*Puts JK ahead of all States in creating self-employment under PMEGP
Govind Sharma
JAMMU, Apr 21: Khadi and Village Industries Commission (KVIC) has scripted the golden chapter of industrial growth and employment boom in Jammu & Kashmir (J&K) by establishing the highest number of manufacturing and service units in the UT under its flagship scheme- Prime Minister’s Employment Generation Program (PMEGP) and creating the highest number of jobs in comparison with all other States and UTs in India in the year 2021-22.
With a 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.
In 2021-22, KVIC had set a target of 3360 PMEGP units in J&K but buoyed by the Centre’s major push to local manufacturing, it ended up establishing a whopping 21,640 units and thus exceeding the target by a massive 544%. In J&K, these units have been established with a total capital of Rs 2101 crore. Out of this, KVIC disbursed a record margin money subsidy of Rs 467 crore while the Bank Credit flow was Rs 1634 crore. The margin money subsidy disbursed by KVIC in J&K is also the highest among all States/UTs in the country.
Attributing this employment spree to the Prime Minister’s vision for all-round development and self-sustainability of J&K, KVIC Chairman Vinai Kumar Saxena said, “Such large-scale self-employment in J&K is a contribution of KVIC towards making the UT self-sustainable and bringing it at par with other states in terms of development. The record number of PMEGP units in J&K is also a testimony of how people of J&K, after abrogation of Article 370 are participating in Government schemes to strengthen the local economy and pave the way for overall development of the UT.”
It is pertinent to mention here that development of J&K has been the focus area of the Union Government led by Prime Minister Narendra Modi. Special thrust has been given on creation of local employment in J&K since 2014-15 and the efforts have been fortified since 2019 when it was made a Union Territory.
PMEGP was launched in the year 2008 and for the next 6 years, i.e. till 2013-14, this scheme progressed at snail’s pace in J&K. However, 2014-15 onwards, there has been a phenomenal growth under PMEGP in the erstwhile state. Comparative data shows that KVIC had set up just 10,401 PMEGP units in J&K in 6 years (2008-09 to 2013-14) whereas, a massive 52, 116 units were set up by KVIC in the last 8 years, i.e. from 2014-15 to 2021-22.
Similarly, the total Margin Money subsidy disbursed by KVIC in J&K in 6 years (2008-09 to 2013-14) was a meagre Rs 145 crore, whereas KVIC disbursed a whopping Rs 1080 crore as Margin Money subsidy in the last 8 years (2014-15 to 2021-22). Further, KVIC created a total of 85,719 employment under PMEGP in the first six years (2008-09 to 2013-14) whereas the last 8 years have seen a massive 4.10 lakh employment in J&K under PMEGP.
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