:: Welcome to SLBC J&K ::
 
 
   
  Prime Minister's Employment Generation Programme  
     

The Prime Minister's Employment Generation Programme (PMEGP) is the result of the merger of two schemes - Prime Minister's Rojgar Yojana (PMRY) and The Rural Employment Generation Programme (REGP)
Under the scheme, the beneficiary is required to invest his/her own contribution of 10 per cent of the project cost. In case of Schedule Castes/Schedule Tribes and beneficiaries from other weaker sections, the beneficiary's contribution is 5 per cent of the project cost. The remaining 90 and 95% as of the project cost, as the case may be, is granted by banks specified under the scheme. The Beneficiaries under the scheme are refunded a certain amount of the loan (25% for General, 35% for weaker sections in rural areas) which is credited after three years from the date that the loan was extended.
Prime Minister’s Employment Generation Programme (PMEGP) is a credit linked subsidy programme administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME), Government of India. Khadi & Village Industries Commission (KVIC), a statutory organisation under the administration of Ministry of MSME is the nodal agency at national level for implementation of the scheme. At state level the scheme is implemented through KVIC, KVIB and District Industries center.
Objective:

  • To generate employment opportunities in rural as well as urban areas through setting up of self employment ventures.
  • To bring together widely dispersed traditional artisans/ rural and urban unemployed youth and give them self-employment opportunities to the extent possible, at their place and also to increase their income
  • To provide continuous and sustainable employment to a large segment of traditional and prospective artisans and unemployed youth, so as to help arrest migration of rural youth to urban areas.

Scope:

  • The scheme is applicable to all viable (technically as well as economically) projects in rural as well as urban areas, under Micro enterprises sector.
  • The maximum cost of the project admissible under manufacturing sector is Rs.25 lakhs and business/services sector is RS.10 lakhs.
  • Only one person from family is eligible for obtaining financial assistance under the scheme.
  • Assistance under the Scheme is available only for new projects
  • The scheme is aimed at encouraging manufacturing sector.
  • The assistance under the scheme will not be available to activities indicated in the negative list including business activities like grocery shop, stationery shops etc; farm related activities like goatery,piggery,poultry etc; and urban/rural transport activities(except auto rickshaw, tourist boat & house boat in A & N Islands; Shikara & tourist boat in J & K, & cycle rickshaw)

Eligible Entrepreneurs / Borrowers:

  • Any individual, above 18 years of age
  • There will be no income ceiling for assistance for setting up projects under PMEGP.
  • The beneficiaries should have passed at least VIII standard, for setting up of project costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business /service sector,
  • Self Help Groups (including those belonging to BPL provided that they have not availed benefits under any other Scheme) are also eligible for assistance under PMEGP.
  • Institutions registered under Societies Registration Act,1860
  • Production Co-operative Societies
  • Charitable Trusts.
  • Existing units (Under PMRY,REGP or any other scheme of Government of India or State Government) and the units that have already availed Government Subsidy under any other scheme of Government of India or State Government are not eligible.

Selection of beneficiaries:
The beneficiaries will identified & selected at the district level by a Task Force consisting of representatives from KVIC/State KVIB/ State DICs and Banks and headed by the District Magistrate / Deputy Commissioner / Collector concerned. 
Project Cost:
Cost of the project should not exceed Rs. 25 lakhs in respect of manufacturing activity and Rs. 10 lakhs in respect of Service / business activity for all categories of eligible borrowers.

 

Bank finance

Subsidy from KVIC

Promoter's contribution

Urban area

Rural area

General Category beneficiary / institution

90%

15%

25%

10%

Special category beneficiary/institution

95%

25%

35%

5%

 

Rate of Interest:
As applicable to the type of activity (industry/service).
Repayment:
3 to 7 years with an initial moratorium not exceeding 6 (six) months.
Security:

  • Assets created out of the bank's finance.
  • Personal guarantee of the proprietor / promoter.
  • No collateral security up to Rs. 5 lakhs.
  • Eligible units to be covered under Credit Guarantee Fund scheme for Micro & small Enterprises – CGMSE. (excluding Margin Money / subsidy component)

Others:

  • The credit decision rests with the Bank, on the basis of viability of each project.
  • The selected beneficiary has to undergo EDP/Skill Development training for 2-3 weeks at KVIC/KVIB/accredited training centers is mandatory.
  • Applications  with project report and all relevant documents may be submitted to KVIC/KVIB/ Banks
  • Application formats may be obtained from the website of KVIC at www.kvic.org.in Conditions apply. The information provided above is only illustrative and not exhaustive.

