Latest news with #KVIC
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Business Standard
3 days ago
- Business
- Business Standard
KVIC disburses ₹300 cr subsidy to 8,794 beneficiaries under PMEGP scheme
The Khadi and Village Industries Commission (KVIC), under the Ministry of Micro, Small and Medium Enterprises (MSME), has disbursed ₹300 crore in margin money subsidy to 8,794 beneficiaries under the Prime Minister's Employment Generation Programme (PMEGP). The subsidy was released during a virtual programme held on Tuesday at KVIC's Central Office in Vile Parle (West), Mumbai. It corresponds to loans amounting to approximately ₹884 crore. Manoj Kumar, Chairman of KVIC, transferred the subsidy to beneficiaries via a virtual platform. CEO Roop Rashi and other senior officials were also present at the event. 'Khadi is the essence of Aatmanirbhar Bharat': KVIC chairman Since its inception, PMEGP has supported the establishment of 1.02 million micro enterprises up to FY 2024–25. Loans worth ₹73,348.39 crore have been sanctioned under the scheme, with margin money subsidies totalling ₹27,166.07 crore. The programme has generated direct and indirect employment for over nine million individuals across the country. Zone-wise disbursement details All six zones participated in the event. South Zone (Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Kerala, Puducherry): 2,445 projects received ₹80.26 crore Central Zone (Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Uttarakhand): 2,366 projects received ₹91.13 crore Eastern Zone (Bihar, Jharkhand, Odisha, West Bengal, Andaman & Nicobar Islands, Northeast states): 2,167 projects received ₹62.68 crore Northern Zone (Haryana, Himachal Pradesh, Jammu & Kashmir, Ladakh, Punjab, Rajasthan): 1,320 projects received ₹41.80 crore The event marked another step in KVIC's ongoing efforts to boost rural entrepreneurship and employment generation through its flagship PMEGP scheme.
Hans India
4 days ago
- Business
- Hans India
KVIC disburses margin money subsidy of Rs 300 crore to 8,794 beneficiaries
Mumbai: Khadi and Village Industries Commission (KVIC) on Thursday said it has disbursed margin money subsidy of Rs 300 crore to 8,794 beneficiaries across the country under the Prime Minister's Employment Generation Programme (PMEGP). The disbursement was made against loan sanction of about Rs 884 crore, said KVIC which comes under the Ministry of Micro, Small and Medium Enterprises. KVIC Chairman Manoj Kumar said that under the visionary leadership and guidance of Prime Minister Narendra Modi, PMEGP scheme has presently created a strong and effective base of self-employment in India. 'Khadi and Village Industries is not just a product today, but it is the essence of vision of Aatmanirbhar Bharat. This scheme has not only provided employment to lakhs of youth, but has also connected them with the power of entrepreneurship,' he added, All the six zones of the country actively participated in the disbursement programme. In total, 2,445 projects were approved for Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Kerala, Puducherry of South Zone, for which subsidy of Rs 80.26 crore was disbursed. In the Central Zone, subsidy of Rs 91.13 crore was disbursed for 2,366 projects of Uttar Pradesh, Madhya Pradesh, Chhattisgarh and Uttarakhand. A subsidy of Rs 62.68 crore was provided to a total of 2,167 projects in Eastern Zone for Bihar, Jharkhand, Odisha, West Bengal and Andaman and Nicobar and Assam, Manipur, Meghalaya, Mizoram and Tripura in the Northeast. A subsidy of Rs 41.80 crore was given for 1,320 projects of Haryana, Himachal Pradesh, Jammu and Kashmir, Ladakh, Punjab, and Rajasthan in the northern region. At the same time, 496 projects in Gujarat, Maharashtra, and Goa of the Western region received a subsidy of Rs 24.12 crore. Since its beginning till the financial year 2024-25, PMEGP has become a pillar of entrepreneurship and self-reliance in rural and urban India. A total of 10,18,185 micro enterprises have been established under the scheme so far, for which the government has sanctioned a loan of Rs 73,348.39 crore. In return, margin money subsidy of Rs 27,166.07 crore has been provided to the beneficiaries. So far, more than 90,04,541 people across the country have got direct and indirect employment through this scheme, which makes it one of the most effective self-employment schemes in the country.
