Govt proposes new scheme by merging PMRY and REGP

New Delhi, Apr 22 (UNI) The Ministry of Micro, Small and Medium Enterprises has proposed to introduce a new scheme titled 'Prime Minister's Employment Generation Programme (PMEGP)' by merging the 'Prime Minister's Rozgar Yojana' (PMRY) with the 'Rural Employment Generation Programme' (REGP), the Lok Sabha was informed today.

Minister for Micro, Small and Medium Enterprises Mahavir Prasad said in a written reply that people from rural as well as urban areas of the country are proposed to be benefitted under this proposed scheme.

Under this scheme, financial assistance in the form of subsidy/margin money is to be provided for setting up of units costing up to Rs 25 lakh with increased levels of subsidy for smaller value projects and those taken up by beneficiaries belonging to marginalized sections of society.

The scheme has been proposed to be implemented through Khadi and Village Industries Commission (KVIC), State/UT Khadi and Village Industries Boards (KVIBs) and District Industries Centres(DICS) of state Governments.

The details of the scheme are under finalisation. The scheme is likely to be launched in the first quarter of 2008-09.

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