- The scheme aims to develop small and micro businesses and generate employment by setting up one lakh industries. The programme will be implemented through the Directorate of Industries and Khadi and Village Industry Commission.
- The investment limit for projects in the service sector and the manufacturing sector is ₹10 lakh and ₹50 lakh respectively. The State government will be granting 15% to 35% of the project cost. The beneficiary will have to invest 5% to 10% of the cost, while 60% to 80% of it would be provided through a loan from nationalised or private banks. Under this scheme, industries won’t have to offer collateral as the government will guarantee to repay the loan.
- The age-limit for beneficiaries has been set between 18 and 45 years for women, and 50 years for the Scheduled Castes and Scheduled Tribes.
- Women entrepreneurs will be eligible for 30% reservation in the scheme, while SCs/STs will get 20% reservation.
- The State government has set apart ₹500 crore for the scheme this year.
An initiative by Avinash Agarwal to provide comprehensive and accurate information, resources, and support for individuals preparing for the UPSC Civil Services Examination.
Wednesday, September 4
5 Points on Chief Minister Employment Generation Programme
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