Southern States receive subsidy of ₹116 crore from KVIC
The Khadi and Village Industries Commission (KVIC) has disbursed margin money subsidy of ₹300 crore to 11,480 service sector beneficiaries across the country, under the Prime Minister's Employment Generation Programme (PMEGP) through a virtual event held on June 17.
In the southern States of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Kerala and Puducherry, a subsidy of ₹116 crore was disbursed covering 4,565 projects, with loans of more than ₹343 crore sanctioned for these projects, according to a statement issued by KVIC, on Thursday.
Since its inception in the financial year 2024-25, the PMEGP has become a pillar of entrepreneurship and self-reliance in rural and urban India, the release added.
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The Hindu
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Southern States receive subsidy of ₹116 crore from KVIC
The Khadi and Village Industries Commission (KVIC) has disbursed margin money subsidy of ₹300 crore to 11,480 service sector beneficiaries across the country, under the Prime Minister's Employment Generation Programme (PMEGP) through a virtual event held on June 17. In the southern States of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Kerala and Puducherry, a subsidy of ₹116 crore was disbursed covering 4,565 projects, with loans of more than ₹343 crore sanctioned for these projects, according to a statement issued by KVIC, on Thursday. Since its inception in the financial year 2024-25, the PMEGP has become a pillar of entrepreneurship and self-reliance in rural and urban India, the release added.
