PMEGP Scheme Generates 3.6 Million Jobs and Supports Micro-Enterprises in India
PMEGP scheme creates 3.6 mn jobs, boosts micro-enterprises: MSME ministry
Business Standard
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The Prime Minister's Employment Generation Programme (PMEGP) has established over 403,000 micro-enterprises in India, creating approximately 3.63 million jobs during the 15th Finance Commission cycle from FY22 to FY26. With a budget of ₹13,554.42 crore (around $1.63 billion USD), the program promotes social inclusion, particularly among women and marginalized communities.
- 01PMEGP established 403,706 micro-enterprises, surpassing its target.
- 02The scheme created nearly 3.63 million jobs across India.
- 03Women entrepreneurs received 45% of the total margin money subsidy.
- 0454% of beneficiaries belong to Scheduled Castes, Scheduled Tribes, and Other Backward Classes.
- 0580% of supported enterprises were set up in rural areas.
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The Prime Minister's Employment Generation Programme (PMEGP), managed by the Ministry of Micro, Small and Medium Enterprises in India, has significantly contributed to grassroots entrepreneurship. Launched through the Khadi and Village Industries Commission (KVIC), the program has established 403,706 micro-enterprises during the 15th Finance Commission cycle from FY22 to FY26, exceeding its target of 402,000 units. With a budgetary allocation of ₹13,554.42 crore (approximately $1.63 billion USD), PMEGP has created nearly 3.63 million jobs, fostering economic development and income generation nationwide. The initiative emphasizes social inclusion, with women representing close to 40% of the enterprises supported. Additionally, 54% of the beneficiaries come from marginalized communities, including Scheduled Castes, Scheduled Tribes, and Other Backward Classes. Notably, 80% of the enterprises established under PMEGP are located in rural areas, promoting rural industrialization and balanced regional growth.
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The PMEGP scheme enhances local economies by creating job opportunities and supporting entrepreneurship, particularly in rural areas.
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