Self Employment Under Prime Minister Rozgar Yojana

New Delhi, December 27, 2015: The Prime Minister Rozgar Yojana (PMRY) was discontinued in 2007-08 and in 2008-09 a new scheme namely Prime Minister’s Employment Generation Programme (PMEGP)has been introduced by merging the two schemes i.e. Prime Minister Rozgar Yojana (PMRY) and Rural Employment Generation Programme (REGP). Number of youth provided self employment under PMEGP during the last two years and current year, State-wise is given is:

# Upto 30^th October 2015

* including Daman & Diu

** including Dadra & Nagar Haveli

Any individual above 18 years of age is eligible to apply under PMEGP. For setting up of projects costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business /service sector, the beneficiaries should possess at least VIII standard pass educational qualification. General category beneficiaries can avail of margin money subsidy of 25 % of the project cost in rural areas and 15% in urban areas, personal contribution is 10% in rural areas and 5% in urban areas. For beneficiaries belonging to special categories such as scheduled caste/scheduled tribe/OBC/minorities/women, ex-serviceman, physically handicapped, North Eastern Region (NER), Hill and Border areas etc. the margin money subsidy is 35% in rural areas and 25% in urban areas, personal contribution is 5%. Assistance under the Scheme is available only for new projects.

The maximum cost of projects is Rs. 25 lakh in the manufacturing sector and Rs. 10 lakh in the service sector. Any activity, barring a few indicated in the negative list of PMEGP guidelines can be taken up under PMEGP.

Khadi and Village Industry Commission (KVIC) is the nodal agency at national level. In States, State Directorates of KVIC, Khadi and Village Industry Boards (KVIBs) and District Industries Centres(DICs) implement the Scheme. In urban areas, only the DICs are the nodal agencies.

Project proposals are invited from potential beneficiaries at district level through press, advertisement, radio, other-multi-media and Panchayati Raj Institutions. Beneficiaries can also apply on-line. District Level Task Force Committees (DLTFCs) headed by the District Collectors/Magistrates scrutinize the applications and recommend the same to the Banks, which take their own credit decision on the basis of viability of each project and sanction the loans. Number of applications recommended by the DLTFCs to the Banks during the last two years and current year is given is:

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Corporate Comm India(CCI Newswire)