Economy GS 3 In the news 3 times

Prime Minister's Employment Generation Programme (PMEGP)

PMEGP is KVIC's flagship credit-linked subsidy scheme for micro-enterprise creation in rural and semi-urban areas. It provides margin money subsidy of 15–35% of project cost (higher for special categories and NER/hill states) to first-generation entrepreneurs setting up new micro enterprises in manufacturing and service sectors.

Key details

Implemented by: KVIC at national level; State KVIBs and DICs at state level
Beneficiary subsidy: 15% (urban general) to 35% (rural, SC/ST/women, NER)
Maximum project cost: ₹50 lakh (manufacturing), ₹20 lakh (service)
Target: 4 lakh units and 32 lakh jobs over 2021–26 (15th Finance Commission cycle)
Linked to bank credit; subsidy disbursed after lock-in period

In the news

● Tracked since March 14, 2026 · last seen June 30, 2026 · updates as the daily brief publishes

30 Jun '26

Govt approves proposal to amend Khadi and Village Industries Commission Act

Economics

07 May '26

MSME min scheme created 36 L jobs during FY22-26

Economics

14 Mar '26

Khadi and Village Industries Commission (KVIC) implements Gramodyog Vikas Yojana (GVY) for the development of Khadi and Village Industries Sector

Economics

Related concepts

Economy

MSME Sector

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