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KVIC Disburses Rs 300 Crore Margin Money Subsidy to 8,794 Beneficiaries under PMEGP

Newsmantra — Fri, 06 Jun 2025 06:09:23 +0000

The Khadi and Village Industries Commission (KVIC), under the Ministry of Micro, Small and Medium Enterprises, Government of India, has disbursed a margin money subsidy of Rs 300 crore to 8,794 beneficiaries across the country through a virtual program organized on Tuesday under the Prime Minister’s Employment Generation Programme (PMEGP). This disbursement was made against a loan sanction of approximately Rs 884 crore. The event took place at KVIC’s Central Office in Vile Parle (West), Mumbai, where KVIC Chairman Shri Manoj Kumar digitally released the subsidy to the beneficiaries in the presence of KVIC CEO Ms. Roop Rashi and other senior officers.

During the program, Chairman Shri Manoj Kumar highlighted the significance of the PMEGP scheme, emphasizing its role in fostering self-employment and entrepreneurship under Prime Minister Narendra Modi’s leadership. He stated that Khadi and Village Industries are not merely products but embody the vision of “Aatmanirbhar Bharat,” creating a strong foundation for rural and urban livelihoods. The scheme has successfully generated employment for lakhs of youth, connecting them with entrepreneurial opportunities and reinforcing the government’s commitment to economic self-reliance.

Region-wise disbursements showcased the scheme’s broad impact across India, with Rs 91.13 crore allocated to 2,366 projects in the Central Zone (Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Uttarakhand), Rs 62.68 crore to 2,167 projects in Eastern India (Bihar, Jharkhand, Odisha, West Bengal, Northeast states), Rs 41.80 crore for 1,320 projects in Northern India (Haryana, Himachal Pradesh, J&K, Punjab, Rajasthan), and Rs 24.12 crore for 496 projects in Western India (Gujarat, Maharashtra, Goa). Since its inception till FY 2024-25, PMEGP has established over 10 lakh micro enterprises with a sanctioned loan of Rs 73,348 crore and a margin money subsidy of Rs 27,166 crore, directly and indirectly creating employment for more than 90 million people, thus solidifying its role as a key driver of rural and urban entrepreneurship in India.

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KVIC Chairman inaugurated 1100 new units of PMEGP through video conferencing.

Newsmantra — Wed, 18 Sep 2024 13:35:48 +0000

• On the birthday of Prime Minister Shri Narendra Modi, KVIC gifts to lakhs of Khadi artisans.

• Announcement of KVIC Chairman Shri Manoj Kumar, from October 2, 2024, the wages of spinners will increase by 25 percent and weavers by 7 percent.

• KVIC’s ‘Sailai Samridhi Yojana’ launched, registration started.

• On the lines of the memorial charkha installed at Delhi Airport, KVIC unveiled a memorial charkha at Asmavati Riverfront in Porbandar.

• Margin money subsidy of Rs 101 crore distributed to the accounts of 3,911 beneficiaries across the country; 43,021 new people got employment.

• KVIC Chairman inaugurated 1100 new units of PMEGP through video conferencing.

New Delhi, 18th September, 2024: On the occasion of Prime Minister Shri Narendra Modi’s birthday and completion of 100 days of Modi Government 3.0, Shri Manoj Kumar, Chairman, Khadi and Village Industries Commission, Ministry of Micro, Small and Medium Enterprises, Government of India, gave a big gift to lakhs of Khadi artisans in a programme organized at Asmavati Riverfront in Porbandar, the birthplace of Poojya Bapu ji. An increase of 25 percent in the wages of spinners and 7 percent in the wages of weavers has been announced. The increased wages will be effective from 2nd October 2024 on birthday of Father of the Nation Mahatma Gandhi. On this occasion, a 26 feet long and 13 feet wide stainless steel ‘Memorial Charkha’ installed on the Asmavati Riverfront was also unveiled. During the programme, Chairman, KVIC distributed Margin Money subsidy of Rs. 101 crore into the accounts of 3911 beneficiaries under Prime Minister’s Employment Generation Programme (PMEGP) and also inaugurated 1100 new PMEGP units through video conferencing.

Addressing the programme, Shri Manoj Kumar said that the wages of spinners and weavers has been increased for the second time during his tenure. From October 2nd, 2024, spinners will get wages of Rs 12.50 per hank instead of Rs. 10. Earlier, on April 1st, 2023, it was increased from Rs 7.50 to Rs 10 per hank. He further stated that the ‘Khadi Kranti’ under the leadership of Prime Minister Shri Narendra Modi has brought about a big change in the lives of spinners and weavers. The Khadi turnover has surpassed Rs1.55 lakh crore in the last financial year. In line with the Hon’ble Prime Minister’s vision to extend benefits to Khadi family artisans, the Commission has decided to increase their wages. He mentioned that there are approximately 3,000 registered Khadi institutions across the country, through which 4.98 lakh Khadi artisans are employed, out of these about 80 percent are women. The increased wages will give them new economic strength. He further said that till now the wages has been increased by around 213 percent under the Modi government, which is a symbol of the fact that rural India is getting economically empowered through Khadi.