Deccan Herald
22-05-2025
- Business
- Deccan Herald
Beekeepers earn Rs 325 crore by generating over 20,000 metric tonnes of honey under KVIC's Honey Mission
According to him, the KVIC has distributed over 2,29,409 bee boxes and bee colonies across the country, resulting in the production of approximately 20,000 metric tonnes of honey, generating an income of Rs 325 crore for beekeepers.
United News of India
18-05-2025
- Politics
- United News of India
OP Sindoor exposed the nexus between Pakistan and terrorism: Shah
Ahmedabad, May 18 (UNI) Union Home Minister Amit Shah on Sunday praised the Armed Forces for eliminating terror camps in Pakistan and POK, and said that Operation Sindoor had exposed the nexus between the Pakistani Army, the Pakistan state and terrorism before the whole world. Addressing a gathering in Ahmedabad, Gujarat, Shah said, "Our Brahmos missiles destroyed Pakistan's airbases. Our brave soldiers of the Indian Army have eliminated the hideouts of Hafiz Saeed, Masood Azhar and many terrorists who were taking refuge in Pakistan and for this, the whole country bows down to the Jawans of our armed forces", a Home Ministry statement said. Stating that Operation Sindoor had exposed many things about Pakistan, Shah said, "Pakistan used to tell the whole world that there are no terrorists and terrorist activities in our country. But when our missile fell there under Operation Sindoor and the terrorists were wiped out, Pakistan was exposed in front of the whole world". He said that whenever the history of protecting the security of the country and its borders will be written, the name of Operation Sindoor will be written in golden letters. "After the Pahalgam terror attack, Prime Minister Narendra Modi had promised the people of the country in Bihar that the Indian Armed Forces would destroy the terrorist hideouts. In a few days, Prime Minister Modi's strong political will, the valour of the Army, the accurate information of our intelligence agencies and the firepower of the Armed Forces attacked nine locations in Pakistan and destroyed the terrorist hideouts," Shah said. He said, "The government gave a befitting reply to the terrorists by first carrying out surgical strikes, then airstrikes and now by eliminating the terrorists who wiped off the vermillion from the foreheads of the women of our country". Shah said, "After Operation Sindoor, Prime Minister Modi made it clear in his address to the country that the water of Sindhu and blood cannot flow simultaneously, trade and terrorism cannot go on together. He has also made it clear to the whole world that we are ready for talks with Pakistan, but the talks will be for taking back Pakistan Occupied Kashmir (PoK) and ending terrorism". He said that today 140 crore countrymen are saluting and praising the bravery of our armed forces, the accuracy of our intelligence agencies and the strong political will of Prime Minister Modi. The Home Minister said that the inauguration and foundation stone laying of development works worth more than Rs 1,550 crore is taking place simultaneously. He said that today the beneficiaries have also benefited under many employment -oriented schemes by Khadi Village Industries Commission (KVIC). Shah said that today KVIC has provided employment facilities to more than 1,000 beneficiaries through electronic potter's wheel, sewing machine, leather tool kit, Kachi Ghani oil machine, automatic incense stick making machine. UNI RBE RN
New Indian Express
24-04-2025
- Business
- New Indian Express
Khadi & village industries panel achieves Rs 1.7 lakh crore turnover
THIRUVANANTHAPURAM: Khadi and Village Industries Commission (KVIC) has recorded a turnover surpassing Rs 1.7 lakh crore. Releasing the data for the financial year 2024-25, KVIC chairman Manoj Kumar said the production increased fourfold with a jump of 347% and sales increased five fold with a jump of 447%. KVIC is providing employment to 1.94 crore people. Manoj Kumar said that unprecedented growth has also been observed in the production of Khadi clothes in the past 11 years. He said that the major objective of KVIC is to provide maximum employment opportunities in rural areas. On women empowerment, he said that in the last 10 years, 7,43,904 have been trained through 18 departmental and 17 non-departmental training centres of KVIC, out of which 57.45% (4,27,394) are women. 'Apart from this, 80% of the 5 lakh Khadi artisans are also women. In the past 11 years, the wages of Khadi artisans has been increased by 275% while in the past three years, it has been increased by 100% ,' he said.
