Current Affairs

CCEA Approves to Continue Prime Minister's Employment Generation Programme

Modi-led Cabinet Committee on Economic Affairs has approved to continuation of Prime Minister's Employment Generation Programme.

The programme will be continued beyond 12th Plan for three years from 2017-18 to 2019-20 with a total outlay of Rs.5,500 crore.

Aim of the Scheme

The main purpose of the scheme is to create sustainable estimated employment opportunities for 15 lakh persons in three financial years.  A minimum target of 75 project/district is awarded to all districts of the country to achieve Inclusive Growth. Higher rate of subsidy (25% to 35%) will be applicable for women, SC/ST, OBC, Physically Disabled, NER applicants in rural areas.
Targets are fixed taking into account:
  • Extent of backwardness of State
  • Extent of unemployment
  • Extent of fulfillment of previous year targets
  • Population of State/Union Territory
  • Availability of traditional skills and raw material

Improvements in the scheme

  • Second loan of upto Rs. one crore to existing and better performing PMEGP units for upgrading with subsidy of 15%;
  • Merger of Coir Udyami Yojana (GUY) in PMEGP
  • Introduction of concurrent monitoring and evaluation
  • Mandatory Aadhaar and Pan card
  • Geo-tagging of units                                                       
  • Negative list under PMEGP amended allowing serving/selling non-vegetarian food at Hotels/Dhabas and Off Farm/Farm Linked activities.
  • Dispensing the ratio of 30:30:40 for KVIC/KVIB/DIC.
  • Cap the working capital component for manufacturing units to 40% of the project cost and for service/trading sector to 60% of the project cost.

Background:

Prime Minister's Employment Generation Programme is a credit-linked subsidy programme. It is implemented by Micro Small and Medium Enterprises since 2008-2009 with an aim of generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector.

Expected Questions

 Prime Minister's Employment Generation Programme will be continued beyond 12th Plan for three years from 
a. 2016-18 to 2018-20
b. 2017-18 to 2019-20
c. 2016-17 to 2017-18
d. 2017-19 to 2019-22

Prime Minister's Employment Generation Programme is a credit-linked subsidy programme that aims at generating employment in
a. non-farm sectors
b. farming sectors
c. a and b both
d. None of the above
CCEA Approves to Continue Prime Minister's Employment Generation Programme CCEA Approves to Continue Prime Minister's Employment Generation Programme Reviewed by insiya yadav on March 05, 2018 Rating: 5

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