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Created: 02 February 2018

JAMMU: To review implementation of Prime Minister’s Employment Generation Programme (PMEGP) in Punjab, Haryana States and Union Territory Chandigarh,  a review meeting was conducted under the chairmanship of Dr. Hina Shafi Bhat, Hon’ble Member (NZ), KVIC. During the meeting Director Industries and Commerce Shri D.P. S. Kharbanda (IAS), Convenor SLBC, in Punjab, Haryana States and Union Territory Chandigarh, Representative RBI, Member Convenor, Shri V. K. Nagar State Director KVIC in Punjab, Haryana States and Union Territory Chandigarh, Representatives of various Banks were present.

Dr. Hina held a detailed review of the PMEGP being implemented by all sponsoring agencies viz KVIC. KVIB & DIC. She said PMEGP is the flagship scheme of Ministry of MSME and is an effective instrument for generating employment opportunities in urban and rural India through setting up of micro enterprises. She said PMEGP is an effective scheme to tackle unemployment, generate sustainable employment opportunities in rural and urban areas and financial institutions like banks play a crucial role here.”

She asked the banks to work in right earnest to meet the targets of the programme and expedite disbursement of the margin money.  Member (NZ) expressed that the discussions held during the review meeting with all the stakeholders, including representatives of various Banks, States officials and other beneficiaries, will be fruitful on crucial areas like collateral free loans, timely bank sanctions, release of margin money subsidy and loan installment, coverage of credit guarantee scheme, achievement of social category targets of SC, ST, minority, women etc. The meeting will encourage all the stakeholders and will leads to better implementation of PMEGP Scheme in in Punjab, Haryana States and Union Territory Chandigarh, thereby achieving the set targets in time and providing better employment opportunities to the youths.  The position was reviewed in the meeting and also the bottlenecks were examined.  Before, this State Director Shri V.K. Nagar  briefed the Hon’ble Member and all present during the meeting about the District-Wise and Bank-Wise progress of PMEGP for the year 2017-18.