(a) the number of persons for whom target has been set by the Government for providing employment in Micro, Small and Medium Enterprises (MSMEs); and
(b) the time likely to be taken to achieve these targets and the extent to which MSMEs are likely to be affected as a result thereof?
MINISTER OF MICRO, SMALL AND MEDIUM ENTERPRISES
(SHRI NITIN GADKARI)
(a)&(b): Ministry of MSME implements Prime Minister’s Employment Generation Programme (PMEGP), which is a credit linked subsidy programme, aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth. Under this programme, subsidy of 25% to 35% of the project cost upto Rs. 25.00 lakh is provided as Margin Money Subsidy. Targets and achievements under the Scheme for the financial years 2017-18 and 2018-19 are given below.
<pre>
Financial Year Margin money subsidy annual targets (RE)
(Rs. in lakh) Margin money subsidy utilized# (Rs. in lakh) Number of projects
assisted Estimated
Employment generated
(No. of persons)
2017-18 117000
131240.07
48398
387184
2018-19 196880
207000.54
73427
587416
</pre>
# including un-utilized balance funds of previous year.
Under the Scheme, a tentative target of assisting 73241 projects with an estimated employment generation to 585927 persons, has been fixed for the financial year 2019-20.