KVIC disburses Rs 300 Cr subsidy to 8,794 beneficiaries under PMEGP scheme
Source: The Sangai Express

Imphal, June 06 2025: The Khadi and Village Industries Commission (KVIC), under the Ministry of Micro, Small and Medium Enterprises (MSME), has disbursed Rs 300 crore in margin money subsidy to 8,794 beneficiaries under the Prime Minister's Employment Generation Programme (PMEGP).

The subsidy was released during a virtual programme held on Tuesday at KVIC's Central Office in Vile Parle (West), Mumbai.

It corresponds to loans amounting to approximately Rs 884 crore.

Manoj Kumar, Chairman of KVIC, transferred the subsidy to beneficiaries via a virtual platform.

CEO Roop Rashi and other senior officials were also present at the event.

All the six zones of the country actively participated in this disbursement program.

In total, 2445 projects were approved for Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Kerala, Puducherry of South Zone, for which subsidy of Rs 80.26 crore was disbursed.

In the Central Zone, a subsidy of Rs 91.13 crore was disbursed for 2366 projects of Uttar Pradesh, Madhya Pradesh, Chhattisgarh and Uttarakhand.

A subsidy of Rs 62.68 crore was provided to a total of 2167 projects in Eastern India for Bihar, Jharkhand, Odisha, West Bengal and Andaman Nicobar and Assam, Manipur, Meghalaya, Mizoram and Tripura in the Northeast.

A subsidy of Rs 41.80 crore was given for 1320 projects of Haryana, Himachal Pradesh, Jammu and Kashmir, Ladakh, Punjab, and Rajasthan in the Northern region.

At the same time, 496 projects in Gujarat, Maharashtra, and Goa of the Western region received a subsidy of Rs 24.12 crore.

The event marked another step in KVIC's ongoing efforts to boost rural entrepreneurship and employment generation through its flagship PMEGP scheme.

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