Port Blair, Aug. 17: The Ministry of Micro, Small and Medium Enterprises (MoMSME) has conveyed some modifications in the existing Prime Minister’s Employment Generation scheme. The main objective of the PMEGP scheme is to generate employment opportunities in rural as well as urban areas of the country through setting up of new self-employment ventures/projects/micro enterprises. The maximum cost of the project/unit admissible for margin money subsidy under manufacturing sector has been increased from Rs. 25 lakhs to Rs. 50 lakhs whereas the same has been increased from Rs. 10 lakhs to Rs. 20 lakhs for Services/trading sector with a Govt. Subsidy upto 35% of the total project cost.

Any individual above 18 years of age is eligible to avail the benefits under the scheme with minimum educational qualification of VIII pass for projects above Rs.10 lakhs under manufacturing and above Rs.5 lakh under services / trading sector.

Along with the other existing activities under the services sector, financial assistance can also be availed under PMEGP scheme for few more activities like dairy, poultry, aquaculture and sericulture including bees.

An additional component namely expanding/upgrading the existing unit set up under PMEGP/REGP/MUDRA has been added, wherein the units already setup under PMEGP/REGP/MUDRA and performing very well in terms of turnover, profit making and loan repayment will be eligible for availing further financial assistance of up to Rs.1 crore for Manufacturing units and up to Rs. 25 lakhs for service/trading units through banks with uniform subsidy of 15% by the Government.

For further details, interested candidates may visit the Office of the A&N Islands Khadi & Village Industries Board, District Industries Centre, Udyog Parisar Complex, Middle Point, Port Blair. Residents of Inter Islands may contact the nearest Extension Offices of the Industries Department at Diglipur, Bakultala, Hutbay, Car Nicobar and Campbell Bay.