Loan to youths under PMEGP
Loan to youths under PMEGP
The Ministry of Micro, Small and Medium Enterprises has been implementing a credit-linked subsidy programme named Prime Minister’s Employment Generation Programme (PMEGP) since 2008-09 through Banks with Khadi and Village Industries Commission (KVIC) as nodal agency at the national level for generating employment in the Country by setting up of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth. Under PMEGP, general category beneficiaries can avail of margin money subsidy of 25% of the project cost in rural areas and 15% in urban areas. For beneficiaries belonging to special categories such as scheduled castes, scheduled tribes, OBCs, minorities, women, ex-servicemen, physically handicapped, beneficiaries belonging to North Eastern Region, hill and border areas, etc., the margin money subsidy is 35% in rural areas and 25% in urban area. The maximum cost of project is Rs. 25 lakh in the manufacturing sector and Rs. 10 lakh in the service sector.
State-wise release of margin money subsidy which is treated as target, as also the achievements in term of the margin money subsidy utilized under PMEGP during the last three years i.e 2012-13, 2013-14 and 2014-15 are given at Annex. No funds have been released in the current financial year i.e 2015-16.
State wise margin money subsidy released and
utilized under PMEGP
|
Sr.
No.
|
State/UT
|
2012-13
|
2013-14
|
2014-15
|
|||
|
Margin
money
subsidy
released
(Rs. lakh)
|
Margin
money
subsidy
utilized#
(Rs. lakh)
|
Margin
money
subsidy
released
(Rs. lakh)
|
Margin
money
subsidy
utilized#
(Rs. lakh)
|
Margin
money
subsidy
released
(Rs. lakh)
|
Margin
money
subsidy
utilized#@
(Provisional)
(Rs. lakh)
|
||
|
1
|
Jammu& Kashmir
|
3667.37
|
3413.99
|
2994.07
|
3226.20
|
3181.64
|
2155.00
|
|
2
|
Himachal Pradesh
|
1449.60
|
1350.84
|
1742.71
|
1613.84
|
2069.88
|
1645.91
|
|
3
|
Punjab
|
1691.03
|
1417.92
|
2993.38
|
2477.06
|
2993.38
|
2923.87
|
|
4
|
UT Chandigarh
|
135.38
|
68.63
|
202.70
|
59.11
|
0.00
|
61.46
|
|
5
|
Uttarakhand
|
1979.18
|
2043.16
|
2246.04
|
2099.99
|
2246.05
|
1371.71
|
|
6
|
Haryana
|
1898.29
|
1511.38
|
1550.54
|
2075.51
|
3101.28
|
2849.33
|
|
7
|
Delhi
|
368.98
|
133.52
|
0
|
164.74
|
0.00
|
121.59
|
|
8
|
Rajasthan
|
6737.25
|
6223.97
|
3331.20
|
4064.94
|
6662.38
|
4330.08
|
|
9
|
Uttar Pradesh
|
14789.65
|
12968.42
|
13988.57
|
15104.91
|
17073.57
|
15012.58
|
|
10
|
Bihar
|
7234.44
|
7669.08
|
8136.60
|
7725.19
|
2768.30
|
3378.52
|
|
11
|
Sikkim
|
216.09
|
88.49
|
0
|
108.09
|
0.00
|
33.52
|
|
12
|
Arunachal Pradesh
|
290.74
|
296.50
|
963.25
|
889.42
|
963.25
|
59.60
|
|
13
|
Nagaland
|
1049.83
|
1101.32
|
1882.67
|
1125.77
|
470.67
|
878.59
|
|
14
|
Manipur
|
1057.31
|
1098.49
|
1750.20
|
1591.34
|
1750.20
|
550.20
|
|
15
|
Mizoram
|
724.52
|
545.82
|
1210.87
|
886.40
|
302.72
|
896.11
|
|
16
|
Tripura
|
2867.73
|
2441.35
|
1109.32
|
2225.25
|
1387.58
|
960.27
|
|
17
|
Meghalaya
|
1194.87
|
869.07
|
759.19
|
600.13
|
380.00
|
897.70
|
|
18
|
Assam
|
6614.04
|
5801.15
|
3619.41
|
7393.07
|
3619.70
|
4167.01
|
|
19
|
West Bengal
|
7326.41
|
7382.49
|
6017.77
|
5596.72
|
6017.77
|
5727.46
|
|
20
|
Jharkhand
|
3396.37
|
3423.46
|
4508.29
|
4533.11
|
2943.98
|
2317.47
|
|
21
|
Odisha
|
7937.60
|
7518.67
|
3629.32
|
4075.76
|
3629.66
|
3595.88
|
|
22
|
Chhattisgarh
|
4456.80
|
3714.39
|
2559.67
|
2118.61
|
