Jagmohan Garg News highlights Employment generation under PMEGP fell by 9.5% in FY16

The quantity of business openings created under the Prime Minister’s Employment Generation Program (PMEGP) fell more than 9.5% year-on-year to 3.2 lakh in FY 16 from more than 3.5 lakh in FY15, as indicated by industry body ASSOCHAM investigation notify Jagmohan Garg.

“In addition, the quantity of activities set up under the PMEGP likewise lessened from more than 48,100 in FY15 to around 44,300,” noticed the ASSOCHAM examination of information arranged by Ministry of Micro, Small and Medium Enterprises.

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Jagmohan Garg news also added that Uttar Pradesh finished the rundown with more than 43,000 employments created under the PMEGP in FY16 however the quantity of occupations diminished from more than 48,600 that were produced in FY15 along these lines enlisting year-on-year decay of more than 11 %.

Tamil Nadu, Maharashtra, Bihar and Odisha are four different states in such manner.

“The PMEGP is a compelling plan gone for lessening unemployment and creating reasonable work openings in provincial and urban India, yet there is a requirement for banks and different organizations must set up in synergistic endeavors to meet the objectives of this program,” said Mr D.S. Rawat, secretary general of ASSOCHAM while discharging the discoveries of the chamber’s investigation.

While the quantity of credit recommendations endorsed under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) expanded altogether from a little more than four lakh to more than 5.1 lakh between 2014-15 and 2015-16, the affirmed sum under this plan got lessened from Rs 21,200 crore in FY15 to over Rs 19,900 crore in FY16 i.e. a fall of more than six %.

Indeed, even the quantity of MSMEs profited as a feature of Marketing Assistance and Technology Up-degree program likewise decreased from 359 in FY15 to 303 in FY16 said the investigation including that the quantity of students under the Entrepreneur Development Programs Scheme additionally lessened essentially from more than 1.4 lakh in FY15 to a little more than 66,000 in FY16.

While the quantity of MSMEs profited under Credit Linked Capital Subsidy Scheme decreased from more than 7,200 in FY15 to a little more than 5,000 in FY16, the measure of appropriation discharged likewise declined by more than 28 % amid this period.

The quantity of new thoughts affirmed as a major aspect of Entrepreneurial Development of SMEs through Incubators have hardly expanded from 143 in FY15 to 145 in FY16.

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