Implementation of the PMEGP Scheme (Year wise Target and Achievements)

amount in thousands

Year

Target

Achievement

%age of Ach.

A/C

Amount

A/C

Amount

(Financial)

2008-09

695

1661.16

155

318.04

19%

2009-10

4946

11692.76

2548

6061.19

52%

2010-11

4083

13219.41

1917

7139.88

54%

2011-12

982

3420.00

2103

7412.99

217%

2012-13

2329

10851.72

822

3431.48

32%

2013-14

3314

8054.64

2473

10323.78

128%

2014-15

3281

1210.85

2382

1063.06

88%

2015-16 
PMEGP (DIC)
706
3,11,106
1,020
4,07,687
131%
PMEGP (KVIB)
738
3,19,706
740
3,14,941
99%
PMEGP (KVIC)
316
1,36,758
255
1,02,184
75%
PMEGP (TOTAL)
1,760
7,67,570
2,015
8,24,812
107%

Year 2016-17

 

 

 

 

 

PMEGP (DIC)

850

4,68,296

576

2,68,728

57%

PMEGP (KVIB)

891

4,63,271

987

4,30,556

93%

PMEGP (KVIC)

384

2,04,330

366

1,73,101

85%

PMEGP (TOTAL)

2125

11,35,897

1929

8,72,385

77%

Year 2017-18 (Q1)
         

PMEGP (DIC)

643

3,79,568

73

30,605

8%

PMEGP (KVIB)

695

3,44,166

134

46,581

14%

PMEGP (KVIC)

300

1,46,960

57

33,656

23%

PMEGP (TOTAL)

1638

8,70,694

264

1,10,842

13%

 

 

Click Here for Government of India guidelines / circulars on NRLM.

All GoI circular can be downloaded at:
http://www.kviconline.gov.in/pmegp/pmegpweb/docs/jsp/circular.jsp

For more information, please visit :  http://www.kviconline.gov.in/pmegp/pmegpweb/

 
 
   
     
     
     
  :: Welcome to SLBC J&K ::
    Messages/Events/
Alerts/Requisition
   SLBC Meetings
 
 
  List of KCC Waiver Beneficiaries-I
 
  List of KCC Waiver Beneficiaries-II
 
  KCC left-out Beneficiaries
 
  New schemes launched by PM
 
 
  Guidelines / Circulars
 
  Special SLBC Meetings
   
  Sub-Committee SLBC Meetings
   
  Other Meetings
   
  Feedback
  SiteMap
  SLBC Meetings  
  Contact Us
 
 
         
       
 

Mr. Parvez Ahmed
Chairman & Chief Executive Officer
Convenor J&K SLBC
The Jammu & Kashmir Bank Ltd.
Corporate Headquarters
M.A Road Srinagar,
Jammu and Kashmir, India
Phone: 0194-2481900,

Fax:0194-2481902

Mr. Vagish Chander Sharma
Executive President,
Personnel & HRDD/ Trainings, Disciplinary Deptt, Management of Board Secretariat,
FSD/ Insurance, JKGB Management, Customer Care/ Compliance/ KYC/ AML, Lead Bank, FID/CSC.
Corporate Headquarters
M.A Road Srinagar,
Jammu and Kashmir, India

Telephone/ Fax: 0194-2502614/ 2502615
Ext. No: 1450, 1451
Cell No: 9479176977
Email: vc.sharma@jkbmail.com  

Mr. Rakesh Gandotra
Vice President,
Lead Bank Department, Financial Inclusion Department / Common Services Centre, Strategy & Business Development Division.
Corporate Headquarters
M.A Road Srinagar,
Jammu and Kashmir, India

Telephone/ Fax: 0194-2502639
Ext. No: 1139
Cell No: 9815922320/ 9810642320
Email: rakesh.gandotra@jkbmail.com  

SLBC Secretariat
J&K State Level Bankers' Committee (SLBC)
Corporate Headquarters
M.A Road Srinagar,
Jammu and Kashmir, India

Telephone/ Fax: 0194-2502639
Aircel: 8803004089, 8803004095
Ext. No/s: 1141 and 1142 
Email: convenorbank@jkbmail.com
 
 
 
 

© 2017 J&K Bank All rights reserved. Designed and developed by J&K Bank Web Team.