India, Oct. 2 -- The Government of India has issued a release:
PMEGP, a flagship initiative of the Ministry of Micro, Small and Medium Enterprises (MSME), implemented by the Khadi and Village Industries Commission (KVIC) plays a crucial role in promoting self-employment by enabling the establishment of new micro-enterprises in the non-farm sector, particularly in rural and semi-urban areas. Under the scheme, prospective entrepreneurs are provided financial assistance in the form of Margin Money (MM) subsidy on bank-sanctioned loans providing much needed impetus to enterprise creation.
Since FY 2014-15, around 8.12 lakh micro entrepreneurs have been assisted with MM Subsidy to the tune of Rs. 24,398.61 crore under PMEGP for generation of s...