Job creation under PMEGP

Ministry of Micro, Small and Medium Enterprises (MSME) is implementing Prime Minister's Employment Generation Programme (PMEGP), which is a major credit-linked subsidy programme, aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth in rural and urban areas.

The rate of job creation under PMEGP for the financial years 2015 - 16 and in the corresponding period of 2012-13 is given below:

Year

Margin Money subsidy disbursed

Micro- enterprises setup

Employment generated

Employment generated per unit

2012-13

1080.66

57884

428246

7.39

2015-16

1020.06

44340

323362

7.29

As per the evaluation study of PMEGP units setup during 2012-13 to 2016-17, conducted by MDI, Gurugram, average employment generation per project is 7.62 and the average cost of generating unit employment is Rs.96,209.00.

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