Over 4.25L jobs to be generated under PMEGP in 2016-17: Kalraj Mishra
Union Minister for MSME Kalraj Mishra on Tuesday said 2016-17 will be the development year for MSME with the more allocation and increased job creation. He said the ministry has prepared a time-bound action plan for utilising the allocation of Rs 3,000 crore to his ministry and the implementation of major schemes, which include PMEGP, SFRUTI, ASPIRE, etc.
Briefing about the roadmap and budget allocation of MSME Ministry, Mishra said, “Under PMEGP, Rs 1,139 crore will be utilised during 2016-17 to assist 55,000 projects with margin money. This will generate employment for more than 4, 25,000 persons.”
He said Khadi production is expected to reach Rs 1,300 crore during this fiscal, generating employment for over 19.50 lakh people. Rs 341 crore has been earmarked for Khadi & Village Industries Commission for this purpose.