Hotline: 1800 102 2007
X
Search Business Opportunities
2012-11-15

Rs 1,276 crore released to support MSME projects: Govt

Minister of Micro, Small and Medium Enterprises (MSMEs) KH Muniyappa has said that the government has released Rs 1,276 crore in the current fiscal to support 53,826 projects that are expected to generate about 4.31 lakh jobs.

Minister of Micro, Small and Medium Enterprises (MSMEs) KH Muniyappa has said that the government has released Rs 1,276 crore in the current fiscal to support 53,826 projects that are expected to generate about 4.31 lakh jobs.

The minister at the inauguration of Techmart at the India International Trade Fair (IITF) 2012 on Wednesday said, "During 2012-13, Rs 1,276 crore for 53,826 projects has been released, which are likely to generate jobs for around 4.31 lakh jobs."

“An outlay of Rs 9,700 crore had been proposed for the Prime Minister's Employment Generation Programme (PMEGP) in the XII Five-Year Plan to set up 4 lakh projects at the cost of (at Rs 23 lakh margin money per project) with creation of 32-lakh employment,” he added.

Under the PMEGP, urban and rural entrepreneurs in the general category can avail a subsidy of 15 per cent and 25 per cent on the project cost. In the case of weaker sections of society, 25 per cent and 35 per cent subsidy is provided for urban and rural businessmen.

The minister asked the Khadi Village Industries Commission to explore further avenues for the development of village and cottage industries.

The Khadi and Village Industries Commission, the nodal agency to implement the PMEGP, assigns targets to its field officers and the khadi and village industries boards of various states.

Meanwhile, the Muniyappa also inaugurated the MSME Expo-2012 showcasing a wide variety of products and the Coir Pavillion at the fair.

Related opportunities
  • Automobile maintanance related
    About: AutozSpa is dedicated to providing a classy clean to a..
    Locations looking for expansion Gujarat
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Surat Gujarat
  • Quick Service Restaurants
    About: Starting out in 2013 with its first Pizza store in..
    Locations looking for expansion Gujarat
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Quick Service Restaurants
    About Us: Established in 2012, formed in the trend setting street..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About: Sip & Gossip has been founded in April 2016. It..
    Locations looking for expansion Rajasthan
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts