Which of the following statement s about Prime Minister rsquo s Employment Generation Programme PMEG...........

Economic Affairs Employment related Issues

Which of the following statement/s about Prime Minister’s Employment Generation Programme (PMEGP) is/are correct?

1. It is a credit-linked subsidy programme, aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector.

2. Khadi and Village Industries Commission (KVIC) under the Ministry of Rural Development is the main implementing agency for this programme.

Select the correct answer using codes given below

1 only

2 only

Both 1 and 2

Neither 1 nor 2

छोटे Courses बड़े Results

Master Employment related Issues

Prepare through Micro-courses

Try Now

Explanation:

1 only

Under the PMEGP scheme, financial assistance is provided in the form of a subsidy, which ranges from 15% to 35% of the project cost, depending on the category of the applicant.
The remaining amount can be obtained as a bank loan. The repayment period for the loan is generally 3 to 7 years.