New Delhi, May 7 -- The Prime Ministers Employment Generation Programme (PMEGP), a flagship scheme of the Ministry of Micro, Small and Medium Enterprises, has recorded strong performance during the 15th Finance Commission cycle, supporting micro-enterprise development and employment generation across the country.
Implemented through the Khadi and Village Industries Commission (KVIC), the scheme provides margin money subsidies on bank loans to help first-generation entrepreneurs establish micro-enterprises in the non-farm sector, particularly in manufacturing and services.
Between FY 2021 22 and FY 2025 26, PMEGP facilitated the establishment of 4,03,706 micro-enterprises, marginally exceeding the target of 4,02,000 units. The scheme als...