• About us
  • Contact us
  • Our team
  • Terms of Service
Wednesday, June 17, 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

El Nino to hit 12 states severely; Chouhan calls for district-level contingency plans for Kharif

Google removes Telegram app from Play Store on govt order, Apple may follow suit

India’s first digital repository of space-sector capabilities launched at ISC

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

El Nino to hit 12 states severely; Chouhan calls for district-level contingency plans for Kharif

Centre to set up Clean Plant facility to provide disease-resistant plants to horticulturists in Kashmir
June 16, 2026

New Delhi:  The impact of El Nino weather phenomenon, linked with a weaker monsoon in India, is likely to be...

Read moreDetails

Google removes Telegram app from Play Store on govt order, Apple may follow suit

NEET-UG re-test: Govt places curbs on Telegram messaging app till June 22
June 16, 2026

New Delhi:  Google has removed messaging app Telegram from its Play Store, and Apple is likely to follow suit in...

Read moreDetails

India’s first digital repository of space-sector capabilities launched at ISC

June 16, 2026

New Delhi:  India's first comprehensive digital repository of space-sector capabilities, known as the Indian Space Industry E-Catalogue, was launched at...

Read moreDetails

Investors become richer by Rs 18.15 lakh cr in two days of market rally

Equity investors’ wealth plunges Rs 1.36 lakh cr amid sell-off in markets
June 15, 2026

New Delhi:  Investors' wealth surged by Rs 18.15 lakh crore thanks to a two-day rally in the stock market after...

Read moreDetails

Indian LNG carrier safely crosses Hormuz, first since US-Iran ceasefire

1st Indian vessel crosses Strait of Hormuz after US-Iran ceasefire
June 15, 2026

New Delhi: A Liquefied Natural Gas (LNG) carrier, chartered by an Indian firm, safely transited through the Strait of Hormuz...

Read moreDetails

World looking towards inclusive, human-centric technologies: PM Modi in France

World looking towards inclusive, human-centric technologies: PM Modi in France
June 14, 2026

Nice (France):  India is no longer just a consumer of global solutions, but a major contributor to them, Prime Minister...

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.