During the event, Chairman KVIC unveiled a commemorative charkha made of stainless steel at Asmavati Riverfront on the lines of the monumental charkha installed at Delhi International Airport. Earlier on 12 September, a similar charkha was unveiled at Lal Bahadur Shastri International Airport in Varanasi, the parliamentary constituency of Hon’ble Prime Minister Shri Narendra Modi. In his presidential address, Chairman KVIC Shri Manoj Kumar said that the objective of KVIC behind installing the memorial Charkha is to connect the new generation with the thoughts of Father of the Nation Mahatma Gandhi as well as to make people aware about Khadi, the national heritage of India. He further stated that the ‘New Khadi of New India’ has given a new direction to the ‘ Aatmnirbhar Bharat and Vikasit Bharat Campaign’. This charkha, installed at the birthplace of Pujya Bapu, will serve as a reminder to the new generation of the legacy of the Father of the Nation.

During the programme, Margin Money (subsidy) worth Rs 101 crore was also distributed into the accounts of 3911 beneficiaries across the country under PMEGP. Through this, 43,021 new jobs have been created. Along with this, 1100 new PMEGP units established across the country were also inaugurated by the Chairman, Khadi and Village Industries Commission. Addressing the beneficiaries, Chairman KVIC Shri Manoj Kumar said that under the leadership of Prime Minister Shri Narendra Modi and guidance of the Ministry of MSME, PMEGP has emerged as a new energy and power for the cottage industry of the country. Through this, 83.48 lakh people have got employment through 9.58 lakh new projects in the last 10 years. During this period, KVIC has distributed Margin Money worth about Rs. 24 thousand crore. He further said that 10.17 lakh new jobs have been created in the last financial year through Khadi and Village Industries.

Representatives of Khadi institutions associated with the KVIC State Office in Gujarat, along with Khadi workers, artisans, and KVIC officers and employees, were present at the programme.

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KVIC & DoP Sign MoU For Physical Verification Of PMEGP

Newsmantra — Thu, 22 Aug 2024 05:38:42 +0000

The KVIC will also train the employees for the physical verification process.

The Khadi and Village Industries Commission KVIC has signed a Memorandum of Understanding MoU with the Department of Posts. Under this MoU, the employees of the Postal Department will physically verify new units being set up across the Country under the Prime Minister Employment Generation Programme PMEGP. The KVIC will also train the employees for the physical verification process.

The MoU was signed by Postal Department’s Deputy General Manager Dr Amanpreet Singh and Deputy CEO of PMEGP Rajan Babu on behalf of KVIC.

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KVIC comes forward to local production

Newsmantra — Thu, 14 May 2020 07:17:30 +0000

The Khadi and Village Industries Commission (KVIC) has geared up to Prime Minister Shri Narendra Modi’s call to become “vocal for local” and further making it “global”. A day after the Prime Minister’s appeal for encouraging local products, the KVIC issued a slew of guidelines to expedite the implementation of projects under the flagship program PMEGP.

KVIC Chairman, Shri Vinai Kumar Saxena today instructed concerned agencies to scrutinize the applications under PMEGP and forward it to banks for disbursal of funds within 26 days. He also instructed bringing down this time frame to 15 days. It will be mandatory for implementing agencies to guide and hand-hold the applicants for formulation of proposals and assist them till sanction of loan. All agencies will follow-up with banks for early sanction of loans.

According to the revised guidelines, the Monitoring Cell at KVIC, Mumbai will monitor the application process on a daily basis while it will be giving feedback to the implementing agencies every fortnight. The progress report, thereafter, shall be placed for perusal of the CEO and Chairman of KVIC.

Shri Saxena said the revised guidelines come in wake of the Prime Minister’s appeal for encouraging local production. “As the Prime Minister has said, ‘self-dependence’ is the mantra. Easing out the process under PMEGP will further accelerate the growth of local manufacturing. This will ensure maximum employment generation within a short time frame,” Saxena said. He said the transformation of the Khadi and Village Industries from local to global was a case study for other local industries and enterprises. “As the nodal agency, KVIC is committed to hand-hold the upcoming projects under PMEGP,” he added.

To boost the local production, it has been decided that at least one unit each pertaining to manufacture of N95 masks, ventilators or its accessories, PPE Kits for medical staff, sanitizers/liquid hand wash, thermal scanner and agarbatti and soap will be set up in each district. This is in order to meet the growing demand due to prevailing Covid-19 situation in the country.

According to the revised guidelines, the implementing agencies, at the time of scrutiny, must ensure that the applicant has secured at least 60 marks out of 100 in the score card. Similarly, technical feasibility like availability of raw material, manpower, access to transport and electricity must be examined so as to reduce rejections at the bank level.

Similarly, the implementing agencies shall also examine the market study, assessment of demand of the proposed product, similar projects in the vicinity and the market strategy. The agencies will ensure that the proposal falls under the selected bank’s jurisdiction to avoid rejection on that ground..

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