NewKerala.com

PM Employment Scheme Creates 36 Lakh Jobs, 4 Lakh Micro-Units in 5 Years

The PM Employment Generation Programme created 36.33 lakh jobs and 4.03 lakh micro-enterprises from FY 2021-22 to 2025-26. Women accounted for 40% of beneficiaries, while 54% belonged to SC/ST/OBC communities. Nearly 80% of enterprises were set up in rural areas. The ministry plans to strengthen the scheme with a focus on innovation and scalability.

Key Points: PMEGP Creates 36 Lakh Jobs, 4 Lakh Micro-Enterprises

  • 36.33 lakh jobs created in 5 years
  • Over 4 lakh micro-enterprises established
  • 54% beneficiaries from SC/ST/OBC categories
  • 80% enterprises in rural areas
  • 40% women beneficiaries
2 min read

PM Employment Generation Programme generates 36.33 lakh jobs, helps set up over 4 lakh micro-enterprises in five years

India's PM Employment Generation Programme created 36.33 lakh jobs and 4 lakh micro-enterprises in 5 years, with 54% beneficiaries from SC/ST/OBC.

"The programme also generated sustainable employment opportunities for approximately 36.33 lakh individuals - Ministry of MSME"

New Delhi, May 7

The Ministry of Micro, Small and Medium Enterprises' flagship Prime Minister's Employment Generation Programme, implemented through the Khadi and Village Industries Commission, facilitated the establishment of more than 4 lakh micro-enterprises and generated employment for around 36.33 lakh people during the 15th Finance Commission cycle from FY 2021-22 to FY 2025-26.

According to an official release by the ministry, the scheme supported prospective entrepreneurs in setting up new micro-enterprises in the non-farm sector through Margin Money subsidy on bank loans, with a focus on self-employment generation and rural livelihoods.

The release stated that against an approved budgetary outlay of Rs 13,554.42 crore, PMEGP achieved full utilisation of funds and facilitated the establishment of 4,03,706 micro-enterprises, exceeding the target of 4,02,000 enterprises during the period.

"The programme also generated sustainable employment opportunities for approximately 36.33 lakh individuals, significantly contributing to livelihood creation and grassroots economic development across the country," the ministry said.

The scheme also recorded significant participation from women and socially disadvantaged communities. Women beneficiaries accounted for nearly 40 per cent of the total enterprises supported under PMEGP, while around 45 per cent of the total Margin Money subsidy disbursed was provided to women entrepreneurs.

According to the ministry, approximately 54 per cent of the beneficiaries belonged to SC, ST and OBC categories, highlighting the scheme's focus on inclusive growth and social empowerment.

The release further noted that nearly 80 per cent of the enterprises established under PMEGP were located in rural areas, supporting rural industrialisation and balanced regional development.

"The achievements during the 15th Finance Commission cycle reaffirm PMEGP's role as a key driver of micro-enterprise development and employment generation in India," the ministry said.

The ministry added that it remains committed to strengthening PMEGP further in the upcoming cycle with greater focus on innovation, scalability and wider outreach.

- ANI

Share this article:

Reader Comments

P
Priya S
Impressive that 40% beneficiaries are women! In a country where women often face barriers in business, this is a big step. But I hope the banks are not adding their own hurdles. My mother-in-law tried to get a loan under this scheme but the manager demanded extra documents. Implementation needs monitoring.
A
Ananya R
54% from SC/ST/OBC is encouraging for social inclusion. But we need to move beyond just counting numbers. What about the quality of these jobs? Are people getting minimum wage? Are they getting any social security? Still, it's better than nothing for our rural youth who have limited options.
V
Vikram M
The khadi and village industries focus is smart - it preserves traditional skills while creating jobs. I visited a PMEGP-funded pottery unit in UP last month. The owner said the scheme helped him but the real struggle starts after getting the loan - marketing and competition from big brands. Need more handholding.
K
Kavya N
Schemes are good but ground reality is different. Many aspiring entrepreneurs don't even know about PMEGP. The awareness in villages is very low. Also the margin money concept is confusing for uneducated people. The government should simplify the process and have more information campaigns in local languages.
S
Siddharth J
@Ananya R I agree about quality. But 36 lakh jobs in five years is no small feat. Even if 20% are good quality sustainable jobs, that's over 7 lakh families getting a livelihood. Our country needs a mix of mega factories and tiny enterprises. This scheme does the latter well. Thumbs up 👍

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50