Micro, Small & Medium Enterprises minister Jitan Ram Manjhi announced the release of ₹1,000 crore in subsidy, aiming to support 11,333 new micro enterprises while facilitating bank credit of ₹3,260 crore.

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Manjhi releases 1,000 crore under PM job scheme to support 11,333 micro enterprises

Micro, Small & Medium Enterprises minister Jitan Ram Manjhi announced the release of ₹1,000 crore in subsidy. This funding aims to support 11,333 new micro enterprises while facilitating bank credit of ₹3,260 crore. The initiative is anticipated to create over 1.02 lakh sustainable employment opportunities, primarily in rural areas. The subsidy is part of the Prime Minister's Employment Generation Programme, designed to boost grassroots entrepreneurship.

New Delhi: Micro, Small & Medium Enterprises minister Jitan Ram Manjhi on Wednesday released ₹1,000 crore in margin money subsidy under the Prime Minister's Employment Generation Programme (PMEGP), supporting 11,333 new micro enterprises and facilitating bank credit of ₹3,260 crore. The latest tranche is expected to generate over 1.02 lakh sustainable employment opportunities, primarily in rural areas. The programme provides margin money subsidies against bank-sanctioned project loans to entrepreneurs setting up new micro enterprises. The government aims to boost grassroots entrepreneurship and expand non-farm livelihoods.

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