Government Schemes for Entrepreneurs
NIOS · Class 10 · Entrepreneurship
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Key Topics to Revise
PMEGP: Prime Minister's Employment Generation Programme
- PMEGP aims to generate employment in rural and urban areas by setting up new self-employment ventures, projects, or micro enterprises.
- It helps traditional and prospective artisans and unemployed youth by creating sustainable work opportunities.
- It is implemented by KVIC at the national level.
PMMY: Pradhan Mantri MUDRA Yojana
- PMMY was launched by the Prime Minister on 8 April 2015.
- It provides loans up to Rs.10 lakh to non-corporate, non-farm small or micro enterprises.
- MUDRA stands for Micro Units Development and Refinance Agency Ltd.
Stand Up India
- Stand Up India facilitates bank loans between Rs.10 lakh and Rs.1 crore.
- The loans are given to at least one SC or ST borrower and at least one woman borrower per bank branch.
- The purpose is to set up a greenfield enterprise in manufacturing, services, or trading.
National SC/ST Hub
- The National SC/ST Hub provides professional support to SC/ST entrepreneurs.
- It helps them fulfil obligations under the Central Government Public Procurement Policy for Micro and Small Enterprises Order 2012.
- It also helps them adopt suitable business practices and benefit from the Stand Up India initiative.
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