District Level Task Force Committee reviews PMEGP loan cases

JAMMU, DECEMBER 12: A District Level Task Force Committee today convened a meeting to review PMEGP loan cases from DIC, KVIC & KVIB.
A total of 86 cases were taken up in the meeting out of which 62 cases were approved amounting to loan of Rs. 466.98 lakhs.
The meeting was attended by Additional District Development Commissioner Tanveer Iqbal Malik, General Manager, DIC Namrita Dogra Director RSETI Jeeta Dhar, representatives from the Banks and other senior officers of the concerned departments.
The PMEGP scheme is being implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks. The maximum cost of the project/unit admissible in manufacturing sector is Rs. 25 lakhs and in the Service sector, it is Rs.10 lakhs. The general category male candidates are eligible for 15% subsidy in urban area and for 25% subsidy in rural area. Special category candidates (including SC/ ST/ OBC/ Minorities/Women, Ex-servicemen, Physically handicapped, Hill and Border areas, etc.) are eligible for 25% subsidy in urban areas and 35% subsidy in rural areas.