2260.12
|
1424.37
|
|
23
|
Madhya Pradesh
|
9831.73
|
9097.43
|
9038.13
|
7973.02
|
10170.43
|
8018.71
|
|
24
|
Gujarat*
|
5640.48
|
3304.67
|
2522.22
|
4401.81
|
5150.22
|
5604.22
|
|
25
|
Maharashtra **
|
6875.19
|
6794.14
|
4327.19
|
4737.62
|
7985.18
|
5578.38
|
|
26
|
Andhra Pradesh
|
7190.36
|
5655.41
|
3036.32
|
4610.54
|
4159.76
|
2769.26
|
|
27
|
Telangana
|
0.00
|
0.00
|
0.00
|
0.00
|
1912.88
|
1407.48
|
|
28
|
Karnataka
|
6318.62
|
3580.73
|
5295.41
|
7837.31
|
5295.41
|
5523.50
|
|
29
|
Goa
|
387.68
|
83.87
|
0
|
143.86
|
0.00
|
141.76
|
|
30
|
Lakshadweep
|
0
|
0
|
0
|
3.18
|
270.58
|
28.61
|
|
31
|
Kerala
|
3265.49
|
3343.35
|
2710.19
|
2756.94
|
2710.19
|
2666.34
|
|
32
|
Tamilnadu
|
6084.27
|
4916.28
|
5839.78
|
5216.93
|
5839.78
|
5380.37
|
|
33
|
Puducherry
|
17.00
|
83.79
|
484.25
|
43.17
|
0.00
|
74.46
|
|
34
|
Andaman & Nicobar Islands
|
149.75
|
124.62
|
387.02
|
164.94
|
0.00
|
46.77
|
|
|
Total
|
122844.05
|
108066.40
|
98836.38
|
107644.48
|
107316.56
|
92598.09
|
#
including un-utilized balance funds of previous year.
* including Daman & Diu. ** including Dadra &
Nagar Haveli
@ For
the year 2014-15, the disbursement of Margin Money subsidy in respect of
projects sanctioned upto 31st March 2015 has been extended upto 30th
April 2015.
This information was given by the Minister of State, Micro, Small and
Medium Enterprises, Shri Giriraj Singh in a written reply to a question in
Rajya Sabha today.
Easier access to bank loans for MSMEs
Following the recommendations of Prime Minister’s Task Force Report on MSMEs (2010), the RBI has advised the banks to achieve 20 per cent year-on-year growth in credit to micro and small enterprises (MSEs), 10 per cent annual growth in the number of micro enterprise accounts and banks to allocate 60 per cent of the MSE advances to the micro enterprises. In addition, to facilitate easy flow of credit to Micro, Small and Medium Enterprises (MSMEs), the Government launched Credit Guarantee Fund Scheme for Micro and Small Enterprises in August, 2000 under which guarantee cover is provided for collateral free credit extended to micro and small enterprise (MSEs). The Reserve Bank of India (RBI) has also issued guidelines in May, 2010, which mandatorily require banks to dispense with collateral requirement for loans upto Rs.10.00 lakh to MSEs. The Ministry also implements Prime Minister’s Employment Generation Programme and Credit Linked Capital Subsidy Scheme, wherein margin money and capital subsidy respectively are disbursed to bring down the effective cost of loan.
The Ministry of Micro, Small and Medium Enterprises, and Small Industries Development Bank of India (SIDBI) have established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). CGTMSE provides guarantee cover under its Credit Guarantee Scheme (CGS) to its registered member Banks / Financial Institutions (called MLIs) against credit facilities upto Rs. 100 lakh sanctioned by them to the eligible Micro and Small Enterprises without taking any collateral security and / or Third Party Guarantee. As on March 31st, 2015 18, 17,245 guarantee proposals have been approved for an amount of Rs 90445.90 crore.
This information was given by the Minister of State, Micro, Small and Medium Enterprises, Shri Giriraj Singh in a written reply to a question in Rajya Sabha today.
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