In a major push towards self-employment and rural entrepreneurship, the Khadi and Village Industries Commission (KVIC) disbursed margin money subsidy worth ₹300 crore to 8,794 beneficiaries under the Prime Minister’s Employment Generation Programme (PMEGP). The virtual event, organized from KVIC’s Central Office in Mumbai, was presided over by KVIC Chairman Manoj Kumar.
Terming the initiative a “strong step towards self-reliance and self-sufficiency”,Manoj Kumar credited Modi’s leadership for empowering grassroots entrepreneurs and building an ecosystem of Aatmanirbhar Bharat. KVIC CEO Ms. Roop Rashi and senior officials also attended the occasion.
This subsidy corresponds to loan sanctions totaling ₹884 crore across six zones of India, supporting both urban and rural employment.
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South Zone (Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Kerala, Puducherry): ₹80.26 crore for 2,445 projects
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Central Zone (UP, MP, Chhattisgarh, Uttarakhand): ₹91.13 crore for 2,366 projects
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Eastern & Northeast Zone (Bihar, Odisha, Assam, etc.): ₹62.68 crore for 2,167 projects
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North Zone (HP, Punjab, J&K, Rajasthan): ₹41.80 crore for 1,320 projects
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Western Zone (Gujarat, Maharashtra, Goa): ₹24.12 crore for 496 projects
The disbursement drive covered a diverse cross-section of the country, promoting self-employment and local manufacturing in both urban and rural areas.
Since its inception, PMEGP has led to the creation of 10.18 lakh micro-enterprises across India. The scheme has:
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Facilitated ₹73,348 crore in sanctioned loans
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Disbursed ₹27,166 crore in margin money subsidy
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Generated employment for over 90 lakh individuals, directly or indirectly
With this latest initiative, KVIC reaffirmed its commitment to inclusive growth, entrepreneurship, and self-sufficiency through grassroots initiatives.
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