At a virtual program organized under the Prime Minister’s Employment Generation Program (PMEGP), the Khadi and Village Industries Commission (KVIC) disbursed a margin money subsidy of Rs 300 crore (approximately $34.8 million) to 8,794 beneficiaries nationwide.
The disbursement program was attended by participants from all six zones across India. The South Zone received approval for 2,445 projects, followed by the Central Zone with 2,366 projects. Eastern India and the Northeast accounted for 2,167 projects, while the Northern Zone had 1,320 projects, and the Western Zone saw 496 projects approved.
Highlighting the impact of the program, Manoj Kumar, Chairman, KVIC, stated, the PMEGP scheme has currently established a strong and effective foundation for self-employment in India. Khadi and Village Industries is not just a product today, but it embodies the vision of Aatmanirbhar Bharat (Self-Reliant India), he emphasized.
The scheme has not only provided employment to millions of youth but has also connected them with the power of entrepreneurship, Kumar added.
Since its inception through the FY24-25, the PMEGP has supported 1,018,185 micro-enterprises, sanctioning a total of Rs 73,348 crore in loans. This ongoing initiative continues to play a crucial role in empowering individuals and stimulating economic growth at the grassroots level across India.
