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:

[A] 1 only

[B] 1 and 2 only

[C] 2 and 3 only

[D] 1, 2 and 3

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