Prime Minister's Employment Generation Programme creates new Jobs

Updated on: Wednesday, August 19, 2015

Creating new opportunities for the youngsters and generating employment, nearly 41,000 jobs have been created under the Prime Minister's Employment Generation Programme in the current financial year till July 16.

Under the Prime Minister's Employment Generation Programme, 40,915 jobs have been created and 3.57 lakh employment opportunities have been generated during 2014-15, as per a statement in the Lok Sabha by Labour Minister Bandaru Dattatreya.

Since the year 2008-2009, the government has implemented PMEGP, which is a subsidy programme that merges two schemes in operation namely Prime Minister's Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP), with Khadi and Village Industries Commission (KVIC) as the nodal agency. Micro-enterprises have been set up in the non-far, sector to improve the process even further. The General Category beneficiaries, under this scheme, can avail of margin money subsidy of 25 per cent of the project cost in rural areas and 15 per cent in urban areas.

For beneficiaries of Prime Minister's Employment Generation Programme who are belonging to special categories such as Scheduled Scheduled Tribes,Castes,  OBCs, minorities, Physically Handicapped,ex-servicemen and  women the margin money subsidy is 35 per cent in rural areas and 25 per cent in urban area.The Prime Minister's Employment Generation Programme has allotted Rs. 25 lakh in the manufacturing sector and Rs. 10 lakh in the service sector. As per the minister's statement in the House, government has released Rs. 1,019 crore as margin money subsidy this fiscal. 

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