UP tops in PMEGP Implementation

| | Lucknow
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UP tops in PMEGP Implementation

Thursday, 08 April 2021 | PNS | Lucknow

Imbibing Prime Minister Narendra Modi's mantra of 'Opportunities in disaster', the Uttar Pradesh government has set another record and has become number one in implementation of the PM Employment Generation Programme (PMEGP) during the year ended March 2021.
Uttar Pradesh Khadi and Village Industries Board, District Industries Centres and Khadi and Village Industries Commission achieved the target of 127 per cent in the year 2020-21.
It received Rs 136 crore from the Government of India, exceeding the target by about Rs 60 crore to be distributed as a grant to entrepreneurs.
Uttar Pradesh Khadi and Village Industries Board has secured the first position in the country in helping set up micro industries in the state under the Prime Minister Employment Generation Programme (PMEGP). Under this, in the current financial year 2020-2021, the Uttar Pradesh Khadi and Village Industries Board had set a target of employing 20,576 people by setting up 2,572 units with a margin money of Rs 7,716.10 lakh, against which as many as 4,143 units were set up with a margin money of Rs 13,636.16 lakh, giving employment to 43,118 people, which is 177 per cent of the target.
Similarly, the DIC utilised the margin money to the tune of Rs 14,039.27 lakh against the target of Rs 10287 lakh, 136 per cent of the target.
"Uttar Pradesh has gone ahead in taking advantage of the scheme. In the year 2019-2020, around 2,363 units were established using margin money of Rs 8,175.04 lakh. At the same time, in 2020-2021, 4,139 units were established from the margin money of Rs 13,626.26 lakh, which is 167 per cent more investment compared to last year," the government spokesman said.
 In addition, a capital investment of Rs 550 crore was made by Uttar Pradesh Khadi and Village Industries Board through banks under the PMEGP in rural areas of Uttar Pradesh.
"This has benefited the rural entrepreneurs and created a large number of jobs locally," the official said.

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