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The Ministry of Micro, Small and Medium Enterprises (MSME) is bolstering entrepreneurship in India by using various programs. The Prime Minister's Employment Generation Programme (PMEGP), managed through the Khadi and Village Industries Commission (KVIC), aids new micro enterprises with financial assistance, facilitating employment opportunities for artisans and youth.
news
The Ministry of Micro, Small and Medium Enterprises (MSME) has revealed that its Prime Minister’s Employment Generation Programme (PMEGP) has significantly aided in establishing new micro-enterprises, with a notable impact in both manufacturing and service sectors. From 2020 to 2025, 63% of manufacturing and 93% of service projects under
PMEGP
The Ministry of MSME is implementing the Prime Minister’s Employment Generation Programme (PMEGP) to support rural and Scheduled Caste (SC) beneficiaries with higher subsidies and lower contributions for setting up micro enterprises. Additionally, the Pradhan Mantri Mudra Yojana (PMMY) offers collateral-free loans up to ₹20 lakh for small enterprises
MSME
Union MSME Minister Shri Jitan Ram Manjhi highlighted the significant contributions of the MSME sector to India's economy, accounting for 30.1% of GDP, 35.4% of manufacturing, and 45.73% of exports. With 6.5 crore MSME units registered on the Udyam Portal, the sector has created
KVIC
The Khadi and Village Industries Commission (KVIC) has disbursed a margin money subsidy of over Rs 300 crore to 11,480 service sector beneficiaries under the Prime Minister’s Employment Generation Programme (PMEGP). The event, held virtually from New Delhi, was led by KVIC Chairman Manoj Kumar, who emphasized the
KVIC
The Khadi and Village Industries Commission (KVIC) has disbursed a margin money subsidy of Rs 300 crore to 8794 beneficiaries under the Prime Minister’s Employment Generation Programme (PMEGP). This initiative aims to promote self-reliance and entrepreneurship across India, with significant participation from all six zones of the country. The