• About us
  • Contact us
  • Our team
  • Terms of Service
Friday, November 13, 2026
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

KVIC created over 20 lakh new jobs in last five years under PMEGP: Chairman

Press Trust of india by Press Trust of india
April 15, 2019
in BUSINESS
A A
0
FacebookTwitterWhatsapp

New Delhi, Apr 14: The Khadi and Village Industries Commission has created over 20 lakh new jobs in the last five fiscals under the ambitious Prime Minister Employment Generation Programme (PMEGP), the commission’s top official has said.

KVIC chairman Vinai Kumar Saxena said the Commission has always achieved more than 100 per cent success rate in execution of the PMEGP.

More News

India aspires to lead emerging global economic order amid geopolitical shifts: VP Radhakrishnan

Supply shocks to weaken monetary policy effectiveness: CEA

Indian economy has been ‘shining star’ in otherwise ‘gloomy world’: NITI Aayog VC

Load More

He said that prior to 2014-15, the achievement rate was never over the stipulated target. But in the last five fiscals, due to the push given by Prime Minister Narendra Modi, to digital India, the KVIC succeeded in surpassing the targets.

“Incredible it may sound, amid much debate about job crisis in the nation, the Khadi and Village Industries Commission, leading from the front, has created 20,63,152 new jobs and set up 2,67,226 new projects under its ambitious Prime Minister Employment Generation Programme (PMEGP) in the last five fiscals, i.e. between 2014-15 to 2018-19,” Saxena told PTI.

In 2018-19, the KVIC, the nodal agency of PMEGP, had been given a target of setting up 70,386 new PMEGP projects disbursing margin money of Rs 1,968.80 crore for creating 5,62,351 employments, he said.

“Surprisingly, the KVIC achieved 105.05 percent success in this process as it had set up 73,408 new projects, disbursing margin money of Rs 2068.31 crore and creating 5,87,264 new employments,” He said.

“Surpassing the target, however, is not a new phenomenon for KVIC in the last five financial year. Barring 2015-16, it has always achieved more than 100 percent success in execution of PMEGP,” He said.

While in the 2014-15 the achievement percent was 102.70 per cent, it was 118.29 and 112.17 per cent in 2016-17 and 2017-18 respectively.

“Success in PMEGP is manifestation of Prime Minister Narendra Modi’s vision of Digital India. The KVIC as the nodal agency of the PMEGP scheme, had taken various steps of digitalisation – to increase organisational capacity to meet the various requirements towards implementation of this scheme.

“Earlier PMEGP was implemented off-line. But from July 1 2016, KVIC launched online portal. The software used for digitalisation of PMEGP was developed in-house by the IT team of the KVIC, saving approximately Rs 20 crore of the government exchequers as some external agency could have charged this for it,” Saxena said.

He said the online portal has brought transparency and expedited disbursement of margin money subsidy under the PMEGP.

“The KVIC has introduced online submission of application by the prospective beneficiaries and the payment of Margin Money subsidy is directly made into the beneficiary account through Direct Benefit Transfer (DBT). With the digitalization of the whole process, not only the applicants can now track the status of their applications at any point of time, it had also taken out even the minor chance for middlemen – to bluff the applicants,” he said.

Previous Post

Welcoming Contradictions

Next Post

Militant hideout busted in Pulwama

Press Trust of india

Press Trust of india

Related Posts

India aspires to lead emerging global economic order amid geopolitical shifts: VP Radhakrishnan

NDA’s soft-spoken Radhakrishnan elected Vice President
November 13, 2026

New Delhi: Vice President C P Radhakrishnan on Friday asserted that India aspires to play a leading role in the...

Read moreDetails

Supply shocks to weaken monetary policy effectiveness: CEA

Govt working overtime to cushion export sector from US tariffs: CEA Anantha Nageswaran
November 13, 2026

New Delhi: Chief Economic Advisor V Anantha Nageswaran on Friday said monetary policy tools such as interest rate adjustments may...

Read moreDetails

Indian economy has been ‘shining star’ in otherwise ‘gloomy world’: NITI Aayog VC

Indian economy has been ‘shining star’ in otherwise ‘gloomy world’: NITI Aayog VC
November 12, 2026

New Delhi: The Indian economy has been the "shining star" in an otherwise "gloomy world", as the country has maintained...

Read moreDetails

Retail inflation breaches RBI’s upper tolerance band at 6.09%; rate hike likely next month

Wholesale inflation hits three-month high of 0.53% in March
November 12, 2026

New Delhi: Retail inflation surged to 6.09 per cent in October, breaching the Reserve Bank's upper tolerance limit for the...

Read moreDetails

Earlier PM said ‘sab changa si’, now it is ‘sab mehnga si’: Cong taunts govt over price rise

PM leaving no stone unturned to save ‘flailing image’: Cong slams UGC’s ‘selfie points’ directive
November 12, 2026

New Delhi: The Congress on Thursday targeted the Modi government over rising prices, and said the public wants inflation to...

Read moreDetails

World leaders urge stronger and faster action at UN climate talks over inadequate response

World leaders urge stronger and faster action at UN climate talks over inadequate response
November 11, 2026

Antalya (Turkiye):  World leaders began formal talks at the United Nations climate conference in Turkiye on Wednesday, seeking agreement on...

Read moreDetails
Next Post
Militant hideout busted in Handwara

Militant hideout busted in Pulwama

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2025 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2025 Kashmir Images - Designed by GITS.