KVIC achieves landmark growth through PMEGP in last 4 years

New Delhi, May 29 (KNN) In the last four years, the Khadi and Village Industries Commission (KVIC) has provided job opportunities to 14,75,888 persons at their doorsteps and established 1,93,818 small and medium projects across the nation for providing jobs.

Indicating the factors behind the success, KVIC chairman Vinai Kumar Saxena said “it was the Prime Minister vision to digitalize the PMEGP scheme to bring transparency and efficiency along with putting a check on any discrepancies or middlemen in the finalization and disbursement of the funds to the beneficiaries.”

With the development of an in-house portal in 2016 by KVIC’s information technology team, a quantum of jump has been observed in the number of PMEGP applicants, he added.

“As a result, we disbursed the margin money subsidy of Rs 4,735.94 crore during this span of four years, which is some sort of landmark in the implementation of Government scheme,” he said.

Further, he added that it was the PMEGP through which government has been encouraging the village industry.

This untapped Khadi sector witnessed a rocketing growth in last four years and successfully reached to large masses in the short span of time, Saxena said. Adding to this he said it is remarkable that in many of its projects, the supporting margin subsidy was up to 35 per cent.

“In the FY 2016-17, the low-profile Khadi and village industries products saw sales worth Rs 52,000 crore for the first time in India. In FY 2017-18, it is expected to cross Rs 65,000 crore figure”, the KVIC Chairman said.

The KVIC is the nodal agency for Prime Minister Employment Generation Program (PMEGP), a flagship scheme of Government of India.