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    Jammu21640 units established under PMGEP in J&K during last fiscal

    21640 units established under PMGEP in J&K during last fiscal

    Date:

    Jammu Tawi, December 4:
    has claimed today of having established 21,640 units
    under flagship scheme Prime Minister's Employment Generation Programme
    (PMEGP) during 2021-2022 which created highest number of employment
    i.e. 1.73 lakh.

    PMEGP is a credit linked subsidy programme administered by the Ministry of MSME,
    Government of India.

    An official said that these units have been established with a total capital
    of Rs. 2101 crore and a total margin money of Rs. 467 crore has been
    disbursed which is the highest among all other states and UTs.
    Notably, Union Ministry of MSME has launched an initiative of
    distributing PMEGP awards to promote and award innovation and
    excellence of successful entrepreneurs of the scheme. In this regard,
    nominations have been invited online from successful entrepreneurs.
    An official attributed this employment spree to the Prime Minister's
    vision for all-round development and self-sustainability of Jammu &
    . Such large-scale self-employment in J&K is a contribution of
    KVIC towards making the state self-sustainable and bringing it at par
    with other states in terms of development.
    The record number of PMEGP units in J&K is also a testimony of
    how people of J&K, after abrogation of Article 370 are participating in
    government schemes to strengthen the local economy and pave the way
    for overall development of the state, he added.
    It is noteworthy that in 2021-22, a majority of the PMEGP units in
    J&K have been set up in districts like Baramulla, Budgam, Pulwama,
    Anantnag, Ganderbal, Kupwara, Bandipora and Doda that are largely
    prone to militancy.
    As many as 16,807 (78%) of the 21,640 PMEGP units in J&K
    belong to the service sector, i.e. units like beauty parlour, boutiques,
    embroidery, mobile/computer repair shops, food outlets, etc. This is
    followed by 1933 units (9%) under rural engineering and bio-
    like steel fabrication and steel furniture, artificial jewellery making, vermi-
    compost and bio-fertilizers units. Also, 1770 units (8%) pertain to the
    agro and food processing industry.
    Prime Minister's Employment Generation Programme) Scheme
    helped Nardeep Singh become a successful entrepreneur. Speaking
    about his success, a proud Nardeep Singh said he strived hard for a job
    but failed to get success.
    "I approached the Jammu and Kashmir Khadi and Village
    industries board, Udhampur, wherein the district officer briefed me and
    convinced me about the PMEGP Scheme and thus, activated the
    entrepreneur in me. I then applied for a loan assistance of Rs 24.96
    lakhs for manufacturing of Hydraulic Equipment unit," he said.
    The case was eventually approved by the DLTFC (District Level
    Task Force Committee). Despite the failures in life, he took a risk and it
    eventually paid off. Today, he gives employment to 25 youth of his
    locality.
    Ministry of MSME is implementing Prime Minister's Employment
    Generation Programme (PMEGP) since 2008-09 through Khadi and
    Village Industries Commission (KVIC) as nodal agency at the

    level for generating employment opportunities in the country by setting
    up micro-enterprises in non-farm sector.
    Similarly 44-year old Mohammad Shafi Mir, proprietor of Modern
    Steel and Trunk factory at Beerwah Budgam, had never thought in his
    wildest dreams that he would employ 15 people to work for him. “There
    was a period when it was difficult to meet both the ends. I was working
    as a labourer in steel factory with a meager earning of Rs 3000 per
    month,” said Mir, with tears in his eyes.
    He approached district officer Budgam after he was told about
    different schemes under Jammu and Kashmir Khadi and Village
    Industries Board. “The district officer was kind enough to entertain my
    application without any obstacles. My case was forwarded to DLTFC
    and eventually a loan of Rs 25 lakh was approved in my favour,” Mir said
    and added that owing to the support of J&K KVIB, his earnings rose from
    Rs 3000 to Rs 25, 000 per month and now he is a successful and
    satisfied entrepreneur.

    Northlines
    Northlines
    The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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