Latest news with #ChiefMinisterEmploymentGenerationProgramme
Time of India
29-07-2025
- Business
- Time of India
Will remove bottlenecks, make schemes easily accessible, says Linda
Ranchi: The state govt is set to push forward several key welfare initiatives aimed at empowering youth, students, and tribal communities across the state. From streamlining scholarships to boosting infrastructure in remote regions, the welfare department, during a general body meeting, mentioned the outlined actions on multiple fronts. One major focus is the Chief Minister Employment Generation Programme (CMEGP), where steps will be taken to simplify the loan process and improve outreach so that more unemployed youth can benefit. "Our aim is to remove procedural bottlenecks and make schemes more accessible to those who need them most," said welfare minister Chamra Linda. Efforts are also being made to release Rs 275 crore in pending OBC scholarships from the Centre. The state plans to take up the matter actively to ensure the timely disbursal for thousands of students awaiting financial support. In the education sector, the govt is exploring a partnership with Physics Wallah to offer free coaching for tribal students in Ranchi's Hindpiri area for engineering and medical entrance exams.
Time of India
08-05-2025
- Business
- Time of India
Govt scheme helps city-based pre-school owner couple pivot their business from effects of Covid lockdown
1 2 3 Pune: City-based couple Yogita and Yogesh Kulkarni were disheartened after they had to shut down the pre-primary school they began on Sinhagad Road during the Covid of the non-teaching staffers who worked at the facility for several years were left without a job in the looked bleak — until the duo pivoted to manufacturing eco-friendly teaching aids for pre-primary students in 2021. Four years later, Yogita (50) and Yogesh (54) are supplying these aids, including educational toys, to most of the major schools in the they also managed to retain the jobs of 25 non-teaching staff at their school at the time, most of whom have now moved on to regular jobs in other schools. During an uncertain time, the job security provided them with stability that allowed them to the Kulkarni couple has also employed some self-help groups (SHGs) to supplement their increased production. Operation Sindoor Operation Sindoor: Several airports in India closed - check full list Did Pak shoot down Indian jets? What MEA said India foils Pakistan's attack on Jammu airport: What we know so far Now, they have reached a turnover of around Rs25 lakh and are considering starting exports of the aids, to the duo, their enterprise was spurred by the initial seed funding they received from the Chief Minister Employment Generation Programme ( CMEGP ), which is aimed at supporting small businesses in the state and generating employment."I came to know about the scheme through a newspaper ad, and the process was completed very quickly. Although our project was eligible for a larger amount, we took a cautious approach and opted for a loan of Rs4 lakh at the time of starting the business," Yogesh told took about four months for the funds to be disbursed, but the delay was largely on account of the merger of the nationalised bank behind the dole; the approvals from the govt side were completed in a month, informed the scheme, the bank provides a loan of up to 75% of a project's cost. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thousands Are Saving Money Using This Wall Plug elecTrick - Save upto 80% on Power Bill Click Here Undo Thereafter, the entrepreneur has to put in 5-10% of capital, and the govt puts in the margin money of 15-20% for applicants from urban areas and 25-35% for those from rural areas. The maximum eligible loan limit under the scheme is Rs50 lakh for a manufacturing project and Rs25 lakh for a service-related District Industries Centre (DIC) in Pune has approved 683 such projects in the last financial year 2024-25, of which 359 are in urban areas and 324 in rural female entrepreneurs applying under the scheme for this year were higher (415) compared to applications from male candidates (268). Sector-wise analysis shows that applications under the scheme range from automobile to agro-processing, paper, and plastics to food trucks, as per information from the from CMEGP shows that the DIC in Pune received 4,870 applications in the FY 2024-25, of which over 2,560 were rejected by banks and 1,300 are pending approvals.
