State told not to accept fresh PMEGP forms
State told not to accept fresh PMEGP forms
ERODE: The Centre has instructed the State government not to receive new applications under the PM Employment Guarantee Programme ..

ERODE: The Centre has instructed the State government not to receive new applications under the PM Employment Guarantee Programme (PMEGP) this year and to clear the pending applications before September 31, 2011.Informed sources said that the scheme was being implemented through nodal agencies such as District Industries Centre (DIC), Khadi and Village Industries Commission (KVIC) and the Khadi and Village Industries Board (KVIB) to promote rural industries. The nodal agency at national level is the KVIC. The maximum loan to be sanctioned for the manufacturing sector is Rs 25 lakh and for the service sector Rs 10 lakh.If the project cost is above Rs 10 lakh in the manufacturing sector and Rs 5 lakh in service sector, it is mandatory that the applicant is an eighth pass out. Two weeks of entrepreneurial training is must to avail the loan.The margin amount of the applicants should be 10 per cent for general category and 5 percent for the weaker section. The government subsidy is 25 per cent in rural areas and 15 per cent in urban areas for the general category, and 35 per cent in rural areas and 25 per cent in urban areas for the weaker sections, including Scheduled Caste/ST, women, OBC, and differently-abled.The scheme includes arrangement for buyer-seller meetings and marketing aspects for 116 type of products, including food, coir products, hand-made paper, jewels, pottery products, tannery, rubber, rexin, hair oil, detergent, carpentry products, aluminium vessels, gobar gas and iodised salt.But, in the last fiscal, many applications were approved in excess of the allotted subsidy for the State, requiring  Rs 47 crore to be settled by way of subsidy alone in the State.Hence, the Centre has asked the nodal agencies not to receive any new applications this year. It has asked them to clear the applications that have already been approved, before September 31, 2011.

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