New scheme for MSME be launched in the Q1 of 2008-09

23 Apr '08

1 min read

The Government, in the Ministry of Micro, Small and Medium Enterprises, has proposed to introduce a new scheme titled 'Prime Minister's Employment Generation Programme” (PMEGP)' by merging the existing scheme of 'Prime Minister's Rozgar Yojana' (PMRY) with another scheme of this Ministry called 'Rural Employment Generation Programme' (REGP).

People from rural as well as urban areas of the country are proposed to be benefited under this proposed scheme. Under this scheme, financial assistance in the form of subsidy/margin money is to be provided for setting up of units costing up to Rs. 25 lakh with increased levels of subsidy for smaller value projects and those taken up by beneficiaries belonging to marginalized sections of society.

The scheme has been proposed to be implemented through Kadhi and Village Industries Commission (KVIC), State/UT Khadi and Village Industries Boards (KVIBs) and District Industries Centres(DICS) of state Governments.

The details are under finalisation. The scheme is likely toF be launched in the first quarter of 2008-09.

This information was given by the Minister of Micro, Small & Medium Enterprises, Shri Mahabir Prasad in a written reply to a question in Lok Sabha.

Press Information Bureau Government of India

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