PMEGP Generates Over 36 Lakh Jobs and 4 Lakh Enterprises from FY22 to FY26
MSME min scheme created 36 L jobs during FY22-26
The Economic Times
Image: The Economic Times
The Prime Minister's Employment Generation Programme (PMEGP) created 36.33 lakh jobs and established over 4 lakh enterprises during FY22 to FY26. Implemented by the Khadi and Village Industries Commission, the scheme fully utilized its budget of ₹13,554.42 crore and supported rural industrialization.
- 01PMEGP generated 36.33 lakh jobs from FY22 to FY26.
- 02Over 4 lakh enterprises were established under the scheme.
- 03The initiative fully utilized a budget of ₹13,554.42 crore.
- 04Approximately 80% of new enterprises were located in rural areas.
- 05The scheme exceeded its target by establishing 403,706 micro-enterprises.
Advertisement
In-Article Ad
The Prime Minister's Employment Generation Programme (PMEGP) has significantly impacted employment and entrepreneurship in India, generating 36.33 lakh jobs and establishing 403,706 micro-enterprises from FY22 to FY26. The scheme, managed by the Khadi and Village Industries Commission (KVIC), successfully utilized its entire budget of ₹13,554.42 crore. Notably, nearly 80% of the enterprises were set up in rural areas, promoting rural industrialization and balanced regional development. This initiative not only surpassed its target of 402,000 enterprises but also played a crucial role in enhancing economic opportunities in less developed regions.
Advertisement
In-Article Ad
The PMEGP's success in job creation and enterprise establishment means more economic opportunities for individuals, especially in rural areas, potentially leading to improved livelihoods.
Advertisement
In-Article Ad
Reader Poll
Do you think government schemes like PMEGP effectively boost rural employment?
Connecting to poll...
Read the original article
Visit the source for the complete story.