21640 units established in J&K under PMEGP

Excelsior Correspondent

SRINAGAR, Sept 26: After the Centre’s major push to local manufacturing, J&K Government has established 21,640 units under Prime Minister’s Employment Generation Program (PMEGP) exceeding the target by a massive 544% with total capital of Rs 2101 crore across Jammu and Kashmir.
The PMEGP has worked wonders for Jammu and Kashmir and the UT leads ahead of all other states in self-employment opportunities under the PMEGP.
In 2021-22, KVIC had set a target of 3,360 PMEGP units in J&K but buoyed by the Government’s major push to local manufacturing, it exceeded the target by massive 544 per cent and J&K now stands way ahead of bigger states.
In 2021-22, a majority of the PMEGP units in J&K were set up in districts like Baramulla, Badgam, Pulwama, Anantnag, Ganderbal, Kupwara, Bandipora and Doda. As many as 16,807 (78 per cent) of the 21,640 PMEGP units in J&K belong to the service sectors like beauty parlour, boutiques, embroidery, mobile/computer repair shops and food outlets.
This is followed by 1,933 units (9 per cent) under rural engineering and biotechnology like steel fabrication and steel furniture, artificial jewellery making, vermi-compost and bio-fertilizers units.
With record 21,640 manufacturing and service units, J&K stands way ahead of bigger states like Uttar Pradesh (12,594 units), Madhya Pradesh (8082 units), Tamil Nadu (5972 units), Karnataka (5877) and Gujarat (4140 units). A massive 1.73 lakh new employment in J&K in 2021-22, under PMEGP alone, is also the highest across all states and UTs in India.
The Central Government approved the introduction of new credit linked subsidy programme called PMEGP by merging the two schemes that were in operation like Prime Minister’s Rojgar Yojana (PMRY) and Rural employment Generation Programme (REGP) for generation of employment opportunities through establishment of micro enterprises in rural as well as urban areas.
PMEGP is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME). The Scheme is implemented by Khadi and Village Industries Commission (KVIC), a statutory organization under the administrative control of the Ministry of MSME as the single nodal agency at the National level.
KVIC scripted golden chapter of industrial growth and employment boom in Jammu & Kashmir. In the year 2021-22, KVIC in J&K established the highest number of manufacturing and service units under its flagship scheme PMEGP and created the highest number of jobs in comparison with all other states and UTs in India.
Recently, J&K Bank was ranked number one by the Ministry of Micro, Small and Medium Enterprises (GoI) under the Khadi India Awards for its excellent performance in implementing the Prime Minister’s Employment Generation Programme (PMEGP) in North India.