Ministry of MSME Flags PMEGP Outcomes in 15th Finance Commission Meeting
Ministry of MSME reported record PMEGP performance in the 15th Finance Commission period (Finance Commission: Article 280 constitutional body, set up by President every 5 years). PMEGP (credit-linked Margin Money subsidy) utilised ₹13,554.42 crore, set up 4,03,706 new non-farm micro-enterprises (target 4.02 lakh), generating 36.33 lakh jobs; 80% units rural. Women: ~40% units, 45% subsidy; SC/ST/OBC: 54% beneficiaries. Implemented by KVIC; beneficiary contributes 5–10%, rest bank credit; subsidy—general: 25% rural/15% urban; special: 35% rural/25% urban. Eligibility: 18+; 8th pass for projects >₹10 lakh (manufacturing) or >₹5 lakh (services); only new units; SHGs, societies, trusts eligible.
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