Ministry of Micro, Small and Medium Enterprises (MSME) is implementing Prime Minister's Employment Generation Programme (PMEGP), which is a major credit-linked subsidy programme, aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth in rural and urban areas.
The rate of job creation under PMEGP for the financial years 2015 - 16 and in the corresponding period of 2012-13 is given below:
Year
Margin Money subsidy disbursed
(Rs. in crore)
Micro- enterprises setup
(in Nos.)
Employment generated
(in Nos)
Employment generated per unit
2012-13
1080.66
57884
428246
7.39
2015-16
1020.06
44340
323362
7.29
As per the evaluation study of PMEGP units setup during 2012-13 to 2016-17, conducted by MDI, Gurugram, average employment generation per project is 7.62 and the average cost of generating unit employment is Rs.96,209.00.
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