Centre has distributed margin money worth Rs 100.29 crore distributed among 3,223 beneficiaries under Prime Minister Employment Generation Program (PMEGP scheme.
In a statement, the Ministry of Micro, Small and Medium Enterprises said that 26,000 new jobs were generated.
Under this, Rs 59.06 crore was released to 1,829 beneficiaries in Uttar Pradesh, Rs 25.45 crore to 856 beneficiaries in Madhya Pradesh, Rs 09.30 crore to 278 beneficiaries in Chhattisgarh and Rs 9.30 crore to 260 beneficiaries in Uttarakhand.
“Various banks have sanctioned a total loan of Rs 299.94 crore to these beneficiaries,” the ministry added.
Notably, under the PMEGP scheme, any entrepreneur can set up a unit up to Rs 50 lakh in the manufacturing sector and up to Rs 20 lakh in the service sector.
For establishing these units, 15 per cent to 25 per cent of the entire project cost is provided to the beneficiaries in urban areas and 25 per cent to 35 per cent in rural areas as granted by the government.
Along with this, free entrepreneurship development training is also provided to the beneficiaries after loan approval to make them established entrepreneurs.
Manoj Kumar, Chairman, Khadi and Village Industries Commission who released the grant opined that up to the year 2021-22, 7.84 lakh units have been established under PMEGP, through which employment opportunities have been made available to about 63 lakh people.
“And today about 26,000 new employment opportunities will be created through the disbursement of a margin money grant amount of Rs 100.29 crore to 3,223 beneficiaries,” he said.
He inspired the beneficiaries to run the units successfully to build a strong, self-reliant and prosperous nation.