Central Govt. Approves Prime Minister Employment Generation Programme (PMEGP) & other Credit Support Schemes

Published Date - 04 March 2018 05:45:43 Updated Date - 15 April 2018 02:19:20

As per the latest updates from the central Government, it has announced to extend the continuation of the PMEGP (Prime Minister Employment Generation Program). The government has announced to offer an extension till 2019-20 Fiscal Year. The sources have also confirmed that the approval was presided by the PM Narendra Modi. Under the extension scheme the government aims at generating employment to help 15 lakh people get jobs. The government has also sanctioned a set budget of Rs 5500 crore that will be invested under this extension scheme.

Cabinet Committee on Economic Affairs (CCEA) approves to continue PMEGP Scheme beyond 12th plan for 3 years (i.e from 2017-18 to 2019-20). Khadi and Village Industries Commission (KVIC) is selected agency for its implementation at the national level. Moreover at State / District Level, State offices of KVIC, Khadi and Village Industries Boards (KVIBs) and District Industry Centres (DIC) are the implementing agencies.

Interested and eligible candidates can fill the PMEGP Application Form 2018 through the pmegp official website before the closure date.

Prime Minister Employment Generation Programme (PMEGP) Application Form

Below is the complete procedure to apply online at PMEGP e-portal:-

  • Firstly visit the official website my.msme.gov.in or kviconline.gov.in
  • Subsequently on the homepage, click the ” Prime Minister Employment Generation Programme (PMEGP)” or “PMEGP ePortal” link
  • Direct Link – To fill PMEGP Application Form, candidates can directly click the link for pmegp homepage – https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp
  • Afterwards, click “Online Application Form For Individual” link to fill the application form for individual.
  • Then Prime Minister Employment Generation Programme (PMEGP) Application Form will appear .
  • Here candidates have to fill all the details and click the “Submit” button to complete the pmegp registration process.
  • Finally, registered candidates can make “PMEGP Login (Applicant)” and fill the remaining application form to complete the application process.
 

All the applications by the individuals received on the PMEGP e-Portal will get processed online. Candidates must read the pmegp guidelines to fill the online application form. Moreover, non-individuals / groups can also fill the application form through the link – PMEGP Application Form (Non-Individual)

 

Implementation details

As per the statements from the sources, the new scheme for implementation was passed by the central government. The government has also announced to launch the scheme online via official web portal at kviconlin.gov.in which is official PMEGP web site.

Extension plan details

  • As per the approval by the Cabinet committee the new extension of the scheme will be done of the period 2017-18 and 2019-20 under the 12th The implementation of the scheme will be solely supervised by KVIC (Khadi and Village Industries Commission).
  • The KVIC will monitor the implementation at the National level while KVIB (Khadi and Village Industries Boards) will monitor the scheme at the state and district level along with DIC (District Industry Centers).
  • The candidates who are interested may easily fill in the application forms online over the web portal at PMEGP for 2018.

 

PMEGP Parameters

Central govt. will fix the targets taking into account the following parameters:-

  • Extent of Backwardness of the State.
  • Extent of Unemployment and fulfillment of previous year targets.
  • Population of State / Union Territory.
  • Availability of Traditional Skills and Raw Material.
 

Central govt. assigns a minimum target of 75 project / district is awarded to all districts on the basis of pmegp application project report to achieve Inclusive Growth. Subsequently, Higher rate of subsidy (25% to 35%) will be applicable for women, SC/ST, OBC, Physically Disabled, NER applicants in rural areas.

The entire process of application flow and fund flow has been made online. This includes receipt of application, processing, sanction by banks, transfer of margin money subsidy on pmegp loan and creation of Term Deposit Receipt (TDR) in applicant’s name.

PMEGP Scheme – Modifications / Improvements

CCEA has approved the following modifications in the PMEGP Scheme 2018 which are as follows:-

  1. Second loan amounting to Rs. 1 crore to existing and better performing PMEGP units to upgrade themselves with subsidy of 15%.
  2. Provision of Merging Coir Udyami Yojana (CUY) in PMEGP.
  3. Concurrent monitoring and evaluation introduction.
  4. Compulsory Aadhaar and Pan Card.
  5. Geo-tagging of PMEGP units.
  6. PMEGP ammendment – serving / selling non-vegetarian food at Hotels / Dhabas and Off Farm / Farm Linked activities are approved.
  7. Dispensing the ratio of 30:30:40 for KVIC:KVIB:DIC.
  8. Working capital component for manufacturing units is fixed to 40% of the total project cost. Moreover for service / trading sector, capital component is fixed to 60% of project cost.
 

PMEGP 2018 – Details

PMEGP is credit-linked subsidy programme by Ministry of Medium, Small and Micro Enterprises (MSME) operational since 2008-09. Subsequently, pmegp scheme will create self-employment opportunities through establishment of micro-enterprises in the non-farm sector.

Accordingly, central govt. provides financial assistance to help traditional artisans and unemployed youth in rural / urban areas. Central govt. has already given margin money subsidy of Rs 9564.02 crore to 4.55 lakh micro enterprises. Henceforth, this scheme has created job opportunities to 37.98 people till 31 January 2018.

References

— For any further query, candidates can send an e-mail to pmegpeportal.kvic@gov.in

 


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