistance during 2009-10, as against 25,507 units in 2008-09, the Minister said. India has around 26 million MSME's of which 18.6 million are in service sector.

The MSME's sector's contribution to country's GDP is eight percent, while it contributes 45 percent of the country's manufactured output and 30 percent of all exports.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Bangladesh Bank

Apparel/Garments | On 22nd May 2018

Bangladesh Bank enhances EDF loan limit to $25 million

Bangladesh Bank has enhanced the loan limit under Export Development...

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search