New Delhi: The Ministry of Micro, Small and Medium Enterprises flagship PMEGP Scheme continues to play a crucial role in promoting entrepreneurship and generating employment opportunities across the country. Implemented through the Khadi and Village Industries Commission (KVIC), the Prime Minister’s Employment Generation Programme supports aspiring entrepreneurs in setting up new micro-enterprises in the non-farm sector.
The PMEGP Scheme provides Margin Money (MM) subsidy on bank loans to help first-generation entrepreneurs establish businesses in manufacturing and service sectors, particularly in rural areas. The initiative aims to strengthen self-employment opportunities and encourage sustainable livelihoods at the grassroots level.
Strong Performance During 15th Finance Commission Cycle
During the 15th Finance Commission cycle from FY 2021–22 to FY 2025–26, the PMEGP Scheme recorded strong performance and exceeded its enterprise creation targets.
Against an approved budgetary allocation of ₹13,554.42 crore, the scheme achieved full utilisation of funds and facilitated the establishment of 4,03,706 micro-enterprises, surpassing the original target of 4,02,000 enterprises.
The scheme also generated sustainable employment opportunities for nearly 36.33 lakh people across the country, contributing significantly to economic growth and livelihood generation.
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The performance of the PMEGP Scheme reflects the increasing demand for entrepreneurship-based initiatives and the government’s focus on strengthening India’s micro-enterprise ecosystem.
Focus on Women and Social Inclusion
One of the major highlights of the PMEGP Scheme has been its emphasis on inclusive growth and support for socially disadvantaged communities.
According to official data:
- Women beneficiaries account for nearly 40% of the total micro-enterprises supported under the scheme.
- Around 45% of the total Margin Money subsidy has been disbursed to women entrepreneurs, encouraging women-led businesses.
- Approximately 54% of beneficiaries belong to SC/ST/OBC categories, highlighting the programme’s strong social inclusion focus.
- Nearly 80% of enterprises established under the scheme are located in rural areas, promoting rural industrialisation and balanced regional development.
Driving Self-Reliance and Rural Entrepreneurship
The achievements of the PMEGP Scheme during the 15th Finance Commission cycle underline its importance in supporting self-reliance and entrepreneurship in India.
By offering credit-linked subsidies and enabling easier access to financial support, the scheme has empowered lakhs of individuals to start businesses and generate employment opportunities at the local level.
The Ministry of MSME has stated that it remains committed to further strengthening the PMEGP Scheme in the coming years with greater emphasis on innovation, scalability, and wider outreach to aspiring entrepreneurs across India.
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