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More than 10,000 individuals in Jharkhand are awaiting jobs resulting from lack of loan approval and disbursal from private and non-private sector banks within the state below Prime Minister’s Employment Generation Programme (PMEGP) — a scheme for offering monetary help to arrange new enterprises, primarily in rural areas.
Data means that PMEGP has supplied jobs to 1.07 lakh individuals in these enterprises within the final 12 years.
Khadi and Village Industries Commission (KVIC), the nodal company to implement PGEP below MSME division, stated that the intention in 2020-21 stands at beginning 1,863 “new” enterprises, which is able to “employ 14,904 people” in Jharkhand.
However, information says that within the final greater than eight months solely 380 enterprises took off – eligible for Rs 10.94 crore subsidy – primarily resulting from lack of loan availability.
Moreover, 574 such purposes are pending at varied banks the place sanctions have been given, however are awaiting disbursal.
MSME division and KVIC pulled up state-level bankers and directed to begin the work on ‘war footing’.
© The Indian Express (P) Ltd
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