Blitz Bureau
NEW DELHI: The Prime Minister’s Employment Generation Programme (PMEGP) is a flagship credit-linked subsidy scheme, which aims to generate self-employment opportunities by supporting the establishment of new micro enterprises in non-farm sectors.
The maximum project cost eligible for margin money subsidy is Rs 50 lakh for the manufacturing sector and Rs 20 lakh for the service/business sector. From FY 2021-22 to FY 2025-26, the PMEGP has supported the establishment of over 5.8 lakh projects.
The PM Vishwakarma Scheme provides end-to-end holistic support to artisans and craftspeople who work with their hands and tools. The scheme provides a comprehensive package of support across 18 traditional trades. Collateral-free Enterprise Development Loans of up to Rs 3 lakh are provided.
As of March this year, over 30 lakh artisans have registered under the PM Vishwakarma Scheme. Among them, more than 26.7 lakh beneficiaries have completed skill verification, while over 23.7 lakh have undergone basic training.