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KVIC created over 20 lakh new jobs in last five years under PMEGP: Chairman

In 2018-19, the KVIC, the nodal agency of PMEGP, had been given a target of setting up 70,386 new PMEGP projects

Press Trust of India  |  New Delhi 

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The has created over 20 lakh new jobs in the last five fiscals under the ambitious Programme (PMEGP), the commission's top official has said.

chairman Vinai Kumar Saxena said the Commission has always achieved more than 100 per cent success rate in execution of the

He said that prior to 2014-15, the achievement rate was never over the stipulated target. But in the last five fiscals, due to the push given by Prime Minister Narendra Modi, to digital India, the succeeded in surpassing the targets.

"Incredible it may sound, amid much debate about job crisis in the nation, the Khadi and Village Industries Commission, leading from the front, has created 20,63,152 new jobs and set up 2,67,226 new projects under its ambitious Programme (PMEGP) in the last five fiscals, i.e. between 2014-15 to 2018-19," Saxena told PTI.

In 2018-19, the KVIC, the nodal agency of PMEGP, had been given a target of setting up 70,386 new projects disbursing margin money of Rs 1,968.80 crore for creating 5,62,351 employments, he said.

"Surprisingly, the achieved 105.05 percent success in this process as it had set up 73,408 new projects, disbursing margin money of Rs 2068.31 crore and creating 5,87,264 new employments," He said.

"Surpassing the target, however, is not a new phenomenon for KVIC in the last five financial year. Barring 2015-16, it has always achieved more than 100 percent success in execution of PMEGP," He said.

While in the 2014-15 the achievement percent was 102.70 per cent, it was 118.29 and 112.17 per cent in 2016-17 and 2017-18 respectively.

"Success in is manifestation of Prime Minister Narendra Modi's vision of The KVIC as the nodal agency of the PMEGP scheme, had taken various steps of digitalisation to increase organisational capacity to meet the various requirements towards implementation of this scheme.

"Earlier PMEGP was implemented off-line. But from July 1 2016, KVIC launched online portal. The software used for digitalisation of PMEGP was developed in-house by the IT team of the KVIC, saving approximately Rs 20 crore of the government exchequers as some external agency could have charged this for it," Saxena said.

He said The online portal has brought transparency and expedited disbursement of margin money subsidy under the PMEGP.

"The KVIC has introduced online submission of application by the prospective beneficiaries and the payment of Margin Money subsidy is directly made into the beneficiary account through Direct Benefit Transfer (DBT). With the digitalization of the whole process, not only the applicants can now track the status of their applications at any point of time, it had also taken out even the minor chance for middlemen to bluff the applicants," he said.

First Published: Sun, April 14 2019. 16:40 IST