The Ministry of Micro, Small & Medium Enterprises has been promoting self employment ventures through setting up of Micro Enterprises. Prime Minister’s Employment Generation Programme (PMEGP), a Credit linked subsidy programme, was launched in 2008-09 and is being implemented through Khadi & Village Industries Commission (KVIC) a statutory body under the administrative control of the Ministry. PMEGP is particularly aimed at generating self employment opportunities through establishment of Micro Enterprises. Under PMEGP, beneficiaries belonging to Scheduled Castes, Scheduled Tribes, Minorities, Backward Classes, Women etc. are entitled to a higher rate of margin money assistance at the rate of 35 percent in rural areas whereas beneficiaries belonging to General categories are entitled to margin money assistance at the rate of 25 percent in rural areas for project costing upto Rs.25 lakh each in the manufacturing sector and upto Rs.10 lakh each in the service sector through the implementing agencies and loan from banks, etc.
The Ministry is implementing various schemes for creation of new job opportunities through development of Micro, Small & Medium Enterprises in the country. Some of the major schemes includes Credit Guarantee Scheme, Micro and Small Enterprises Cluster Development Programme, Credit Linked Capital Subsidy Scheme, Marketing Development Assistance Scheme, National Manufacturing Competitiveness Programme, Scheme of Fund For Regeneration Of Traditional Industries, Trade Related Entrepreneurship Assistance and Development, Mahila Coir Yojana, Prime Minister’s Employment Generation Programme and Skill Development Programme.
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