Published Paper Details:

The Government of India has launched a new credit-linked subsidy initiative known as the Prime Minister's Employment Generation Programme (PMEGP). This programme merges two existing schemes, the Prime Minister's Rozgar Yojana (PMRY) and the Rural Employment Generation Programme (REGP), aimed at creating employment opportunities through the establishment of microenterprises in both rural and urban regions. PMEGP is a central scheme managed by the Ministry of Micro, Small, and Medium Enterprises. The implementation of the scheme is overseen by the Khadi and Village Industries Commission (KVIC), which operates as the primary nodal agency at the national level under the Ministry. At the state level, the PMEGP is executed through state KVIC directorates, state Khadi and Village Industries Boards (KVIBs), District Industries Centers (DICs), and banks. The government subsidy associated with the programme is allocated by KVIC through designated banks for final distribution. The study analyzed beneficiaries from various age groups, genders, rural and urban settings, as well as different socioeconomic backgrounds.