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KVIC issues revised guidelines to expedite PMEGP projects
15 May '20
2 min read
Pic: Shutterstock
A day after Prime Minister Narendra Modi urged Indians to use local products, the Khadi and Village Industries Commission (KVIC) issued revised guidelines to expedite the implementation of projects under the flagship Prime Minister’s Employment Generation Programme (PMEGP). Concerned agencies have been asked to scrutinise PMEGP applications and forward it to banks for disbursal of funds within 15 days instead of 26 days earlier.
KVIC chairman Vinai Kumar Saxena said KVIC is committed to hand-holding the upcoming projects under PMEGP.
It will be mandatory for implementing agencies to guide and hand-hold the applicants for formulation of proposals and assist them till sanction of loan. All agencies will follow-up with banks for early sanction of loans, according to a KVIC press release.
According to the revised guidelines, the monitoring cell at KVIC Mumbai will monitor the application process on a daily basis while it will be giving feedback to the implementing agencies every fortnight. The progress report, thereafter, shall be placed for perusal of the chief executive officer and chairman of KVIC.
To boost the local production, it has been decided that at least one unit each pertaining to manufacture of N95 masks, ventilators or its accessories, personal protective equipment kits for medical staff, sanitisers or liquid hand wash, thermal scanner and incense sticks and soap will be set up in each district.
According to the revised guidelines, the implementing agencies, at the time of scrutiny, must ensure that the applicant has secured at least 60 marks out of 100 in the score card. Similarly, technical feasibility like availability of raw material, manpower, access to transport and electricity must be examined so as to reduce rejections at the bank level.
Similarly, the implementing agencies shall also examine the market study, assessment of demand of the proposed product, similar projects in the vicinity and the market strategy. The agencies will ensure that the proposal falls under the selected bank’s jurisdiction to avoid rejection on that ground.
KVIC chairman Vinai Kumar Saxena said KVIC is committed to hand-holding the upcoming projects under PMEGP.
It will be mandatory for implementing agencies to guide and hand-hold the applicants for formulation of proposals and assist them till sanction of loan. All agencies will follow-up with banks for early sanction of loans, according to a KVIC press release.
According to the revised guidelines, the monitoring cell at KVIC Mumbai will monitor the application process on a daily basis while it will be giving feedback to the implementing agencies every fortnight. The progress report, thereafter, shall be placed for perusal of the chief executive officer and chairman of KVIC.
To boost the local production, it has been decided that at least one unit each pertaining to manufacture of N95 masks, ventilators or its accessories, personal protective equipment kits for medical staff, sanitisers or liquid hand wash, thermal scanner and incense sticks and soap will be set up in each district.
According to the revised guidelines, the implementing agencies, at the time of scrutiny, must ensure that the applicant has secured at least 60 marks out of 100 in the score card. Similarly, technical feasibility like availability of raw material, manpower, access to transport and electricity must be examined so as to reduce rejections at the bank level.
Similarly, the implementing agencies shall also examine the market study, assessment of demand of the proposed product, similar projects in the vicinity and the market strategy. The agencies will ensure that the proposal falls under the selected bank’s jurisdiction to avoid rejection on that ground.
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