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PMEGP review meeting held in Silchar

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Electric pottery wheels distributed in Narsingpur

HT Correspondent

SILCHAR, July 26: A review meeting of all bankers of Cachar on the Prime Minister’s Employment Generation Program (PMEGP) was held by the Central Government Department of Khadi and Rural Industries (Ministry of MSME) at the conference hall of DRDA here on Monday.
In this review meeting held under the chairmanship of Rajiv Roy, district development commissioner of Cachar, deputy chief executive officer of Khadi and Rural Industries Department, Dr Sukomal Dev told the bankers that the unemployed youth or those who want to be entrepreneurs are eligible for the PMEGP program.
He mentioned that all bankers have to play a pivotal role in giving financial grants to entrepreneurs of all levels.
Dev requested that banks should create new enthusiasm in the valley and sincerely help the unemployed youths so that they can get loans easily.
“Earlier revised maximum project expenditure for service and trading units as per these guidelines was Rs 20 lakh and if the total cost of the project is more for the service sector, the banks can provide the remaining amount without any subsidy,” mentioned Dr Dev.
“Margin money can be claimed only after the borrower completes the EDP training and uploads it on the portal. Now all organisations can implement PMEGP in rural and urban areas. Maximum project cost for manufacturing unit is Rs 50 lakh. Off-farm/farm-linked activities like sericulture, horticulture, floriculture, etc., can be financed under PMEGP. Industries and businesses related to animal husbandry can now be financed under PMEGP,” Dr Sukomol Dev quipped.
Dev also urged the women present to be more proactive so that their monthly income could increase more.
He also mentioned that several other revisions have been made in the guidelines.
Earlier, district development commissioner Rajiv Roy, BDO, Narsingpur, LDM Rakesh Prasad, chief manager of State Bank of India, DIC officials gave relevant speeches on the occasion.
Later, in the distribution program of Electric Pottery Wheels (pottery) organised for the purpose of empowering women at the office of the Narsingpur Block Development Officer, 80 women potters received free electric pottery wheels and 20 plunger machines were distributed to women altogether.

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