Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

PMEGP extended till FY26 with Rs 13,554 crore outlay; to create 40 lakh jobs: Govt.


Date: 31-05-2022
Subject: PMEGP extended till FY26 with Rs 13,554 crore outlay; to create 40 lakh jobs: Govt
The Prime Minister's Employment Generation Programme has been approved for continuation till the financial year 2025-26 with the total outlay of Rs 13,554.42 crore, the government said on Monday. The scheme will create sustainable employment opportunities for about 40 lakh persons in five financial years, the ministry of micro, small and medium enterprises said.

The extension of the scheme is over the 15th Finance Commission Cycle for five years from 2021-22 to 2025-26.

PMEGP seeks to facilitate generation of employment opportunities for youth across the country by assisting them in setting up of micro enterprises in non-farm sectors.

Along with the extension of the time frame, some major modifications have been made in the existing scheme. These include increase in the maximum project cost from existing Rs 25 lakh to Rs 50 lakh for manufacturing units and from existing Rs 10 lakh to Rs 20 lakh for service units.

The definition of village industry and rural area has also been modified for PMEGP, with areas falling under Panchayti Raj institutions to be accounted under rural area, whereas areas under municipal corporations to be treated as urban areas.

All implementing agencies are allowed to receive and process applications irrespective of the rural or urban category.


PMEGP applicants under aspirational districts and transgender will be treated as special category applicants and entitled for higher subsidy.

The continuation has been approved with a "higher rate of margin money subsidy -- 25 per cent of the project cost in urban area and 35 per cent of the project cost in rural areas, for special category applicants including, SC, ST, OBC, women, transgender, physically disabled, NER, aspirational and border district applicants," the statement said.

For general category applicants, the subsidy is 15 per cent of the project cost in urban area and 25 per cent of the project cost in rural areas, it added.


Since its inception in 2008-09, about 7.8 lakh micro enterprises have been given assistance under PMEGP with a subsidy of Rs 19,995 crore, generating estimated sustainable employment for 64 lakh persons.

About 80 per cent of the units assisted are in rural areas and about 50 per cent are owned by SC, ST and women categories.

Source Name:-Economic Times



Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 30-05-2025
Notification No. 31/2025-Customs
Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 26-05-2025
NOTIFICATION No. 37/2025-Customs (N.T.)
Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962

Date: 23-05-2025
Notification No. 30/2025-Customs
Seeks to amend notification No. 55/2022-Customs dated 31.10.2022 to remove the condition required for availing exemption on Bangalore Rose Onion.

Date: 23-05-2025
NOTIFICATION No. 36/2025 - Customs (N.T.)
Amendment in the Notification No. 63-1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Raxaul

Date: 15-05-2025
Notification No. 34/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 09-05-2025
Notification No. 29/2025-Customs
Seeks to exempt works of art and antiques from Basic Customs Duty

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025

Date: 30-04-2025
Notification No. 27/2025-Customs
Seeks to amend Second Schedule to the Customs Tariff Act, to align it with changes made in the First Schedule to the Customs Tariff Act vide Finance Act, 2025.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001