KVIC offers help in setting up micro units
Updated: Jun 04, 2014 02:04:56pm
New Delhi, Jun 4 (KNN) Within days of the Narendra Modi Government taking charge, the Khadi and Village Industries Commission (KVIC) has invited fresh applications for setting up of micro units both in rural and urban areas under the Prime Minister's Employment Generation Programme (PMEGP).
“KVIC is implementing PMEGP through state/divisional offices of KVIC, state/union territories Khadi and Village Industries Boards and District Industry Centres (DIC). The objective of the scheme is to provide employment opportunities by setting up of micro enterprises in rural and urban areas,” an official notice said.
Margin money subsidy ranging from 15 per cent to 35 per cent is available depending on category of beneficiary / area of beneficiary. Maximum cost of the project per unit admissible under manufacturing is up to Rs 25 lakhs and for business / services sector it is up to Rs 10 lakhs, it said.
KVIC now invites applications from unemployed above the age of 18 years; self-help groups, registered institutions, cooperative societies, trusts, etc to avail of the scheme.
While KVIC and KVIB will be operating the scheme only in rural areas, DIC will be operating the scheme in both rural and urban areas.
Notably, existing units or applicants who have already availed of such subsidy or margin money are not eligible for such assistance. (KNN/ES)
“KVIC is implementing PMEGP through state/divisional offices of KVIC, state/union territories Khadi and Village Industries Boards and District Industry Centres (DIC). The objective of the scheme is to provide employment opportunities by setting up of micro enterprises in rural and urban areas,” an official notice said.
Margin money subsidy ranging from 15 per cent to 35 per cent is available depending on category of beneficiary / area of beneficiary. Maximum cost of the project per unit admissible under manufacturing is up to Rs 25 lakhs and for business / services sector it is up to Rs 10 lakhs, it said.
KVIC now invites applications from unemployed above the age of 18 years; self-help groups, registered institutions, cooperative societies, trusts, etc to avail of the scheme.
While KVIC and KVIB will be operating the scheme only in rural areas, DIC will be operating the scheme in both rural and urban areas.
Notably, existing units or applicants who have already availed of such subsidy or margin money are not eligible for such assistance. (KNN/ES)
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