PM Employment Generation Programme extended till 2025-26
Tags: Government Schemes
Recently, the Prime Minister's Employment Generation Program has been approved to continue till 2025-26 with a total outlay of Rs 13,554.42 crore.
This scheme will create permanent employment opportunities for about 40 lakh persons in five financial years.
Along with increasing the time limit of this scheme, some more amendments have also been made in it.
Maximum project cost for manufacturing units increased from Rs 25 lakh to Rs 50 lakh
Project cost increased from Rs 10 lakh to Rs 20 lakh for service units
The definition of village industries and rural areas has also been changed in PMEGP.
Areas falling under Panchayati Raj Institutions will be considered as rural areas.
Areas under Municipal Corporation will be considered as urban areas.
Aspirational districts and 'transgender' applicants will be kept in a special category. they will get more subsidy
About Prime Minister's Employment Generation Program
The Prime Minister's Employment Generation Program was announced on 15 August 2008 in place of the Rural Employment Generation Program.
It is implemented by the Ministry of Micro, Small and Medium Enterprises.
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