266 districts achieve target of 75 projects under PMEGP during 2016-17

Ministry of Micro,Small & Medium Enterprises

266 districts achieve target of 75 projects under PMEGP during 2016-17

Posted On: 21 MAR 2018 1:09PM by PIB Delhi

266 districts have achieved the target of 75 projects under Prime Minister Employment Generation Programme during 2016-17. Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, MSME, Giriraj Singh said this in a written reply in the Rajya Sabha today.  The Minister said that targets under PMEGP are set in terms of Margin Money allocation and a target of minimum 75 projects per district has been allocated to all the districts in the country with average Margin Money of Rs.2.00 lakhs per project (project cost Rs.8-10 lakh) in order to have equal distribution of targets and to achieve inclusive growth.

Efforts are made to achieve the target of 75 units for each district and to that end Principal Secretaries of State Governments are requested from time to time to monitor the Scheme. District level advisory Committees headed by the MPs of respective districts also monitor the Scheme. Review meetings at state level are arranged regularly wherever poor achievement has been observed. During State Level Monitoring Committee Meetings(SLMC), of respective states financing bank branches,they are advised to sanction more PMEGP projects in poor performing districts. Awareness camps at District level and State level are being organized in order to propagate the PMEGP scheme for the development of micro industries.

Source: PIB

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