Q. Consider the following statements regarding Prime Minister’s Employment Generation Programme (PMEGP):
1.It is a credit linked subsidy programme.
2.It is a central sector scheme being administered by the Ministry of Micro, Small and Medium Enterprises.
3.KVIC is the implementing agency at national level.
Choose the correct answer from below given codes:
Answer: D
Notes:
Explanation: The Government of India approved the introduction of a credit linked subsidy programme called Prime Minister’s Employment Generation Programme (PMEGP) in 2008 for generation of employment opportunities through establishment of micro enterprises in rural as well as urban areas.
- It allows entrepreneurs to set up factories or units.
- It is a central sector scheme being administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME).
- Implementing Agency at the National Level: Khadi and Village Industries Commission (KVIC) a statutory organization under the administrative control of the Ministry of MSME.
Source: TMH Ramesh Singh