Coastal Talk News | New Delhi
A programme marking the release of Rs 1,000 crore in margin money subsidy under the Prime Minister’s Employment Generation Programme (PMEGP) was held in New Delhi on Wednesday. Union Minister for MSME -Jitan Ram Manjhi chaired the meeting. Union Minister of State for Micro, Small and Medium Enterprises and Labour & Employment Shobha Karandlaje was also present.
The subsidy is expected to support the establishment of around 11,333 new enterprises and generate more than one lakh employment opportunities. The initiative aims to promote entrepreneurship, encourage rural and micro-industrial development, and support inclusive economic growth. The programme is part of the government’s efforts to help aspiring entrepreneurs establish businesses and create sustainable livelihood opportunities under the leadership of Prime Minister Narendra Modi.
