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.