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Knowledge & News Network (KNN)
- Jan 11

8.34 lakh MSME units aided with Rs 20,643 cr margin money subsidy under PMEGP

Since the incept ion of Prime Minister’s Employment Generation Programme (PMEGP) in 2008-09, about 8.34 lakh units have been assisted with Margin Money subsidy of Rs 20,643 crore, informed Minister of State for MSME, Bhanu Pratap Singh Verma in a written reply in Rajya Sabha on Monday. The scheme has so far helped in generating estimated employment for about 68 lakh youths across the country. Ministry of MSME, through Khadi and Village Industries Commission (KVIC) is implementing PMEGP to facilitate generation of employment opportunities by assisting in setting up of micro-enterprises in non-farm sector.

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