SIGN IN SUBSCRIBE

News Update

Delhi HC orders DGCA to deregister GO First’s aircraftIndia successfully tests SMART anti-submarine missile-assisted torpedo systemKiller heatwave kills hundreds of thousands of fish in Southern VietnamHong Kong struck by close to 1000 lightningColumbia Univ campus turns into ‘American Gaza’ - Pro-Palestinian students & counter-protesters clashViksit Bharat @2047: Taxes form the BedrockGST - April month collections go past Rs 2 lakh crore threshold - peak to Rs 2.1 lakh croreCX - Alleged clandestine removal - Not replying to SCN on the ground that letter is not furnished by department is only a ruse as reliance is not placed on the same by the respondent authority for adjudicating the SCNs: SCGST - Proper officer observes that the reply filed is not satisfactory and since the assessee has nothing more to say, demand is confirmed - Officer has not applied his mind - Matter remitted: HCGST - Petitioner had no opportunity to even object to the retrospective cancellation of registration - Petitioner does not seek to continue his business and has sought cancellation of registration - Order modified accordingly: HCGST - Seizing the outward movement of funds from petitioner's bank account - Life of an order of provisional attachment u/s 83(2) is only one year - HDFC Bank, henceforth, cannot restrain operation of bank account: HCTax - on Death and ContemplationDelhi, Noida schools receive bomb threats; Children sent back homeI-T- Writ court is not required to interfere with assessment order, where assessee also has available option of statutory appeal: HCED seizes Rs 90 Cr stored in crypto in Gaming App scamI-T-Transfer of assessment is sustained, where assessee does not reply to any notice issued in this regard & where valid reasons exist for transferring assessment: HCHM appeals Naxalism will be erased in 2 yrs if Modi voted back to powerAmerica softens offence related to use of marijuanaI-T - Rule 11UA does not mentions pre-condition of approval of balance sheet by Annual General Meeting: ITATAfter US & UK India comes third in terms of 79 mn cyber attacks in 2023: StudyCBIC revises tariff value of gold, silver & edible oils
 
PMEGP - General category can also avail subsidy of 25% of project cost

By TIOL News Service

NEW DELHI, JAN 01, 2018: Under the Prime Minister's Employment Generation Programme (PMEGP), general category beneficiaries can avail of margin money subsidy of 25 % of the project cost in rural areas and 15% in urban areas. For beneficiaries belonging to special categories such as Scheduled Caste/Scheduled Tribe/OBC /Minorities/Women, Ex-serviceman, Physically Handicapped, NER, Hill and Border areas, the margin money subsidy is 35% in rural areas and 25% in urban areas.

Any individual above 18 years of age is eligible. For setting up of projects costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business/service sector, the beneficiaries should possess at least VIII standard pass educational qualification. The maximum cost of projects is Rs. 25 lakh in the manufacturing sector and Rs. 10 lakh in the service sector. Benefit can be availed under PMEGP for setting up of new units only. 

Subsidy under PMEGP Scheme is provided by the Union Government. The PMEGP Scheme was launched during 2008-09. Since its inception, a total of 4.47 lakh micro enterprises have been assisted with a margin money subsidy of Rs 9326.01 crore providing employment to an estimated 37.32 lakh persons from inception till 2017-18 (up to 30.11.2017).

Khadi and Village Industries Commission (KVIC) is the nodal agency at the national level. At the State/District level, State offices of KVIC, KVIBs and District Industry Centres(DIC) are the implementing agencies in the States in the ratio of 30:30:40.

An online PMEGP e-portal  https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp has been introduced from 1 st July 2016. Entire process is made real time and online. Applicant has to apply on the online portal and he can track the status of his application on the PMEGP-e-portal. There is an online feedback mechanism for providing feedbacks by the beneficiaries, which has been encouraging.

This was stated in a reply to a question in the Lok Sabha by the MoS for MSME, Mr Giriraj Singh.

 


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

TOP NEWS

AR not Afar by SK Rahman

VISION 360



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST