New Delhi, Mar 1 (KNN) The Cabinet Committee on Economic Affairs chaired by the PM Narendra Modi approved the continuation of Prime Minister's Employment Generation Programme (PMEGP) beyond 12th Plan for three years from 2017-18 to 2019-20, a release from MSME Ministry informed.

The program outlay is proposed at  Rs.5,500 crore.

“Scheme will create sustainable estimated employment opportunities for 15 lakh persons in three financial years”, the release said.

A minimum target of 75 project/district is awarded to all districts of the country to achieve Inclusive Growth. Higher rate of subsidy (25% to 35%) will be applicable for women, SC/ST, OBC, Physically Disabled, NER applicants in rural areas.

PMEGP is a major credit-linked subsidy programme being implemented by the Ministry of MSME since 2008-09.

The Scheme is 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 as well as urban areas.

So far, a total of 4.55 lakh micro enterprises have been assisted with a margin money subsidy of Rs 9564.02 crore providing employment to an estimated 37.98 lakh persons from inception till 31.01.2018.

Eyeing at better implementation, the process of application is made online and can be accessed using the following link https://www.kviconline.gov.in/pmegpeportal/prneqphome/index.jsp.

(With PIB Inputs) (KNN/DA)