Union Minister for MSME releases ₹1,000 crore margin money subsidy under PMEGP

According to ministry of Micro, Small & Medium Enterprises, the release of the subsidy will facilitate support to more than 11 thousand beneficiaries under PMEGP. These beneficiaries have received bank-sanctioned project loans amounting to approximately over three thousand 200 crore rupees for setting up new micro-enterprises across various sectors. PMEGP is one of the flagship credit-linked subsidy programmes of the government aimed at creating sustainable self-employment opportunities through establishment of new micro-enterprises in the non-farm sector.

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