Summary:

As of March 31, 2026, the MSME Ministry reports that the Prime Minister's Employment Generation Programme (PMEGP) had created jobs for over 36.33 lakh individuals and helped over four lakh micro-enterprises throughout India. It has encouraged self-employment and entrepreneurship since 2008 - 09, particularly in rural and semi-urban areas. The program, which is run by KVIC in collaboration with State KVIBs, KVIC Directorates, and DICs, provides margin money subsidies to establish microbusinesses in manufacturing and services, promoting inclusive growth and local economic activity. Project costs have increased to Rs. 25 lakh for services and Rs. 1 crore for manufacturing due to reforms. It promotes rural industrialization and MSME growth in industries like food processing by supporting women, aspirational areas, and first-generation businesses.

Source: IBEF

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