29-05-2013, 11:41 AM
PRIME MINISTER’S EMPLOYMENT GENERATION PROGRAMME (P M E G P)
PRIME MINISTER’S.ppt (Size: 354 KB / Downloads: 171)
Salient Features
A new Central sector Scheme of Govt. of India by merging REGP and PMRY scheme.
State Khadi & V.I.Board and District Industries centre of State Government have also been associated in implementation of the programme.
Special Package of subsidy to promote rural industrialization.
Empowering entrepreneurs through Skill Development and entrepreneurial development programme (EDP)
Objectives
To generate employment opportunities in rural and urban areas of the country through self employment ventures/ projects / micro enterprises.
To bring together widely dispersed traditional artisans / rural and urban unemployed youth and give them self – employment opportunities to the extent possible, at their place.
To provide continuous and sustainable employment to a large segment of traditional and prospective artisans, rural and urban unemployed youth in the country for their better livelihood.
To increase the wage earning capacity of artisans and contribute to increase in the growth rate of rural and urban employment.
To facilitate participation of financial institutions for higher credit flow to micro enterprises.
Eligibility
Individuals above 18 years of age
VIII Std. Passed (project costing above Rs.10.00 lakhs in manufacturing and above Rs.5.00 lakhs for Service Sector)
Self Help Groups
Institutions Registered under Societies Registration Act- 1860.
Production based Co-operative Societies
Charitable Trusts
Implementing Agencies
For easy approach and accessibility, three agencies will work in each district.
Khadi & Village Industries Commission
Khadi & Village Industries Boards
District Industrial Centres of State Govts.
Facilitators
Rajiv Gandhi Udyami Mitra Yojana
Ministry of Women & Child Development
Panchayati Raj Institutions
KVI Federations
Nehru Yuva Kendra Sangathan
Army Wives Welfare Association
BANK FINANCE
The Bank will sanction 90% of the project cost in case of General category beneficiary and 95% in case special category of beneficiary / institutions.
The Bank will disburse full amount suitably for setting up of the project.
Credit Guarantee Scheme of Ministry of MSME is also available for PMEGP units to facilitate entrepreneurs for collateral security free loans.
Operational Procedure
The Bank will take their own credit decision on selection of projects. In case of any rejection, the same will be intimated to the District Task Force with reasons.
After sanctioning of project, the beneficiary has to deposit 5% or 10% of the project cost as the case may be, in the bank.
First installment of loan will be released to Beneficiaries only after completion of EDP training.
Project cost will include capital expenditure and one cycle of working capital.
Margin Money Release and Adjustment
The beneficiary will submit the Margin Money claim through Financing Bank after release of first installment of loan.
The Financing Branch will forward the same to the respective Nodal branch.
The Nodal Branch after being satisfied that the unit fulfills the criteria under PMEGP will release the Margin Money to the Financing Branch.
The original claim format to be forwarded to respective office i.e. KVIC/KVIB/DIC by the Nodal Branch of the Bank keeping a copy with them.