Jammu & Kashmir Ahead of All Indian States in Creating Self-Employment Under PMEGP

Tags: Government Schemes State News

KVIC has set up the maximum number of manufacturing and service units under the Prime Minister's Employment Generation Program (PMEGP) in Jammu and Kashmir in the year 2021-22 as compared to all other states and union territories in India.

• Under PMEGP, in the year 2021-22, the highest number of 1.73 lakh new jobs have been created in all the states and union territories of India in Jammu and Kashmir alone.

• 21,640 manufacturing and service units were set up in Jammu and Kashmir which is much higher than the larger states like Uttar Pradesh (12,594 units), Madhya Pradesh (8082 units), Tamil Nadu (5972 units), Karnataka (5877) and Gujarat (4140 units). 

• For the year 2021-22, KVIC had set a target of 3,360 PMEGP units in J&K but buoyed by the Centre's encouragement for local manufacturing, it has set up 21,640 units over 544 per cent of the target.

• These units have been set up in Jammu and Kashmir with a total capital of Rs 2101 crore. Out of this, KVIC gave a record margin money subsidy of Rs 467 crore which is highest among all the States/UTs in the country.

• Most of the units of PMEGP in J&K in the year 2021-22 have been set up in districts like Baramulla, Budgam, Pulwama, Anantnag, Ganderbal, Kupwara, Bandipora and Doda which are prone to large scale militancy.

• In Jammu and Kashmir, out of 21,640 PMEGP units, 16807 (78 per cent) belong to the service sector, 1933 units (9 per cent) are related to rural engineering and bio-technology and 1770 units (8 per cent) belong to agriculture and food processing industry.

• About Prime Minister's Employment Generation Program 

• This scheme was started in the year 2008 by merging the Pradhan Mantri Rozgar Yojana (PMRY) and Rural Employment Generation Programme.

• This program has been implemented by the Ministry of Micro, Small and Medium Enterprises, Government of India.

• The implementation of this scheme is done by 'Khadi and Village Industries Commission' (KVIC).

• PMEGP i.e. Prime Minister's Employment Generation Program is a business loan linked subsidy program.

• The objective of this program is to generate employment opportunities in rural and urban areas by promoting the development of new self-employment ventures/micro enterprises/projects.