State to set up 1,621 units under PMEGP

Srinagar: The state has the target of setting up 1,621 income-generating units with a subsidy component of Rs 1,938.20 lakh this fiscal under the Prime Minister’s Employment Generation Programme (PMEGP).
The figures were shared in a meeting held Saturday to review the implantation of the New Delhi-sponsored scheme in Kashmir division during the current fiscal, an official handout issued here said.
“These units will generate employment for 12,978 unemployed youth of Kashmir division,” it said.
The meeting was organized by Khadi and Village Industries Board (KVIB) in collaboration with Khadi and Village Industries Commission (KVIC) with Director Industries in chair, it said.
“It was given out that under the scheme that 539 beneficiaries who were covered under the scheme included 132 under women category, 374 under minority category while 33 under scheduled tribe category during the current fiscal upto February 2015,” the statement said.
“Out of these units 260 units were provided margin money Rs 369.18 lakh creating employment opportunities for 1,827 persons. The central government is providing additional funds to the tune of Rs 14 crore to the implementing agencies under PMEGP to achieve the targets fixed for the current fiscal,” it added.
During the meeting, it said the Director Industries urged the banks and other financial institutions to provide “hassle-free loans” to beneficiaries for setting up the income generating units.