KVIC Grants Rs 300 Crore in Subsidies to Over 11,000 Recipients Across the Country Through PMEGP Program
Revamped Account:
In the scorching heat of June 17, 2025, Khadi and Village Industries Commission (KVIC) dropped a cool Rs 300 crore as margin money subsidy into the bank accounts of 11,480 lucky beneficiaries under the Prime Minister's Employment Generation Programme (PMEGP). This financial extravaganza went down during a cyber event that took place at KVIC's Rajghat office in Delhi. The subsidy came against a total loan sanction of Rs 906 crore. The man of the hour, KVIC Chairman Manoj Kumar, led the virtual congregation, with Roop Rashi, the CEO, and other senior officials in tow.
PMEGP shone brighter than ever as Kumar acknowledged its pivotal role in actualizing Prime Minister Narendra Modi's vision of an independent India. He emphasized how the scheme had evolved from a mere financial assistance plan into a grassroots movement. This movement encouraged youth, women, and artisans to embrace entrepreneurship, thereby fostering local job opportunities.
Six vibrant zones of our country were shining bright across the screens of this virtual affair. The roaring central zone, flaunting Uttar Pradesh, Madhya Pradesh, Chhattisgarh, and Uttarakhand, pocketed Rs 72 crore for 2,403 impeccable projects. Meanwhile, the dynamic East Zone (Bihar, Jharkhand, Odisha, West Bengal, and Andaman & Nicobar Islands) saw Rs 22 crore for 996 projects being ticked off the list.
North India was equally fortunate as states like Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir, Ladakh, Rajasthan, and Chandigarh received Rs 61 crore for 2,713 fantastic projects. The spirited North East Region, rising above the challenge, boasted employment opportunities generated by 81 projects worth Rs 2 crore.
Southern states claimed the crown for the highest allocation with Rs 116 crore for 4,565 projects in Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Kerala, and Puducherry. The Western states of Maharashtra, Gujarat, and Goa received warmly the Rs 26 crore set aside for 722 projects.
From its inception, PMEGP has been the driving force behind the creation of over 10.18 lakh micro enterprises and employment for over 90 lakh individuals. The scheme has been coinsurance for countless entrepreneurs, shielding them from financial perils with loan sanctions worth Rs 73,348 crore and margin money subsidies totalling Rs 27,166 crore.
Buzz Worthy Facts:
- PMEGP is one of India’s most successful self-employment initiatives, launching 10.18 lakh micro enterprises since inception.
- Loans for service and manufacturing projects range from 10 lakh to 25 lakh with up to 35% subsidy based on category/location.
- The plan aims to empower marginalized groups like SC/ST, minorities, women, ex-servicemen, and differently-abled persons.
- The scheme has seen record penetration in urban and rural areas, promoting inclusive economic development.
- Streamlined digital application and approval processes ensure quicker approvals and start-up timelines.
- Focus on sustainable and innovative local projects continues to grow, fostering green businesses.
- Current financial support remains at a massive Rs 300 crore subsidy mark.
In essence, PMEGP continues to be a beacon for employment generation and entrepreneurial development in India, driving micro-enterprise growth across the nation[3][4][5].
First published on: 18 Jun 2025, 05:32 IST
The financial support of Rs 300 crore subsidy for micro-enterprises under PMEGP has been instrumental in driving business growth across India, contributing to employment opportunities for over 90 lakh individuals. The scheme's focus on sustainable and innovative local projects fosters a thriving financial ecosystem, encouraging entrepreneurship among marginalized groups like SC/ST, minorities, women, ex-servicemen, and differently-abled persons.
