Good News for Startups of India – Measures taken to reduce the delay in sanctioning of loans under PMEGP  

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Measures taken to reduce the delay in sanctioning of loans under PMEGP  

To reduce the delay in the loan sanctioning process following initiatives have been taken under PMEGP Scheme:

●       In order to streamline the process of application flow and fund flow and to bring in transparency and better financial management an online PMEGP e-portal has been introduced. All applications and fund flow will be processed online in stipulated time frame.

●       For speedy completion of EDP training, these are being conducted through   Departmental Training Centres as well as RSETIs/RUDSETIs. An MOU has been executed between KVIC & National Centre for Excellence of RSETIs (NACER).

●       Implementing Agencies are instructed to encourage and provide necessary assistance to the beneficiaries for filing online application by setting up of help desks.

●       To resolve the bottlenecks in the PMEGP online system related to banks, Nodal Officers at the Head office level are nominated for all nationalized banks.                                             

The number of jobs created under PMEGP during the last three financial years and current year is given below:

Year

Employment

generated

2014-15

3,57,502

2015-16

3,23,362

2016-17

4,07,840

2017-18 (up to 30.11.2017)

1,83,344

 

The details of margin money subsidy released, number of units setup and total number of estimated employment generated under PMEGP for North-East India during the last three financial years and current FY(up to 30.11.2017)  is given below:

PMEGP performance in NER States for last three years and current financial year

(up to 30.11.2017) is as under: 

Sr.

No.

Year

Margin Money allocation

(Rs.in lakh)

Margin Money utilized#

(Rs.in lakh)

Units assisted

(Number)

Estimated employment generated

(Number)

Estimated credit flow (Rs. in lakh)

1

2014-15

13904.00

12027.64

9005

38445

32474.63

2

2015-16

14432.95

8729.80

7315

36491

23570.46

3

2016-17

12700.00

14191.40

11690

73878

38316.78

4

2017-18*

13465.00

5024.94

3251

26008

13734.62

 

Total

54501.95

39973.78

31261

174822

108096.49

            #  including un-utilized  balance funds of previous year

            * up to 30.11.2017

This Press Release is based on information given by the Minister of State for MSME Shri Giriraj Singh in a written reply to a question in Rajya Sabha on 20.12.2017(Wednesday)

About Post Author

Suman Munshi

Founder Editor of IBG NEWS (15/Mar/2012- 09/Aug/2018). Recipient of Udar Akash Rokeya Shakhawat Hossain Award 2018. National Geographic & Canon Wild Clicks 2011 jury and public poll winner. Studied Post Graduate Advance Dip in Computer Sc., MBA IT,LIMS (USA & Australia), GxP(USA & UK),BA (Sociology) Dip in Journalism (Ireland), Diploma in Vedic Astrology, Numerology, Palmistry, Vastu Shastra & Feng Sui 25 years in the digital & IT industry with Global MNCs' worked & traveled in USA, UK, Europe, Singapore, Australia, Bangladesh & many other countries. Education and Training advance management and R&D Technology from India, USA, UK, Australia. Over 30 Certification from Global leaders in R&D and Education. Computer Science Teacher, IT & LIMS expert with a wide fan following in his community. General Secretary West Bengal State Committee of All Indian Reporter’s Association
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