Job creation under PMEGP

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Capital Market
Last Updated : Jan 02 2018 | 4:32 PM IST
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
(Rs. in crore) Micro- enterprises setup
(in Nos.) Employment generated
(in Nos) Employment generated
per unit2012-13 1080.66 57884 428246 7.392015-16 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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S. No. Year NCU Consumption (LMT)1. 2014-15 306.12. 2015-16 306.353. 2016-17 296.14

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First Published: Jan 02 2018 | 4:09 PM IST

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