The Bankers review cum monitoring committee meeting under Prime Minister’s Employment Generation Programme (PMEGP) was held under the chairmanship of Commissioner/ Secretary Industries & Commerce Department here on Saturday.
The meeting was attended by Director Industries & Commerce, Jammu, Director Industries & Commerce, Kashmir, Director of Planning Industries & Commerce Department, Secretary/CEO J&K KVIB, Director Khadi & Village Industries Commission and Officers / Bankers from various Banks.
The meeting was focused on reviewing the agency wise and bank-wise performance under PMEGP for the year 2019-20 and 2020-21. During the meeting, it was informed that against the targets for the establishment of 1920 units involving margin money of Rs. 5758.60 lacs, margin money to the tune of Rs. 9908.12 lacs was released by Govt. of India for the establishment of 4992 units thereby creating employment opportunities for 39936 persons, during the previous year FY, 2019-20. Additionally, for the current FY, a target for the establishment of 2600 units involving margin money of Rs. 7804.21 lacs has been fixed for UT of J&K. Against the said targets, an amount of Rs. 3280.14 lacs has been disbursed for the establishment of 1668 units.
Commissioner/ Secretary Industries & Commerce Department
impressed upon officers to ensure that the scheme benefits reach to people living in all districts especially in remote areas of the U.T He enjoined officers to organize awareness programmes so that the people residing in far-flung areas are sensitized about the scheme. Commissioner/ Secretary Industries & Commerce Department noted with satisfaction that 35.5% of units under PMEGP have been set up by women entrepreneurs.